I want to refinance my mortgage but it's owner financed. Is that a problem? How would I start the process?
Q. I want to refinance but I have an owner financed mortgage. Can I it refinanced?
Asked by mary75862 - Fri Apr 10 00:14:17 2009 - - 6 Answers - 0 Comments
A. You'll have to look at the terms of your contract. If there is no prepayment penalty, then I'd say go for it. If there is, weigh out the difference in saved/lost. You should have had a term length for payment in full when you set up your contract, usually 2 year or more. If the person holding the mortgage currently is doing owner financing for profit, then they might want you to live out the term of the note. If they did it as an additional option to sell there home, they might love the idea of you refinancing and taking full legal possession of the property.
Answered by Tikalian - Fri Apr 10 02:25:29 2009
Q. I want to refinance but I have an owner financed mortgage. Can I it refinanced?
Asked by mary75862 - Fri Apr 10 00:14:17 2009 - - 6 Answers - 0 Comments
A. You'll have to look at the terms of your contract. If there is no prepayment penalty, then I'd say go for it. If there is, weigh out the difference in saved/lost. You should have had a term length for payment in full when you set up your contract, usually 2 year or more. If the person holding the mortgage currently is doing owner financing for profit, then they might want you to live out the term of the note. If they did it as an additional option to sell there home, they might love the idea of you refinancing and taking full legal possession of the property.
Answered by Tikalian - Fri Apr 10 02:25:29 2009
How many times can I refinance my vehicle?
Q. I refinanced back in December, is there a limit on how many times you can refinance. Trying to get my payments down.
Asked by houseofbrats03 - Mon Apr 17 16:44:01 2006 - - 1 Answers - 0 Comments
A. You can typically refinance as many times as you want, however each time you refinance, there are typically fees incurred, and your first few months will put hardly a dent in your principle. So if you constantly refinance, you'll end up owing more and more each time as the fees add up. However, to answer your question, as long as a bank/credit union is willing to refinance you, you can do it again.
Answered by hsueh001 - Mon Apr 17 16:51:19 2006
Q. I refinanced back in December, is there a limit on how many times you can refinance. Trying to get my payments down.
Asked by houseofbrats03 - Mon Apr 17 16:44:01 2006 - - 1 Answers - 0 Comments
A. You can typically refinance as many times as you want, however each time you refinance, there are typically fees incurred, and your first few months will put hardly a dent in your principle. So if you constantly refinance, you'll end up owing more and more each time as the fees add up. However, to answer your question, as long as a bank/credit union is willing to refinance you, you can do it again.
Answered by hsueh001 - Mon Apr 17 16:51:19 2006
Can you refinance while your home is on the market for sale?
Q. Our home has been on the market for a while now. We need to refinance to lower monthly payment. Can we refinance a home thats for sale?
Asked by MC - Wed Jun 28 13:26:14 2006 - - 5 Answers - 1 Comments
A. The answer is yes you can BUT the reality is that it is hard to find a lender that will refinance your loan knowing that at any minute your home could be sold and they will waiste their time and money. Most lenders will ask you to take the home off the market before you can refinance. Good luck!
Answered by SCCRealEstateUNCENSORED.com - Wed Jun 28 14:24:19 2006
Q. Our home has been on the market for a while now. We need to refinance to lower monthly payment. Can we refinance a home thats for sale?
Asked by MC - Wed Jun 28 13:26:14 2006 - - 5 Answers - 1 Comments
A. The answer is yes you can BUT the reality is that it is hard to find a lender that will refinance your loan knowing that at any minute your home could be sold and they will waiste their time and money. Most lenders will ask you to take the home off the market before you can refinance. Good luck!
Answered by SCCRealEstateUNCENSORED.com - Wed Jun 28 14:24:19 2006
Is it better to refinance a mortgage for a tax deduction or continue with my 15 year mortgage?
