CCS asked:


can I refinance my home if I home if I have a repo?
OK, I am currently in the process of refinancing my home, however, I just found out today by a relative that the car I co-signed for for a relative has been repo’d. I was not aware of the repo, but was aware of late payments. This did not effect my approval of the loan, but I am worried if they will pull my credit again and deny me. I did tell them I wanted to cash out to pay my debts. Does anyone know or have experience to this question?

Kevin

beach_babe971 asked:


if im buying a house 10% below value, and put 10% down. i have 20% equity. then if i do repairs and upgrades, i will have more equity. so after i do repairs and upgrades i would have 30% equity. but when i bought the house, i needed a 90% loan.

is it possible or recommended after i make repairs, to refinance the loan if i plan on keeping it, since ill have 30% equity, and just refinance to get money back, or lower my payments? soneone said i could do that, instead of keeping the 90% loan. but i still dont see how it would help exactly? i never refinanced before?

Fernando

Jess asked:


I live in Texas (homestead state) & I’m in the middle of a divorce. I’ve been awarded the house temporarily. The problem is; the house has an ARM loan and the pmts keep rising. With spouses permission, will the law let me refinance the house before the divorce is finalized? He wants to sell, but I want to keep it.

Edgar

Chad G asked:


I want to refinance my mortgage but I am a month behind on my payment. I can’t seem to get caught up, hence the reason to refinance for a better rate. Do I have to be caught up or will someone let me roll the money owed into my new mortgage? Or is their any other options?

Carla

E asked:


We have very good credit (my husband and I are each 750+), and need to refinance our home. When we purchased, my husband was newly self-employed and had to get a no-doc loan, so it isn’t a very good loan to have. There are so many radio commercials and other ads for mortgage refinancing. How do we pick one? We thought about the LendingTree.com or themortgagestore.net. Any advice?

Stella

prezgirl asked:


I am a loan officer and i have not been able to get too many people to refinance. As you know we live on a commission base and sometimes it gets pretty hard.

Antonio

boricua_2290 asked:


my husband brother in law sign a document for a home, my husband did sign the first loan, but then the deal with the business home group went bad for them and they decided to refinance but this time without telling my husband, in the new loan documents it says that whoever sign the borrower wich is my husband show proper ID and this is a lie because my husband didnt sign anything this time.. the borrower had 11 thousand dollars at closing wich is another lie we didnt get any money.. can we go after this loan mortgage company? should have they check to see if the person who sign the documents was really my husband? when the documents says that the borrrower showed proper ID only it wasn’t my husband who sign? do we hve acase of forgery? do we have a case at all?

Sally

jonathanzila asked:


I bought my house a year ago, and put 3% down. We took out an 80% first mortgage and 20% second mortgage. Our second mortgage is adjusting and keeps going up every month. I do not want to pay Private Mortgage Insurance, but also do not want to keep seeing my payment go up. How do I find out if I have 20% equity in the house? Should I refinance it?

Sean

Rosanna asked:


My sister is getting into serious trouble with her home and it may be foreclosed. She bought into one of those designer mortgages several years ago and now the interest rate is ridiculously high and her mortgage is double from what she started with. If I co-sign to help her refinance her home, she could get a significantly lower (more affordable) fixed interest rate. Should I co-sign for her?

What are the risks involved? How is co-signing for a house different than co-signing for a car? How does it affect my credit? How does it affect my future with home-buying? I don’t own a home yet, but what if my husband and I are ready to buy our first home in the next one to five years?

William

senzualsindhique asked:


I bought a property for $50,000 and the assessed value is $125,000. I want to refinance and cash out to at least $110,000. If I apply for a property tax adjustment with the county, will that hinder my ability to refinance out of the property and pull cash out? What would someone advise? What are good options?

Rosemary