This is if I am on title, credit scores are similar. Is there some sort of addendum that can be done like when you take over payments of a car note.
Posts Tagged ‘Loan’
Which would be better for us, taking out a home equity loan or refinancing?
19
Aug
My husband and I want to take about $15,000 to pay off debt and renovate our home, which we just purchased last July. Our current interest rate is 7.25% and we owe about 65k on our home that appraised at 100k. The problem is that our credit is not great and not well established. Which would be the best option for us, home equity loan or refinance?
Share ideas on refinancing 2nd loan Home Equity Line of Credit?
13
Aug
Existing mortgage: 80-20. No equity. 1 year since purchase. 2nd loan home equity line of credit has variable APR. Please share ideas to refinance 2nd loan and also consolidate other loan.
Why is it so hard to obtain a Veterans loan for home refinancing in Mass?
06
Aug
My husband who is a US Navy veteran cannot find a bank or a mortgage company that is willing to refinance our home without a problem or a scam. Where else can he turn for help?
Refinancing home loan?
31
Jul
A friend and I have purchased a house about a year ago. We went in 50/50. We were informed that our interest rate has lowered and we are eligible to refinance the loan. My question is, I would like to move back home and allow my friends girlfriend to take my place on the mortgage so I can be free of the financial burden of the house and move, first, is this an actual option for me, and secondly, is there a buyout payment that I should be asking for? Thanks, hope I made sense.
refinancing a principle loan, but not home equity loan, why would we have to pay a subordination fee?
18
Jul
Why do you pay a subordination fee when refinancing, when your refinance does not include your home equity loan?
What is the difference between affordable home loan modification and refinancing.?
04
Jul
Does loan modification cost me more than loan refinancing. Is the loan provider interested in doing loan modification.
How does home equity loan qualification works if you have bad credit? ?
09
Jun
My credit isn’t perfect and I want to get a home equity loan. What are the qualifications? What lenders look at if you have bad credit? How can i increase the chances of getting one, without waiting for credit to go up?
Would appreciate if you can answers even one question. I am desparate for good information. Thanks!
is it possible to get a new home loan with a credit score of like a 350?
09
Jun
i know someone who has a really low credit scre thats like in the 300-400 range and they really need to get a home loan is it even possible for them to get one in the next month without having to pay off all there debt at once?
My tax value on my home has increased. Should I refinance my first loan and add the home equity loan?
08
Jun
We relocated and purchased our home about a year and 7 months ago in an area that was more expensive than we were coming from. The purchase price was $239,000, we put down $14,000, and took a home equity loan of $34,000 to finance the rest of the purchase price and to avoid PMI. I recently submitted a question about whether or not to start paying down the first mortgage or the home equity loan, and got great advice, but I am wondering now that my tax value of my home has increased in January from $200,000 to $279,000 due to reassessment, (I know it wouldn’t sell for that now because we recently had comparables done in January), would I save money by refinancing my first mortgage and adding in the home equity loan so the total amount has a lower interest rate? My husband thinks we have to wait 2 years before we can refinance, and I’m not sure about that, but that would be this July. My goal is to pay off our house as soon as possible.
When each bank runs your credit for a home loan, does your score go down?
08
Jun
When each bank runs your credit for a home loan, does your score go down?
Pretty straight forward
I’m looking at buying a first home and was going to shop rates from several banks. Someone told me that when the banks run your report that your credit score goes down because of it.
Is that true? and by how much?
thanks
Can I afford this monthly home loan payment based on my salary?
08
Jun
Hi.
I have got a Good Faith Estimate from lender who agreed to loan me the money. The paperwork indicates that my monthly payment is $1910 including principle, interest rate, insurance and tax. My pre-tax annual income is $95,000.
My question is: Shall I go for it? Is $1910/month too high for me? What is my debt to income ratio? Is the ratio good enough for me to apply for the loan?
I love the house a lot and I am debt free. My credit score is close to 800.
Thanks a lot!
Can a bank finance a home loan more than what it appraises for? meaning the actual cost to build the house?
08
Jun
If i have a contractor build a house, and it costa $300K to build. But the bank comes and has it appraised for $260K because of the area and the current market, is there a way or a bank that will approve and give a loan for the actual $300K that the custom home is built for and not the low $260K?