Q. I have 10 1/2 years left on a 15. Single, retired and no dependents.Pension(60,000 ) Does it make sense to refinance?
Asked by Cajun - Thu Sep 20 22:43:28 2007 - - 4 Answers - 0 Comments
A. Interest rates dropped to around 6.10% for a 30 year loan. What is your interest rate. Will you save money by refinancing? Your mortgage does not account for much of a deduction. You may want to stay the course.
Answered by forktonguebush - Thu Sep 20 22:50:15 2007
Q. I have 10 1/2 years left on a 15. Single, retired and no dependents.Pension(60,000 ) Does it make sense to refinance?
Asked by Cajun - Thu Sep 20 22:43:28 2007 - - 4 Answers - 0 Comments
A. Interest rates dropped to around 6.10% for a 30 year loan. What is your interest rate. Will you save money by refinancing? Your mortgage does not account for much of a deduction. You may want to stay the course.
Answered by forktonguebush - Thu Sep 20 22:50:15 2007
Can I refinance my home with a good credit score but not much credit?
Q. I started buying my home a year ago and I didn't have credit then so I bought an owner financed home that had 12% percent fixed loan, which is why I want to refinance. My credit score is 718 but I have very little credit activity because I have never had a credit card or anything, I usually just pay cash instead of making payments. Will I be able to refinance?
Asked by Jersey D - Wed Jan 7 22:47:36 2009 - - 2 Answers - 0 Comments
A. Yes, it's always easier to get a mortgage, cause you can't run off with the house. I'd just call your bank with who you have checking/savings accounts. They will most likely give you the fastest response. You may have to prove that you pay stuff on time, since you don't have credit cards you can ask your phone company to write a reference letter. Check with a bank they'll tell you what they need.
Answered by NT - Wed Jan 7 22:54:41 2009
Q. I started buying my home a year ago and I didn't have credit then so I bought an owner financed home that had 12% percent fixed loan, which is why I want to refinance. My credit score is 718 but I have very little credit activity because I have never had a credit card or anything, I usually just pay cash instead of making payments. Will I be able to refinance?
Asked by Jersey D - Wed Jan 7 22:47:36 2009 - - 2 Answers - 0 Comments
A. Yes, it's always easier to get a mortgage, cause you can't run off with the house. I'd just call your bank with who you have checking/savings accounts. They will most likely give you the fastest response. You may have to prove that you pay stuff on time, since you don't have credit cards you can ask your phone company to write a reference letter. Check with a bank they'll tell you what they need.
Answered by NT - Wed Jan 7 22:54:41 2009
Is it possible to refinance a home with bad credit and no job?
Q. Heres the situation. My mother is a homeowner and has poor credit and is not employed. The house is valued at $400,000+, the remaining balance to pay off is $260,00. She has been turned down a couple of times. So is it still possible for her to refinance or any other options? Thanks. Me and my sister still live at home and pay her monthly to cover the house payment and all bills. We just want to get a lower monthly payment and pay some debts.
Asked by infinite357 - Sat Jul 21 19:08:01 2007 - - 10 Answers - 1 Comments
A. Why would anyone loan money to someone with no job AND bad credit? Think!
Answered by shelcom - Sat Jul 21 19:55:26 2007
Q. Heres the situation. My mother is a homeowner and has poor credit and is not employed. The house is valued at $400,000+, the remaining balance to pay off is $260,00. She has been turned down a couple of times. So is it still possible for her to refinance or any other options? Thanks. Me and my sister still live at home and pay her monthly to cover the house payment and all bills. We just want to get a lower monthly payment and pay some debts.
Asked by infinite357 - Sat Jul 21 19:08:01 2007 - - 10 Answers - 1 Comments
A. Why would anyone loan money to someone with no job AND bad credit? Think!
Answered by shelcom - Sat Jul 21 19:55:26 2007
How to refinance a car with horrible credit and no equity?
Q. I have a brand new Ford Focus just bought it fresh off the floor and have a cosigner, but we need to refinance it now and have horrible bad credit. Can anyone help with how to refinance a car with bad credit and no equity?
