Bad Credit Consolidation Loan

Archive for the ‘Renting Real Estate’ Category

Britta G asked:


Home, mortgage, 2 year mortgage, home loans, home loan mortgage, mortgage rates

mortgage refinance

bored_at_home asked:


I have 2 missed payments and now I am receiving phone calls and letters from banker saying they will foreclose if not paid in full within days. I have not received a certified letter yet, so I am not in foreclosure. I started talking to a broker to refinance my mortgage. Can my current mortgage lender foreclose if I am at the early stages of a refi? So when exactly during the refinance process can my current mortgage lender no longer foreclose on me? During escrow? Once I signed the application? During underwriting?

Another question, who notifies my current lender that I am in the process of refinancing so that they dont foreclose my house? Should I called them?

mortgage refinance

DLM asked:


We bought our home less than a year ago and want to refinance. The bank that originally held our mortgage sold it to another bank. The bank that holds it now says they want us to pay for the title, lawyers and appraisal again. If all this was done less than a year ago why do we need to pay all these fees again?

mortgage refinance

onebyone asked:


I was told that a mortgage must be 6 months old before you can refinance it. Is it true? What law (or statute or regulation…) actually specifies that?

This is in NY state, if that matters. Thanks!!

mortgage refinance

reni768 asked:


We bought our house in Oct. 2007. Our interest rate is 6.5%. Would it be good to refinance if the rate got down to 5.75%? We need to lower our payments if need be. We are so strapped right now with rising gas prices, food prices, daycare for summer, etc.

Right now we are financed through Wells Fargo and have been on time with every payment. We filed bankruptcy in 2004 on a mobile home that had water damage so I was wondering if this might hinder us in refinancing? Any advice would be appreciated!!!!!!!!!!

mortgage refinance

brian r asked:


I am looking to refinance my 30 year mortgage in about 6 months and wanted to get some advice on how to get the best interest rate possible. Wanted to hear stories from people who have done this. Thanks,

mortgage refinance

knatwhat asked:


Hi.

Here are the details. 6.8% 40 year loan First 10 are interest only. 192k balance on a house valued at 192k (zillow.com) I have PMI. Bank Of America holds my note. I am current on my loan and can afford it. Do NOT have the $$ to pay closing costs.

I want to take advantage of all the stuff happening. I Want to get rid of the PMI, I want to lower the interest rates, and I want to start working on the principal and I want to lower my payments (Of course)

Anyone with a good understanding of the system and new PLANS that has any suggestions?

Thanks A TON
I added all the info about my equity becaus eI know the issues of not having it thats wy I was asking about all the new govt. plans

mortgage refinance

imst22 asked:


I currently have a $258k mortgage at 6.5%. My place is worth approximately $350k, so I have about $92k in equity. My debt to income ratio is around 63%. With rates around 5%, I think it would be worthwhile to refinance; however, I was told that my debt to income ratio is too high. My credit score is around 760 and I have never missed any mortgage or bill payments. My debt is largely due to student loans, car payments, credit cards, and depreciation on a rental property that I have. I am actively paying down my debts, but am disappointed that I have not found a lender to refinance with despite good credit, and no missed payments. Are there any lenders that anyone knows of that might work with someone with high debt to income, but good credit? If I get the opportunity to refinance, it will allow me to pay down my debts that much quicker. Thanks for any advice.

mortgage refinance

mtnman717us asked:


Is there any good way to get out of an upside down mortgage? My ex wife currently owns a house that she really can’t afford. We refinanced the mortgage when we got diovrced 5 years ago. Since then, she has refinanced once more. With the current housing market where she lives, she owes more than she could get for it by selling at a reasonable price. Does she have any options to get out of the mortgage?
If my ex wife sells the house for less than she owes on the mortgage, and owes the difference to the bank, is that money owed at the time of closing or is it paid back as a personal loan?
I did try to help her sell it when we got divorced, knowing it was too expensive for her to maintain with her financial situation. My advice was not well received, as she wanted the status symbol of a big home. I no longer have any financial obligation on the home, so it is not my problem to resolve.
For anyone who wants to know my motive, there is no motive for me one way or the other. I don’t benefit one way or the other. I do care about my children though who live with my ex wife, and making sure they are cared for and have a nice, reasonable place to live. I pay my child support and she needs to also be able to adequately take care of them and share the costs of raising them.

mortgage refinance

Get Money asked:


I am about to begin my paperwork to file chapter 7 bankruptcy and was wondering how long it takes for the finance company to evict tenants from a relinquished property? i have renters there and want to give them notice about what is goin on so that I can try to avoid a law suit. i think the BK process takes about 90 days but was wondering as to how long i should tell my tenants they have before they are evicted. thanks in advance for your help

bankruptcy