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Is it possible to refinance your home while in chapter 13?

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2005-10-17 19:36:46
2005-10-17 19:36:46

Yes, it is possible to refinance your home while in an open Chapter 13, if your credit score meets the company's requirements. Also, a max 80% loan to value on your equity will be used to make sure you have enough money in your home to cover closing costs. There are also programs available that do not have score requirements and also allow you to payoff the remaining balance. If you need assistance go to www.1800PFG.com.

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No you can not get a home equity line of credit but you can refinance and pay off the chapter 13 with the new mortgage.

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You can refi a day out discharging of bankruptcy depending on the situation.

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Refinancing after a bankruptcyThe time period you have to wait depends on what chapter bankruptcy you filed. Generally, you are able to refinance 2yrs after a Chapter 7 discharge.If you are in Chapter 13, you can refinance the next day with many lenders. You can email a mortgage broker like myself to find out more.To add to the above answer, you do NOT have to wait 2 years to refinance after a chapter 7 discharge, those are for fannie Mae loans. You can refinance a chapter 7 a day after discharge. A chapter 13 can also be refinanced before discharge since it's on a payment plan for 3-5 years from filing date. You can get a chapter 13 refinance as little as 6 months from filing, not discharge and you can payoff your chapter 13 in the process if you have enough equity in your home.

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A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.

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In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.

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This is the website that I found most helpful when looking for information on What steps do I need to take to refinance my home here is the website www.bills.com/refinance-my-home/ - Cached

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If you are a Canadian resident, you may be wondering if the Royal Bank of Canada offers home refinance services. They are an excellent resource for home refinance services.

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