Asked by S H - Tue Oct 21 20:30:22 2008 - - 1 Answers - 0 Comments
A. You just bought it and want to refinance it? Why did you buy it at all, then? The value dropped 20% as soon as you titled it. Unless you made a big down payment, it's not gonna happen.
Answered by bud68 - Tue Oct 21 20:45:23 2008
Q. I have a brand new Ford Focus just bought it fresh off the floor and have a cosigner, but we need to refinance it now and have horrible bad credit. Can anyone help with how to refinance a car with bad credit and no equity?
Asked by S H - Tue Oct 21 20:30:22 2008 - - 1 Answers - 0 Comments
A. You just bought it and want to refinance it? Why did you buy it at all, then? The value dropped 20% as soon as you titled it. Unless you made a big down payment, it's not gonna happen.
Answered by bud68 - Tue Oct 21 20:45:23 2008
Should I REFINANCE a construction loan to a permanent loan OR convert to a permanent loan?
Q. It seems that interest rates are much lower for refinancing existing loans, as opposed to new loans. I have a construction loan which doesn't expire for a few months, would it be better to refinance the construction loan to a permanent mortgage or do a construction to permanent conversion loan? Which will get me a lower interest rate?
Asked by Whitney - Tue Oct 13 11:22:29 2009 - - 1 Answers - 0 Comments
A. Generally the lender will lower the rate when you convert and the closing fees will be lower. I'd start with my current lender
Answered by wizjp - Tue Oct 13 11:30:11 2009
Q. It seems that interest rates are much lower for refinancing existing loans, as opposed to new loans. I have a construction loan which doesn't expire for a few months, would it be better to refinance the construction loan to a permanent mortgage or do a construction to permanent conversion loan? Which will get me a lower interest rate?
Asked by Whitney - Tue Oct 13 11:22:29 2009 - - 1 Answers - 0 Comments
A. Generally the lender will lower the rate when you convert and the closing fees will be lower. I'd start with my current lender
Answered by wizjp - Tue Oct 13 11:30:11 2009
How long does it take to refinance a home?
Q. So my fiance and I loaned his mother $10,000. She has to refinance her home and is paying us back when that is all finalized. Her house has already been appraised and she has done it before. Her bank says that she qualifies. She is going into the bank on Monday or Tuesday to finalize thngs. How long should it take to get the money?
Asked by Amber T - Thu Sep 11 01:24:14 2008 - - 1 Answers - 0 Comments
A. Shouldn't take too long at all. Maybe a week and a half?
Answered by OzNana - Thu Sep 11 01:29:50 2008
Q. So my fiance and I loaned his mother $10,000. She has to refinance her home and is paying us back when that is all finalized. Her house has already been appraised and she has done it before. Her bank says that she qualifies. She is going into the bank on Monday or Tuesday to finalize thngs. How long should it take to get the money?
Asked by Amber T - Thu Sep 11 01:24:14 2008 - - 1 Answers - 0 Comments
A. Shouldn't take too long at all. Maybe a week and a half?
Answered by OzNana - Thu Sep 11 01:29:50 2008
What are the financial requirements to refinance and release a co-signer?
Q. Are there certain financal requirements that must be met in order to refinance without a co-signer? But what are the tipical lender requirements?
Asked by REBECCA L - Sun Apr 13 19:02:39 2008 - - 5 Answers - 0 Comments
A. Not if you meet the lenders requirements and qualify by yourself. Only your lender knows.
Answered by Alterfemego - Sun Apr 13 19:08:20 2008
Q. Are there certain financal requirements that must be met in order to refinance without a co-signer? But what are the tipical lender requirements?
Asked by REBECCA L - Sun Apr 13 19:02:39 2008 - - 5 Answers - 0 Comments
A. Not if you meet the lenders requirements and qualify by yourself. Only your lender knows.
Answered by Alterfemego - Sun Apr 13 19:08:20 2008
How do we refinance a home with a subprime loan that will be put into a trust?
