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What else can I help you with?
Where can one find an interest only mortgage refinance calculator?
There is a website called Bankrate that has an interest only mortgage refinance calculator. Just enter in your info such as the loan amount and the rest is easy.
Who refinances mortgages for interest only?
One will refinance a mortgage for interest only if one decides it is the right time to do so. It is the loan taker who decides whether it is the right time or not.
Can you refinance a car loan?
Even the most experienced of borrowers and financial mavens may not realize that the term "refinance," commonly used in conjunction with home mortgages and lenders, can also be applied to car loans. More importantly, yes, you can refinance your car loan in an effort to get yourself a better interest rate, a lower monthly payment, or possibly both. The only thing that is essential is that most lenders will require that you don't have an upside down auto loan (owing more than the vehicle is worth). If you do decide refinancing your auto loan is not the right choice for you, consider paying off your loan quicker, which will essentially reduce your interest rate.
Can a co-borrower get off the loan?
The only way for a co-borrower to get off a loan is to refinance that loan, and do not include yourself in the refinance process.
How can one refinance interest only mortgages?
One can refinance interest only mortgages through various means. GuideToLenders offers advice on which mortgages to refinance. It's recommended to only refinance your mortgage once.
Where can one find an interest only mortgage refinance calculator?
There is a website called Bankrate that has an interest only mortgage refinance calculator. Just enter in your info such as the loan amount and the rest is easy.
Who refinances mortgages for interest only?
One will refinance a mortgage for interest only if one decides it is the right time to do so. It is the loan taker who decides whether it is the right time or not.
Can you refinance a car loan?
Even the most experienced of borrowers and financial mavens may not realize that the term "refinance," commonly used in conjunction with home mortgages and lenders, can also be applied to car loans. More importantly, yes, you can refinance your car loan in an effort to get yourself a better interest rate, a lower monthly payment, or possibly both. The only thing that is essential is that most lenders will require that you don't have an upside down auto loan (owing more than the vehicle is worth). If you do decide refinancing your auto loan is not the right choice for you, consider paying off your loan quicker, which will essentially reduce your interest rate.
Can a co-borrower get off the loan?
The only way for a co-borrower to get off a loan is to refinance that loan, and do not include yourself in the refinance process.
How can one refinance interest only mortgages?
One can refinance interest only mortgages through various means. GuideToLenders offers advice on which mortgages to refinance. It's recommended to only refinance your mortgage once.
Is cash out refinance a wise choice?
A cash out refinance is a wise choice only if you can get it for a lower interest rate than your current mortgage. Otherwise, a home equity loan would be the wiser choice.
What if you don't refinance after a 5 yr interest only loan?
If you do not finance when the loan term ends, you risk foreclosure. You basically owe the bank the entire loan balance at the end of the 5 years. Some interest only loans have a provision in the contract dealing with means of avoiding foreclosure, such as automatically converting you to a fixed rate loan with really evil terms.
Can your cosigner refinance your car without your permission?
No. As the one who originally took out the loan, they cannot refinance your car loan without your permission. The only thing they can do (and have to do) is to pay your payments if you default on the loan.
Is there any help for people with underwater mortgage and an interest only loan?
Unfortunately you are pretty much out of luck. You have no equity in your house to refinance against and your interest-only loan is about to become an interest-plus-principal loan. I would recommend talking to your bank or financing institution and see what options are available. If you can continue to make payments, you should probably ride it out and wait for the housing market to recover.
What happens when you refinance your car?
Just like everything else ... you still make monthly payments just like before, only perhaps your interest rate will now be lowered. You must, however, do this refinance with the present loan agency with whom you have been dealing with.
What is an auto loan early payoff?
When you buy a car they base your monthly payment on the principle plus interest accrual for the entire length of the loan. If you decide to pay the loan off early they will recalculate your total based on interest accrual only up to the date of payment.
Where do I apply for a home loan modification refinance?
You need to contact your current mortgage lender to apply for this type of refinance. Since it is only a modification of a current loan, they will need to be the ones you go through.
