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Should you consider refinancing if your only other option is bankruptcy?
Wiki User
∙ 12y ago
That would be dependent on the amount of debt you have accrued that you think qualifies you for bankruptcy. Refinancing is of course possible, and may allow you to pay off all of your debts at once, depending on the amount you owe. You should contact a professional with options.
Wiki User
∙ 12y ago
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How does one start the process of refinancing their loan on their home mortgage?
Before refinancing your home, one should consider if refinancing is the right option for them. Refinancing is intended mainly to lower one's interest rate. However, there are some things to be considered when doing this. Refinancing pays off the current loan and creates a new loan at a lower interest rate. Before doing this, the homeowner should know if their current mortgage has a prepayment penalty clause. This means that if they pay the current mortgage early they will have to pay a fine or penalty. This might make refinancing not worth it.
Where can someone find refinancing rates?
Refinancing rates can be found in several places. First option is to visit a comparision site on the internet. They provide a list of all available options. Second option is to visit a bank and discuss refinancing options. And the last option is to visit ones financial advisor.
Where can you find refinancing companies in California?
You can look for mortgage companies that offer refinancing. Also another option would be to look at banks and see if they offer refinancing and what their rates are like.
Which corrective option should you consider if you are experiencing wrist pain?
One correct option that you should consider if you are experiencing wrist pain is to adjust the height of your work table.
What lenders in VA offer refinancing options?
There are several lenders that offer refinancing in Virginia. One possible online option is a company called VA Loans. They offer affordable prices for refinancing. Another option is through Bank of America, which can be taken care of either online or in a bank.
How can one find out if one is able to file for bankruptcy?
To find out if one is able to file for bankruptcy, one should seek information from a lawyer or someone familiar with bankruptcy. Another option is to visit WikiHow's website.
What is a good reason for refinancing mortgage?
Mortgage refinancing can become a good option when you are facing foreclosure. Of course you have to make sure that you consult your realtor or lender first before doing any actions in relation to your mortgage refinancing plans.
Where can one find information on mortgage refinance cost?
There are many sources of information on refinancing. Financial advisers would be a good option. The government has a site called Federal Serve that has a section on information about refinancing. Even the refinancing companies would be good places to look for information about the refinancing costs.
What are the alternatives to filing for bankruptcy?
One option to avoid filing bankruptcy is to simply do nothing. If one has no income and no assets, they are considered "judgement proof" and typically creditors will not file legal action against them as there is nothing for the creditors to recover. Other alternatives include informal or formal negotiations with one's creditors, consolidating debt, or restructuring debt (essentially refinancing the original loan).
What are the alternatives to filing bankruptcy?
One option to avoid filing bankruptcy is to simply do nothing. If one has no income and no assets, they are considered "judgement proof" and typically creditors will not file legal action against them as there is nothing for the creditors to recover. Other alternatives include informal or formal negotiations with one's creditors, consolidating debt, or restructuring debt (essentially refinancing the original loan).
How often should I consider safely breeding my Siamese cats?
You should not consider breeding your Siamese cats on your own but hiring a safe breeder is always an option.
What homes have the option of refinancing in the UK?
Home that have equity in them and who have homeowners with good credit have the option to refinance in the UK to receive a better rate than they currently have.