Q. Is it best to refinance in the trust or to sign the house over to a family member with better credit and refinance and then put into trust?
Asked by JT6+1 - Tue Mar 6 14:05:27 2007 - - 1 Answers - 0 Comments
A. the latter
Answered by golferwhoworks - Tue Mar 6 14:12:53 2007
Q. Is it best to refinance in the trust or to sign the house over to a family member with better credit and refinance and then put into trust?
Asked by JT6+1 - Tue Mar 6 14:05:27 2007 - - 1 Answers - 0 Comments
A. the latter
Answered by golferwhoworks - Tue Mar 6 14:12:53 2007
How long after bankruptcy shall I wait to apply to refinance my mortgage?
Q. I filed for bankruptcy in 2004 and I have been paying on it for so long now that I have a chance to pay it on out. I have about a year left to go if I don't pay it on out. I want to refinance my house. If I pay my bankruptcy and my case is discharged, how long shall I wait before applying for a loan to refinance my home?
Asked by Penny - Fri Mar 7 18:30:10 2008 - - 5 Answers - 0 Comments
A. You can refi once it has been discharged since you are more than 24 months out from your filing date. You will need proof that the BK has been discharged. Once you have this, you can get what is called an Expanded Approval Loan. Lots of the big mortgage company's offer this product (Countrywide, Beneficial, GMAC...). A lot of whether you qualify for this loan will depend on whether or not you have had any deliquency or derogatory credit since your filing date. If you have paid everything on time since 04, the you are probably good to refi as soon as you get the discharge papers. If you have had credit issues since then, the it will probably take an additional 12-24 months after discharge to get a refi. Good Luck!
Answered by Jeremy B - Fri Mar 7 20:33:56 2008
Q. I filed for bankruptcy in 2004 and I have been paying on it for so long now that I have a chance to pay it on out. I have about a year left to go if I don't pay it on out. I want to refinance my house. If I pay my bankruptcy and my case is discharged, how long shall I wait before applying for a loan to refinance my home?
Asked by Penny - Fri Mar 7 18:30:10 2008 - - 5 Answers - 0 Comments
A. You can refi once it has been discharged since you are more than 24 months out from your filing date. You will need proof that the BK has been discharged. Once you have this, you can get what is called an Expanded Approval Loan. Lots of the big mortgage company's offer this product (Countrywide, Beneficial, GMAC...). A lot of whether you qualify for this loan will depend on whether or not you have had any deliquency or derogatory credit since your filing date. If you have paid everything on time since 04, the you are probably good to refi as soon as you get the discharge papers. If you have had credit issues since then, the it will probably take an additional 12-24 months after discharge to get a refi. Good Luck!
Answered by Jeremy B - Fri Mar 7 20:33:56 2008
How long after a discharged Chapter 7 bankruptcy can I refinance?
Q. Hi, The 2-year ARM on my home mortgage (two mortgages) expires August 2008 (home purchased August 2006). However, I filed a Chapter 7 bankruptcy in 2007 (discharged in July 2007). Will I be able to refinance this year? I've heard that Ch. 7's are different from Ch. 13's in terms of the refinancing waiting time.
Asked by prettycre8ive - Wed Jan 30 15:32:20 2008 - - 1 Answers - 0 Comments
A. 1 day if u have reestablished good credit, and have the equity, figure you will be lucky to get 69% of the loan to value, and if you dont have reestablished great credit in excess of 720 scores dont bother because it isnt going to happen for u
Answered by donald e - Wed Jan 30 15:39:12 2008
Q. Hi, The 2-year ARM on my home mortgage (two mortgages) expires August 2008 (home purchased August 2006). However, I filed a Chapter 7 bankruptcy in 2007 (discharged in July 2007). Will I be able to refinance this year? I've heard that Ch. 7's are different from Ch. 13's in terms of the refinancing waiting time.
