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You can start by going to http://freehomerefi.com They work with all credit scores and offer home mortgage refinancing with no fees and no points. They are not the lender but they work to find a lender that can help you with your situation. I hope this information is helpful. You are probably looking for an FHA loan. Many companies charge you when doing an FHA mortgage but this company does not charge anything!
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Can you refinance your house after being dismissed from chapter 13?
Do you mean dismissed?? or discharged?? Dismissed--you didn't do the bankruptcy and there are credit problems. You could possibly refi depending on your scores--You will need scores 500 and above and EQUITY in the property in order to refinance. Most times if the lender will refi--it is usually at 75% LTV (loan to value). In other words, the lender will only use up to 75% of the value--no more. Discharged-- usually it takes 2 years before a lender will refi the loan. Although again there are lenders that will depending on scores, downpayment money and the explanation as to what happened.
What are the features of the Refi home loan?
Some of the features of the Refi home loan are very advantageous to people. They include being able to find a better deal on interest rates. As well, the application process is generally quicker.
What rate can I get for refinancing my home Have good FICA and good credit.?
Ask for a mortgage loan officer referral from your realtor or banker in your area. They will be your best source of refi info.
If you did a loan modification on your mortgage do you qualify for the first time homeowner tax credit?
No, the tax credit only applies if you purchase your first home in the specified time period. A refi or modification would not count as a purchase.
Would refinancing my auto loan be a good idea if I can not afford the payments/?
Refi of an auto loan can help to lower montly payments. You can get a lower rate if you refi with a lower interest rate.
Is there any way to remove a co-borrower's name from the loan if he doesn't live in the house or pay for the house?
The only way is to refi them off of the loan.
How do you turn a loan into what is considered cash for a foreclosed purchase?
This is a very broad question. Here are a couple of general answers. First you can refinance the home after it has been purchased for a "refi-cash out" loan. Equity in the home can be given to you up front and you just finance the upfront money it into your home loan. This is also done as a second and third lien on your mortgage. There are many loan guidelines for this to happen. You will need lots of equity in the house, along with good credit. Another way is to buy the home, fix it up and sell for a profit. Could be adding more square foot as well. Pretty general. Just be careful of any prepayments you have on the lien.
Does banker have right to search your credit when not a coborrower on spouses refi of 85k rental home I have a 7 year old discharged bankruptcy but a 729 score and not working and he 855 with 95k year?
sounds like he is the borrower. You can not be a borrower without income. You can be on the titlewithout income you should not be on the loan. The bank has to check just his credit with just his income . thanks John d the mortgage man
You co signed a car loan for one of your children which payments are not being made do you owe the debt?
Yes. Anytime you co-sign for a loan you are held equally responsible for the debt as the primary borrower. Either you should try to account for the payments so your credit isn't majorly impacted, or depending on how long they've had the loan they may be able to refi the loan to have your name removed.
If you don't have enough equity in your home for your chapter 13 payoff can you refi anyway?
You would need permission from the trustee of the Bankruptcy to apply for a loan. I don't think any lender will allow you to refi under a bankruptcy unless you are NOT planning to cash out what equity you have in your house. For example, if you are trying to reduce your interest rate, it is possible that a trustee will grant you this privilege. For more information about mortgage, take a look at Phil Turner's Credit Bible, you may find valuable information to assist. You would need permission from the trustee of the Bankruptcy to apply for a loan. I don't think any lender will allow you to refi under a bankruptcy unless you are NOT planning to cash out what equity you have in your house. For example, if you are trying to reduce your interest rate, it is possible that a trustee will grant you this privilege. For more information about mortgage, take a look at Phil Turner's Credit Bible, you may find valuable information to assist.
How can you get your name off a loan when you're divorced and signed a quit claim deed?
You would have to refi to get your name off of the mortgage.
Signed a car loan for son who is not paying on time and is ruining credit rating how can he get his own loan even with his bad credit?
Unless he's creditworthy enough to get a loan, he probably won't be able to get one on his own, unless his credit is so so and the loan amount isn't that much, but remember a bank won't refi anything that's less than about 7,500 bucks.Your biggest concern here should be that he's already been paying late, the bank is probably going to be reluctant to switch it out of your name now, especially if he's less creditworty than yourself and the loan is starting to default.-Hope that helped a bit
