Home Equity and Refinancing

Should you let them take the car if you are trying to refinance your home?

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Wiki User
2015-07-17 17:29:37
2015-07-17 17:29:37

"TRYING" to refinance your home is NOT the same as "I will have the money in 3 days. You should have refinanced your home home 90 days ago so you wouldn't be in default on your car loan.

You're right. I know. And I learned my lesson.

However, I am lucky the bank and the repo company did some unethical things. An email at 5:00 a.m. to the CEO and a few other higher ups got me back on the road by 10:20 a.m.

I learned a lot about the law, my rights AND my responsibilities this week!

Congratulations about not being too old to learn. Glad you got it worked out.

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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 - Cached

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Before a homeowner refinances a home, they should consider how much less a mortgage payment will be after a refinance. They should also consider the differences between a fixed rate mortgage and an ARM mortgage rate. These factors can dictate how long it will take to repay a mortgage.

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You cannot refinance and take a cash-out refinance unless you still have 80% equity in the home at its current value.

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Some advantages of using equity to refinance is that one can take a small amount from their equity to pay off other bills or to refinance ones mortgage. One can also use ones home equity to make home improvements.

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You should take it to the vet instead of trying to do it at home.

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