Asked by prettycre8ive - Wed Jan 30 15:32:20 2008 - - 1 Answers - 0 Comments
A. 1 day if u have reestablished good credit, and have the equity, figure you will be lucky to get 69% of the loan to value, and if you dont have reestablished great credit in excess of 720 scores dont bother because it isnt going to happen for u
Answered by donald e - Wed Jan 30 15:39:12 2008
How soon after I get a car loan can I refinance with another lender?
Q. I am in the market for a new vehicle and I'm thinking of financing through the dealer in order to get the "best" deal. However, I really don't intend to stay with them and plan on refinancing through my own bank. My question is: how long do I have to wait until I can refinance, if at all?
Asked by newtobigd78 - Thu Jan 3 12:00:08 2008 - - 5 Answers - 0 Comments
A. go to the dealer tell them you are with usaa and go online and check the rates they are the lowest around but it will put the fear of god in the finance manager because he will do anything to try and beat it i know this because i m a finance manager 11 years at a dealership
Answered by daniel s - Thu Jan 3 13:18:52 2008
Q. I am in the market for a new vehicle and I'm thinking of financing through the dealer in order to get the "best" deal. However, I really don't intend to stay with them and plan on refinancing through my own bank. My question is: how long do I have to wait until I can refinance, if at all?
Asked by newtobigd78 - Thu Jan 3 12:00:08 2008 - - 5 Answers - 0 Comments
A. go to the dealer tell them you are with usaa and go online and check the rates they are the lowest around but it will put the fear of god in the finance manager because he will do anything to try and beat it i know this because i m a finance manager 11 years at a dealership
Answered by daniel s - Thu Jan 3 13:18:52 2008
What is the best/easiest way to refinance my car loan?
Q. I have already contacted the company who loaned me the money in the first place they say that my income is insufficient and that my debt to income ratio is too high. The crazy part is that I earned less money and had more debt when I first bought the car!!! So what's the deal? Did the crooked salesman pull a fast one on the lender or what? Why can't I refinance now? What lender should I try next?
Asked by Smelvin - Mon Mar 9 22:01:38 2009 - - 2 Answers - 0 Comments
A. Oh how I love this. The "crooked salesman pulled a fast one." Why? because the economy took a downturn, and lenders tightened their loan requirements? Have you not paid attention to the news? You sure didnt care if there was a "fast one" involved when you got that car you wanted so badly. There is a huge credit crunch right now. Lenders have really tightened up on what they will lend, and to whom. Where a 700 score was a slam dunk a year ago, its not so much right now. I am seeing people who would have just signed and driven away last year get turned down today. Add to that, cars depreciate. I am sure you owe more on the car than it is worth - most of us who financed do. If the bank you are currently financed through will not… [cont.]
Answered by xx_satanic_mechanic_xx - Mon Mar 9 22:10:54 2009
Q. I have already contacted the company who loaned me the money in the first place they say that my income is insufficient and that my debt to income ratio is too high. The crazy part is that I earned less money and had more debt when I first bought the car!!! So what's the deal? Did the crooked salesman pull a fast one on the lender or what? Why can't I refinance now? What lender should I try next?
Asked by Smelvin - Mon Mar 9 22:01:38 2009 - - 2 Answers - 0 Comments
A. Oh how I love this. The "crooked salesman pulled a fast one." Why? because the economy took a downturn, and lenders tightened their loan requirements? Have you not paid attention to the news? You sure didnt care if there was a "fast one" involved when you got that car you wanted so badly. There is a huge credit crunch right now. Lenders have really tightened up on what they will lend, and to whom. Where a 700 score was a slam dunk a year ago, its not so much right now. I am seeing people who would have just signed and driven away last year get turned down today. Add to that, cars depreciate. I am sure you owe more on the car than it is worth - most of us who financed do. If the bank you are currently financed through will not… [cont.]
Answered by xx_satanic_mechanic_xx - Mon Mar 9 22:10:54 2009
How and when can you refinance a auto?
