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Can you refinance a first mortgage without paying off an existing home equity line of credit?
Typically you can refinance the a Primary Mortgage without refinancing the second line of credit or equity loan. It will require a subordinaion agreement by the lien holder of the line of credit. They will require several documents from new Primary Mortgage Holder to be. They will need things like a copy of the appraisal, application for the loan etc... They will most likely require a payment to process the agreement usually around 100-200 dollars. The subordination agreement usually takes about 2 weeks to complete with most lenders. Loan to Value will be a concern for this.
What else can I help you with?
How can I refinance my mortgage through a credit union?
To refinance your mortgage through a credit union, you can start by contacting the credit union and inquiring about their mortgage refinancing options. They will guide you through the application process, which typically involves submitting financial documents and undergoing a credit check. If approved, the credit union will offer you a new loan with better terms to replace your existing mortgage.
How can I refinance my existing mortgage?
To refinance your existing mortgage, you can start by researching different lenders and comparing their offers. Once you've chosen a lender, you'll need to submit an application and provide documentation such as income verification and credit history. The lender will then assess your application and if approved, you can proceed with closing the new loan and paying off your existing mortgage.
Where is it possible to refinance a home mortgage if someone has bad credit?
There are many places a person can go to refinance a home mortgage if they have bad credit. Bad Credit OK and Quicken Loans are two websites a person can use to help refinance their home mortgage.
How can I refinance my mortgage?
To refinance your mortgage, you can start by comparing offers from different lenders, gathering necessary documents like income statements and credit reports, and submitting an application to the chosen lender. If approved, you can then close the new loan and use it to pay off your existing mortgage.
How can you refinance your home mortgage?
To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.
How can I refinance my mortgage through a credit union?
To refinance your mortgage through a credit union, you can start by contacting the credit union and inquiring about their mortgage refinancing options. They will guide you through the application process, which typically involves submitting financial documents and undergoing a credit check. If approved, the credit union will offer you a new loan with better terms to replace your existing mortgage.
What is reverse mortgage refinance?
It is where you have a Mortgage and you have improved your credit you can refinance to lower you monthly bill.
How can I refinance my existing mortgage?
To refinance your existing mortgage, you can start by researching different lenders and comparing their offers. Once you've chosen a lender, you'll need to submit an application and provide documentation such as income verification and credit history. The lender will then assess your application and if approved, you can proceed with closing the new loan and paying off your existing mortgage.
Is a mortgage discharged when renewing mortgage?
If you refinance your mortgage, the attorney representing the bank will use the proceeds of the new mortgage to pay off the existing mortgage and a discharge of that mortgage should be recorded in the land records. You must make certain you ask that question at the closing before you sign anything.
Where is it possible to refinance a home mortgage if someone has bad credit?
There are many places a person can go to refinance a home mortgage if they have bad credit. Bad Credit OK and Quicken Loans are two websites a person can use to help refinance their home mortgage.
How can I refinance my mortgage?
To refinance your mortgage, you can start by comparing offers from different lenders, gathering necessary documents like income statements and credit reports, and submitting an application to the chosen lender. If approved, you can then close the new loan and use it to pay off your existing mortgage.
Can I refinance my mortgage rate?
Currently mortagage rates are running less than 5%. If you have a good credit rating you should be able to apply for a refinance of your existing loan and get a lower rate.
How can you refinance your home mortgage?
To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.
How can I refinance my home mortgage?
To refinance your home mortgage, you can start by comparing offers from different lenders, gathering necessary documents like income statements and credit reports, and submitting an application to the lender of your choice. If approved, you can then close the new loan and use the funds to pay off your existing mortgage.
How can I refinance my mortgage loan?
To refinance your mortgage loan, you can start by comparing offers from different lenders, gathering necessary documents like income statements and credit reports, and submitting an application to the lender of your choice. If approved, you can then close on the new loan and use the funds to pay off your existing mortgage.
What are some names of mortgage refinance companies?
Mortgage refinance companies include Freddie Mac, Pacific Credit Union, Federal Credit Union, Affinity Credit Union, Amegy Bank and Hartwick State Bank.
How can I refinance a mortgage with a bad credit?
One can refinance a mortgage with a bad credit by thinking in advance. You can do this by working at improving your situation, and then when it is time to refinance you can show that you have made an honest effort to improve it. You can find more ways to do this at a website called RefinanceMortgageSite.
