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What else can I help you with?
Can you refinance fha loan if your house is for sale?
Many lenders will not offer a loan if the property is actively being marketed for sale. Some require the property to be off the market for 3 months.
Is it better to short sale a house or refinance to get credit in good standing?
It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.
What lenders will refinance a house that is for sale?
Lenders will usually want to know the financial state of the buyers. Only in exceptional circumstances will a seller need to re-finance a house shortly before sale.
Does anyone know of a company that will refinance home if it was just for sale?
They won't refinance unless it is off the market. and even if you did get it refied. it would be at a sub prime rate which stinks.. that's been my issue been trying to sell my house and wasted time with lazy realtors had to do a couple refi's and the rates just kept getting worse.
Was a new law passed in Jan 2004 saying that you can not refinance your home if it was listed for sale within 6 months of the application?
I have been a mortgage originator for over 10 years and I am not aware that any such law exists. Different lenders have their own criteria but most would allow a refinance if the property has recently been listed for sale. They would merely require proof that it is no longer on the market and a letter explaining why it was listed for sale and why you took it off the market. I am being TOLD that we cannot refinance our home if it has recently been on the market. I was wondering what mortgage comapny that you work for so I might get refinanced?
Can you refinance fha loan if your house is for sale?
Many lenders will not offer a loan if the property is actively being marketed for sale. Some require the property to be off the market for 3 months.
Is it better to short sale a house or refinance to get credit in good standing?
It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.
Can you refinance a home listed for sale?
Some lenders do have programs that allow for a customer to perform a refinance if the house is on the market. You just need to call your local lender to see if they can help you. Another option, might be to work with your real estate agent to take the house off the market long enough to have an appraisal done on the residence SOS it gives it the appearance that the home is not on the market.
What lenders will refinance a house that is for sale?
Lenders will usually want to know the financial state of the buyers. Only in exceptional circumstances will a seller need to re-finance a house shortly before sale.
Does anyone know of a company that will refinance home if it was just for sale?
They won't refinance unless it is off the market. and even if you did get it refied. it would be at a sub prime rate which stinks.. that's been my issue been trying to sell my house and wasted time with lazy realtors had to do a couple refi's and the rates just kept getting worse.
Was a new law passed in Jan 2004 saying that you can not refinance your home if it was listed for sale within 6 months of the application?
I have been a mortgage originator for over 10 years and I am not aware that any such law exists. Different lenders have their own criteria but most would allow a refinance if the property has recently been listed for sale. They would merely require proof that it is no longer on the market and a letter explaining why it was listed for sale and why you took it off the market. I am being TOLD that we cannot refinance our home if it has recently been on the market. I was wondering what mortgage comapny that you work for so I might get refinanced?
What does it mean when a house says off the market?
It means that the owner of the house who wanted to sell the house has changed his mind due to one or more of many reasons and is not selling the house anymore and so has taken the house off the market. It is not for sale anymore.
What is supply and demand and how does it affect property prices?
Many buyers plus few houses available for sale means higher house prices - (a sellers market). Few buyers plus a surplus of houses for sale means lower house prices - (a buyers market).
How can one buy a vehicle with refinance money in the UK?
Once can purchase a vehicle with refinance money in the UK in a variety of ways. One can obtain the loan first, or refinance on the terms the dealership gives you on the day of sale.
Will a lender refinance a mortgage on a home that is listed for sale?
I do not know of a lender that will allow you to refinance a home that is actively listed for sale. There are several lenders that will allow a rate and term ( "No Cash Out" ) refinance the day after a home is removed from the MLS. There are a couple of lenders I work with that will allow a Cash-Out refinance the day after the home is removed from the MLS. Other important considerations that need addressed are * Is the home a primary residence / second home? * Is the property an investment property? * What is your intention for the property in the future? I frequently refinance homes that have just been taken off the active market. Please feel free to contact me if you have specific questions and I will be happy to assist you. Just Click on "TheMortgageExpert" link above. Jeff
How long after you take home off market can you refinance?
Hi In The UK the only time restriction is you cannot remortgage a property within 6 months of purachase or mortgaging it. If you are simply just taking it off the market from sale then the property is yours so there should be no issue.
What happens when a home is award to one person in a divorce but both are on the mortgage and the awardee cannot refinance due to income?
That depends on many factors. There is potential you will lose your house through forced sale. It is not a smart financial move for your ex-spouse to maintain a joint mortgage with you. Just because you were awarded the house is not a guarantee you will get to keep it, especially if the decree you signed stated you had to refinance.
