The only bank I know of that allows you to do that is DCU which is a Massachusetts bank. So I know it can be done.
One can go to the debtor to pay the debt off. To refinance debt and reduce the interest rate being paid, one can refinance one's debts. For this, it is best to talk to one's bank.
The biggest benefit of auto refinance is that it can allow you lower monthly car payments. Auto refinance can give you a better interest rate on your car loan, which can be extremely beneficial in saving you money on paying your car off.
NO. You no longer have collateral to secure the loan. Unless you are willing to use real estate or another vehicle that is fully paid off and owned for security.
In order to refinance your car loan you need to have good enough credit to refinance in your own name and pay off the prior loan. If you pay off the prior loan you don't need to know the co-signer's whereabouts.
The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.
No. The loan must be paid off and you must refinance without the co-signer.
The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.
If you trade-in a car that Not paid off, you will be trouble with the law.
This is the decision of the bank. But it is very likely as a judgment is a black mark on your record. It is also likely if you have good credit otherwise and the refinance is to pay off the judgment it will not hurt your chances.
If the car is fully paid for, you get their notarized signature on the back of the title and re-register the car. If there is a loan on the car, you would have to refinance and the person would have to sign a quit claim. However, you can also call your local DMV to get the specific information for your location.
You mortgage the home. The process is similar to a refinance, but you do not have a lender that will be paid off. Therefore it is automatically a "cash out" refinance mortgage.
Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.