Q. Is it a good practice to refinance a car or truck. I recently purchased a home and the payment is somewhat large. I was in need of transportation before I purchased the home. I was thinking It would hinder the mortgage process if I bought a new vehicle before the house. I want to know is it worth refinancing the auto to make my money and budget work out. I did not buy this auto just to be buying, I bought it because of need and the condition of my 92 van is horrible. There is no heat and many other things. Any advice is appreciated.
Asked by jawsnu7 - Thu Dec 14 14:58:48 2006 - - 3 Answers - 0 Comments
A. You may not be able to cash out when you refinance your auto. Becuase it has a declining value the only thing you would benefit from is smaller monthly payments by shopping for a better rate and getting a longer term. I am curious about the mortgage you have. You may be in the wrong product. There are so many mortgage options availbale that you could refinance to have a more suitable payment plan for your current financial situation. Feel free to email me if you have any questions or are looking for details geared towords your situation. Just remember you have to decide if your priority is a lower monthly payment and higher interest in the long term.
Answered by Yisrael Chai - Thu Dec 14 15:12:54 2006
Q. Is it a good practice to refinance a car or truck. I recently purchased a home and the payment is somewhat large. I was in need of transportation before I purchased the home. I was thinking It would hinder the mortgage process if I bought a new vehicle before the house. I want to know is it worth refinancing the auto to make my money and budget work out. I did not buy this auto just to be buying, I bought it because of need and the condition of my 92 van is horrible. There is no heat and many other things. Any advice is appreciated.
Asked by jawsnu7 - Thu Dec 14 14:58:48 2006 - - 3 Answers - 0 Comments
A. You may not be able to cash out when you refinance your auto. Becuase it has a declining value the only thing you would benefit from is smaller monthly payments by shopping for a better rate and getting a longer term. I am curious about the mortgage you have. You may be in the wrong product. There are so many mortgage options availbale that you could refinance to have a more suitable payment plan for your current financial situation. Feel free to email me if you have any questions or are looking for details geared towords your situation. Just remember you have to decide if your priority is a lower monthly payment and higher interest in the long term.
Answered by Yisrael Chai - Thu Dec 14 15:12:54 2006
Can you refinance a 1st mortgage and 2nd mortgage without equity?
Q. I own a single family property in IL. I have a 1st mortgage that was 100% LTV that was used to purchase the home and a 2nd mortgage that is a 120% LTV that was used to consolidate debt. The value of the home is about $40,000 short of what I owe based on both loans. I want to refinance my 1st mortgage which is at a rate of 7.25%. Is this possible?
Asked by No Equity - Sun Jan 20 22:10:58 2008 - - 4 Answers - 0 Comments
A. you would have to create equity by putting up the the differance plus probably a bit down as well, looks like that would be a bit of a hefty sum
Answered by *Yawn* - Wed Jan 23 02:07:16 2008
Q. I own a single family property in IL. I have a 1st mortgage that was 100% LTV that was used to purchase the home and a 2nd mortgage that is a 120% LTV that was used to consolidate debt. The value of the home is about $40,000 short of what I owe based on both loans. I want to refinance my 1st mortgage which is at a rate of 7.25%. Is this possible?
Asked by No Equity - Sun Jan 20 22:10:58 2008 - - 4 Answers - 0 Comments
A. you would have to create equity by putting up the the differance plus probably a bit down as well, looks like that would be a bit of a hefty sum
Answered by *Yawn* - Wed Jan 23 02:07:16 2008
Can I Refinance a Car under different name?
Q. My car was bought under my dad's name, and I would like to refinance it under my name to lower interest int and establish credit. Is that possible?
Asked by rarafury - Mon Jan 7 09:04:23 2008 - - 5 Answers - 0 Comments
A. Yes, of course it's possible. It's called "buying the car from your dad".
Answered by mccoyblues - Mon Jan 7 09:34:49 2008
Q. My car was bought under my dad's name, and I would like to refinance it under my name to lower interest int and establish credit. Is that possible?
