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Can you refinance first and second mortgage without any equity and a chapter 7 discharge?
If you have zero equity (both loans combined and individually are more than the home value) then the only option available is to seek refinance or modification options with your existing lender. Since they already own the risk, they don't assume further risk for working with the "underwater" property. No new lender will be able to finance a home without equity regardless of CH7 status. Equity aside, most lenders require 2 years to have passed from the CH7 discharge date.
What else can I help you with?
Is it possible to refinance a mortgage without requiring an appraisal?
Yes, it is possible to refinance a mortgage without requiring an appraisal through certain programs such as the FHA Streamline Refinance or the VA Interest Rate Reduction Refinance Loan (IRRRL). These programs allow for refinancing without a new appraisal under certain conditions.
How do you get your ex off of the mortgage without refinancing?
You can't. You must refinance.
How can I refinance my mortgage without a job?
get a job u lazy heffer
Is it possible for my mortgage company to lower my interest rate without requiring me to refinance?
Yes, it is possible for your mortgage company to lower your interest rate without requiring you to refinance through a process called a loan modification.
If your wife is in a Chapter 13 plan and is the borrower on the mortgage can the husband apply for a refinance loan to pay off the first mortgage?
Yes! The only thing is the chapter 13 will have to be discharged at closing. Depending on how long she has been in the bankruptcy, this may not be a big hassle. It is impossible to refinance a home in a chapter 13 without the BK being discharged. For more information, please feel free to email me at Travis.Fleury@gmail.com. I work for one of the largest direct private mortgage lenders in the country, i'd be glad to help answer any other questions.
Is it possible to refinance a mortgage without requiring an appraisal?
Yes, it is possible to refinance a mortgage without requiring an appraisal through certain programs such as the FHA Streamline Refinance or the VA Interest Rate Reduction Refinance Loan (IRRRL). These programs allow for refinancing without a new appraisal under certain conditions.
How do you get your ex off of the mortgage without refinancing?
You can't. You must refinance.
How can I refinance my mortgage without a job?
get a job u lazy heffer
Is it possible for my mortgage company to lower my interest rate without requiring me to refinance?
Yes, it is possible for your mortgage company to lower your interest rate without requiring you to refinance through a process called a loan modification.
If your wife is in a Chapter 13 plan and is the borrower on the mortgage can the husband apply for a refinance loan to pay off the first mortgage?
Yes! The only thing is the chapter 13 will have to be discharged at closing. Depending on how long she has been in the bankruptcy, this may not be a big hassle. It is impossible to refinance a home in a chapter 13 without the BK being discharged. For more information, please feel free to email me at Travis.Fleury@gmail.com. I work for one of the largest direct private mortgage lenders in the country, i'd be glad to help answer any other questions.
How can I refinance my home without equity?
To refinance your home without equity, you can explore options such as a cash-out refinance, a home equity loan, or a government-backed program like the FHA Streamline Refinance. These options may allow you to refinance your mortgage even if you don't have significant equity in your home.
How do you remove someone as a co-borrower on a mortgage?
Refinance the lending agreement without the person's being a participant.
I want to refinance and pay down my existing mortgage by nearly half, in order to make my monthly payments smaller. Can I do this with a "no cost" refinance and not borrowing any money in the refinance?
I think if you can effort for it you can have a refinance without borrowing the money.
If I choose to refinance my first mortgage, will it have an effect on my second mortgage for the same property?
Yes it usually does. Most often you can not refinance unless you pull both mortgages into one and you can't do that without equity. My parents have this problem now.
Can a cosigner be removed from mortgage loan?
No. The loan must be paid off and you must refinance without the co-signer.
Has anyone applied for refinance with American Home Mortgage?
yes we did in April of 2007. We have numerous of questions without answers, can you help?
How can I terminate my ex-partner's obligation on a mortgage loan without removing him from the mortgage loan as I won't be approved for a refinance if I have sole responsibility for the loan?
No you can not. The best you can do is take him off the deed by having him sign a quick claim deed. You will need to qualify for a refinance to get him off the loan.
