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Home Refinance Book Homepage
Reliable Home Refinance information
Can we refinance mortgage into only one spouse's name? Please help...Thanks!?
My husband and I have a current mortgage and 2nd mortgage in both of our names. I am now a stay at home mom with no income. My husband has good credit and a decent income. I think he would qualify loan to income ratio wise.I have OK credit and a lot of credit card debt in my name only which is how I paid for college.Is there any reason we can't refinance both mortages into one in his name only? I plan to start my own business and would like to keep my debt down as much as possible. Is this a feasible good idea? If so, would I have to quitclaim the house to him before we apply for the mortgage loan? Would we need to explain to the bank why we are doing this or would it matter?Thanks for your help.
Best bank to refinance mortgage?
what would be the best bak of choice to refinance my mortgage?
Appraisal to refinance mortgage for a home remodel, any tips?
I am having my home appraised Thursday. Other than tidying the place up is there anything I can do to help elevate the appraisal? Does an appraiser physically check the house like a home inspector? Do they verify that all appliances are working? Are they climbing on the roof etc? Thanks
Which is better to refinance mortgage when value of house if lower or higher?
We are currently on a 5.5 % Fixed rate on our Mortgage. We purchased our house last year for 195,000. I believe the worth of our house is around 150, 000. Some people tell me it's better to refinance it when the value of the house is lower than your purchase price. Some people told me it's better to refinance when the value of the house goes higher, so you can get money in your pocket for the difference. I still do not understand which is right. Of course, we also want to get a lower rate, but my main question is when? When House value is lower or higher? Please help me understand. Thanks
Anyone know of refinance mortgage rates of 4.5% or -?
Colorado Resident.Thanks
Can a co-signer help get a lower rate for your refinance mortgage?
When should one switch refinance mortgage companies?
Is it wise to refinance mortgage every few years?
I was just thinking, our mortgage is $450k and we are paying a variable interest rate of 5.59 %.We are 3 years into a 30 year loan and have paid it down to $392k.Does it make sense to refinance the mortgage every few years, ie when it gets to say, $350k, refinance & go get a new loan for $350k because the monthly minimum repayments will be much lower, and then again at say, $250k, $150k etc etc.Obviously we would keep paying as much as we could afford per month ie more than the minimum and get it paid off quicker.I hope this question makes sense
Can i cancel my refinance mortgage application if the apprasial hasn't even been done yet? ?
I applied to refinance my house and locked in the rate. An appraisal hasn't been done yet but the rate has dropped 0.5 % so do you think i can cancel my application and go with another lender? Will that hurt my credit ? Thanks
What paper work is required to refinance mortgage?
Can a refinanced mortgage be forgiven and non taxed if insolvent?
We relocated a couple of years ago and could not sell our home after we relocated. We still have that home and can not sell it for the mortgage amount we owe on it. We have been able to rent it but at a huge monthly loss, and we now have come to our end with nothing left in any bank account... no savings, no 401 K left, only one poor vehicle, and most of our possessions have been sold off to keep afloat over the two years. Our Realtor has suggested a short sale and is speaking with our mortgage company about this. My question is this Can the forgiven amount in a short sale still be non taxed even if the mortgage on that home had been refinanced at an earlier time? I read that a loan forgiveness on a mortgage that has been refinanced might possibly be handled differently than a mortgage forgiveness on a mortgage that has been refinanced. The house that we are looking at for a short sale is located in Virginia and we did refinance earlier on.Can anyone help with info?
5year fixed rate refinanced mortgage, must it pay an interest?
my mortgage term is 25 years. for the first 5 years I've payed what I belive is mostly interest.now, when I refinance do I also have to pay most of the interest within the first 5 years?
Take cash out NOW on a refinanced mortgage or wait and borrow the money when needed?
My sister and her husband are going to refinance at 5.6 % fixed. Should they also take out cash to cover future expenses next 6 years eg. new car, kids braces, emergencies etc.??
Should I cosign a refinanced mortgage with father in law when I have bad credit?
We live in CA. I live with my father in law and we are in need to apply for refinance w cash out. However, he is retired, has excellent credit, but only makes about $50k a year with combined pensions and social security. The bank was only willing to give him $350k and we actually need $390k. They said the only way they'd allow him the $390k is if I cosign. I have terrible terrible credit a couple of car repos, late payments, behind on taxes, etc... . The bank told him they would just really like my income there I make $60k a year , but I'm afraid if I cosign for him, it would only hurt his chances for a loan. By the way the house is worth about $550k in the current market.Thanks for your feedback.We live in CA. I live with my father in law and we are in need to apply for refinance w cash out. However, he is retired, has excellent credit, but only makes about $50k a year with combined pensions and social security. The bank was only willing to give him $350k and we actually need $390k. They said the only way they'd allow him the $390k is if I cosign. I have terrible terrible credit a couple of car repos, late payments, behind on taxes, etc... . The bank told him they would just really like my income there I make $60k a year , but I'm afraid if I cosign for him, it would only hurt his chances for a loan. By the way the house is worth about $550k in the current market.Thanks for your feedbacketa Thanks for the replies. Another question. I really don't want to explain my situation to him unless I really need to. Can the bank s discuss my information with him without my consent?
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