Asked by rarafury - Mon Jan 7 09:04:23 2008 - - 5 Answers - 0 Comments
A. Yes, of course it's possible. It's called "buying the car from your dad".
Answered by mccoyblues - Mon Jan 7 09:34:49 2008
How can one refinance a house with negative equity?
Q. My ex wife lives in the house we owned when we were married. Since the divorce, she had to refinance the mortgage due to financial difficulties. Right now I believe she owes more than the house is worth on the open market. She still has financial difficulties having a large amount of debt in addition to the mortgage. Does she have any options in trying to rid herself of this house to move into a smaller, more affordable one? If she sells the house at a loss, is she required to repay the difference back to the bank or mortgage holder immediately? What options might exist for her to rid herself of debt besides bankruptcy?
Asked by fabguy4fn12 - Wed Jun 28 15:52:57 2006 - - 4 Answers - 0 Comments
A. She should speak with the current mortgage lender regarding a "Short Sale". This type of transaction is used when the house sells for less than the mortgage owed. Yes, the difference must be paid back. A payment schedule is created by the bank. It is a better option than bankruptcy - but will still effect her credit score (or anyone else's score that is on the loan). However, most people who have a short sale are still able to buy another home (while bankruptcy could proclude one from doing that)
Answered by JT's Mom - Wed Jun 28 16:00:09 2006
Q. My ex wife lives in the house we owned when we were married. Since the divorce, she had to refinance the mortgage due to financial difficulties. Right now I believe she owes more than the house is worth on the open market. She still has financial difficulties having a large amount of debt in addition to the mortgage. Does she have any options in trying to rid herself of this house to move into a smaller, more affordable one? If she sells the house at a loss, is she required to repay the difference back to the bank or mortgage holder immediately? What options might exist for her to rid herself of debt besides bankruptcy?
Asked by fabguy4fn12 - Wed Jun 28 15:52:57 2006 - - 4 Answers - 0 Comments
A. She should speak with the current mortgage lender regarding a "Short Sale". This type of transaction is used when the house sells for less than the mortgage owed. Yes, the difference must be paid back. A payment schedule is created by the bank. It is a better option than bankruptcy - but will still effect her credit score (or anyone else's score that is on the loan). However, most people who have a short sale are still able to buy another home (while bankruptcy could proclude one from doing that)
Answered by JT's Mom - Wed Jun 28 16:00:09 2006
Where can I find a wholesale lender to refinance a mobile home?
Q. This is in Southern California. I need to broker out a mobile home refinance for someone. Please help and maybe we can make a few extra bucks. Thank you.
Asked by Frank M - Fri May 4 12:00:34 2007 - - 5 Answers - 0 Comments
A. I would try JCF Acceptance, I know they have a wholesale division. I just got a loan from their retail division and got a great rate 6.74%. Much less than other lenders that I got quotes from. You can reach them at (800) 745-0607. Their website is www.jcfinc.com. The only lend on mobile homes in parks, leased land, or when the mobile home and the land are not tied together by way of deed. Good Luck, Peter
Answered by Peter F - Fri May 4 14:09:07 2007
Q. This is in Southern California. I need to broker out a mobile home refinance for someone. Please help and maybe we can make a few extra bucks. Thank you.
Asked by Frank M - Fri May 4 12:00:34 2007 - - 5 Answers - 0 Comments
A. I would try JCF Acceptance, I know they have a wholesale division. I just got a loan from their retail division and got a great rate 6.74%. Much less than other lenders that I got quotes from. You can reach them at (800) 745-0607. Their website is www.jcfinc.com. The only lend on mobile homes in parks, leased land, or when the mobile home and the land are not tied together by way of deed. Good Luck, Peter
Answered by Peter F - Fri May 4 14:09:07 2007
From Yahoo Answer Search: 'refinance'
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If you are a homeowner with poor credit, home mortgage . refinance. loans can be an intimidating topic. Taking out a home mortgage . refinance. loan can actually help you rebuild your credit. Here are several tips to help you decide if bad ...
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