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No. If the primary borrower's credit rating has improved and you go back to the original lender, you MAY be able to refinance without many of the usual closing costs.

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17y ago

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Related Questions

Is there a way to remove a co-signer from a mortgage without refinancing by using a quitclaim deed?

No.No.No.No.


Can you remove a co-signer without the co-signer's knowledge?

A cosigner can only be removed from a loan through refinancing of the original agreement.


How can I remove PMI without refinancing my mortgage?

To remove PMI without refinancing your mortgage, you can request a PMI cancellation once you have reached 20 equity in your home. This typically involves making extra payments towards your principal balance or getting a new appraisal to show the increased value of your home.


How can I remove my PMI without refinancing my mortgage?

To remove PMI without refinancing your mortgage, you can request a PMI cancellation once you have reached 20 equity in your home. This typically involves making extra payments towards your principal balance or getting a new appraisal to show the increased value of your home.


Is it possible to remove PMI without refinancing?

Yes, it is possible to remove Private Mortgage Insurance (PMI) without refinancing by requesting its cancellation once you have reached a certain threshold of equity in your home, typically 20. This can be achieved by making additional payments towards your mortgage principal or through home value appreciation.


How do you remove cosigner from private students loans?

Refinancing in your name, if you have credit, is one easy way to do this.


Will refinancing a car loan under the primary borrower's name remove the cosigner from the loan obligation?

Yes.


Will refinancing your mortgage remove the mortgage insurance from your loan?

Actually, you may not have to go as far as refinancing to remove the mortgage insurance. If you have paid down the principle and have equity, you may have reached the percentage where your lender does not require mortgage insurance. Check with your lender and read your note to see where you stand.


How do you remove spouse from mortgage if divorcing?

The only way to remove your spouse is by refinancing the mortgage. Your attorney may be able to assist you in negotiating with the bank.


How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?

The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.


Is it possible to remove FHA mortgage insurance from a loan?

Yes, it is possible to remove FHA mortgage insurance from a loan, but it typically requires refinancing the loan into a conventional mortgage once you have built enough equity in the property.


If the cosigner is refusing to refinance or pay the auto loan off how could the primary person on the auto loan remove his or her name?

They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.