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Answered 2013-07-31 10:01:22

A homeowner needs to apply for a refinance in order to refinance their mortgage. Various documents comprise the application, and the process isn't the shortest one around. Banks can decline a refinance application, though.

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I think you probably can get home equity with mortgage refinance debt consolidation. You will need to sit down with your lender in order to get the refinance done. It's almost like applying for a mortgage all over again.


To refinance a mortgage could be done through the different banks. They can also be done through mortgage lenders and brokers. These can be found on line or finance company's on the general high street.


The fastest way to refinance your mortgage would be to contact your current mortgage company. Since they already have all your property information, they may be able to help you get this done quickly.


No-cost mortgage refinance refers to a situation where a borrower pays no closing costs on a mortgage that is refinanced. Typically, this is done because the new lender will pay the original lender the closing costs, and will still make a profit at the lower mortgage rate.


Generally mortgage can be refinanced but only if you are looking to reduce mortgage payments, as it can be done at lower interest rate. Actually if you want to make a multiple refinance then it will definitely reduce your overall financial profit. Penalty checking is the major factor in mortgage refinancing.


Probably not, check your mortgage for what can be done with the property. Lenders do not like property encumbered with life estates.


He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.


The marriage is no problem, however the new spouse is not protected in the reverse mortgage unless a refinance is done into both of their names. As a result if the borrower passes away the new spouse will have 6 months to sell the property or refinance it... or to turn it over to the lender.


Mortgage refinancing can be done more then once. When looking to refinance your home loan make sure the closing costs don't offset the possible saving of the lower interest rate offered.


When a person refinances their home loan they should thoroughly understand the pros and cons of the process. If a home refinance is done correctly it can help a person save a lot of money. Follow these tips to get the best refinance available: -First a person should determine if refinancing their home loan is going to be beneficial. Using refinance loan calculators is a wonderful way at beginning to see if refinancing is a smart option. -Learning how to choose a good mortgage broker is of course an important element of receiving a successful refinance loan. The best brokers tend to follow certain practices that make it easy for a person to determine if they are worth beginning the finance process with. -Understanding the differences between mortgage refinance loans is a must when opting between refinance loans. Each different refinance loan has different purposes in mind, so it is best for a person to identify what their needs are for receiving a refinanced home loan.


Home appraisals are usually done when attempting to get a mortgage or to refinance an existing mortgage. The bank contracts with a home appraiser, charging the consumer a slight fee. The appraiser takes an objective look at the home to determine the actual value.


This matter should be addressed in your separation agreement and your attorney should handle it. Your transfer of your interest and his refinance should be done at the same time under the supervision of your attorney. You should not transfer your interest to him as long as there is an outstanding mortgage with your name on it. Your attorney should make certain the outstanding mortgage is discharged as part of the transaction.


Many consumers struggle with knowing the best time for them to refinance their loans. Using a refinance calculator about every six months can help you decide if refinancing is in your best interest. It is a good idea to refinance a mortgage or auto loan if the interest rate you will be charged is significantly lower than your current rate. Refinancing helps to lower your monthly payment, but people are often charged fees when they refinance, so it should not be done unless the payment will be significantly lower after any fees are paid.


You are still likely to have a foreclosure problem, since the collateral is your house. You need to get more information about what can be done. These days, you may be able to refinance into one loan, even if you are underwater. At the new rate, you may be able to afford your payments.


Mortgage refinancing in Jacksonville can be done at any local bank. Refinancing can also be done at mortgage refinancing specific places such as Jacksonville Mortgage and American Equity Mortgage.


If you are simply looking to change title then you do not need to refinance, a lawyer can help you do this. If you are looking to possibly lower your rate, get cash out from the property or to change the term of the mortgage, then you can do a refinance and at the same time remove your friend from title. If you need any further help or information please feel free to contact me, I am a Mortgage Loan Officer and service over 20 states. Thank You, Edward David Sr. Loan Officer 347-254-8311 EdwardDavidNY@Yahoo.com


Yes, If the house was given to you in the divorcee. You will also need to have a quick claim deed done and he will need to sign it. Both mortgages will have to be included in the refi, because they are both tied to the property.


Refinance California is where the state of California is in such great debt that something must be done to get the state back to the standards that are expected of it.


There should be an assignment on record in the land records. The foreclosure must be done by the mortgage holder of record.If the mortgage was assigned by a written and recorded assignment the foreclosure must be done by the assignee.There should be an assignment on record in the land records. The foreclosure must be done by the mortgage holder of record.If the mortgage was assigned by a written and recorded assignment the foreclosure must be done by the assignee.There should be an assignment on record in the land records. The foreclosure must be done by the mortgage holder of record.If the mortgage was assigned by a written and recorded assignment the foreclosure must be done by the assignee.There should be an assignment on record in the land records. The foreclosure must be done by the mortgage holder of record.If the mortgage was assigned by a written and recorded assignment the foreclosure must be done by the assignee.


No, signing a quit claim deed alone will not take a co-borrower off the mortgage that both borrowers signed. The mortgage is owned by the bank and only the bank can release one signer from the mortgage obligation. That is done rarely. Generally, the one who will keep the real estate must refinance and pay off the prior mortgage to release the co-signer.


for a thirty year fixed mortgage in Texas the refinance loan interest rate is currently 4.32% these rates change daily and if you want to take advantage of current low rates you need to consider doing a refinance soon. there are many other options as well and that may change interest rates and always keep in mind that rates can also change when a credit rating is done.


All parties named on the mortgage note must be in agreement to sell it in order to claim the proceeds from the sale. This should be done with the advice and council of an attorney.


It would be very difficult to get a mortgage with bad credit. A mortgage broker may be able to help, but in order to get a mortgage it is usually advisable to get a good credit rating by taking out small loans first.


Technically, yes, but the home equity line of credit is a lien against your home and will have to be paid off when you refinance the house. In reality, many people find that the unpaid balance on the HELOC, plus the unpaid balance on the original mortgage, exceeds the amount the bank will lend on the refinance. Before you apply for the refinance, just talk with your lender. They can probably walk you through the numbers on the phone and determine pretty quickly whether or not you have enough equity to refinance. If you bought your home several years ago, you may have to have an appraisal done to find out the maximum amount the bank will lend.


Yes, it is possible to refinance student loans. If done correctly, it can save you hundreds or even thousands of dollars when repaying your loan.



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