Unique asked:


The person on the loan credit score has decrease alot and is behind a couple of months. Can the second person refinance the loan without the 1st person, the second person is on title only.

Louise

harrisfam21 asked:


What is required? (Credit Score, Length of Loan)
What happens? ( I don’t quite understand refinancing)
What do you get out of it?

Neil

Claudio F asked:


I want to refinance my ARM to a fixed rate mortgage, what are the steps to take?
I have $67,934 mortgage+ $22,000 home equity loan=$89,934.
I want to pay it off in 15-22 years.
My credit score is 707.
The house is worth only $75k now.
We want to stay in the house for at least 5 more years.
Where do I find a good deal?

Alvin

brownsugar1961 asked:


My husband’s middle credit score is 599 and mine is 587. We bought a house in Nov 2006. It’s an ARM 80/20 loan which means our payment will go up in Nov 2008. We both have a lot of charge offs and collections from previous divorces but, we have paid some off and we are working to pay off the othres. We both have been told that when refinancing they only look at the last two years. Is this true? We have heard so many different stories from lenders and we are really confused right now. Is it impossible to refinace with scores this low. What we don’t understand is we have paid the mortgage on time every month and also our car payment but it don’t seem to help any. What can we do?? Please advise us both.

Lloyd

era asked:


I’ll be aplying for a home loan soon and I’m refinancing my car loan tomorrow, should I don’t refinance. Would it affect my credit score?

Melanie

Tracy S asked:


I have a low credit score. Most my bad credit is old credit. I have a bunch of little loans from finance companies, but they charge really high interest rates. I would like to get a loan for about $5000 to $6000 to pay these off and have one payment that would be lower.

Agnes

Angel M asked:


There’s a company that’s offering 1.5% APR interest only loan for anyone that has a credit score of 620 or above. They advised that if I take the $800 in savings and invest it, I can use the savings to pay off all of my outstanding debt. In 5 yrs after the loan is over we would do it again but because it’s interest only that I’m paying the amount of the new loan will be more than the original loan. We just need some professional advise.

Clyde

Superstar asked:


Will paying off my $900 balance on my credit card get me a better interest interest rate when I am about to refinance my car? should I close any open accounts that I never use before applying to refinance? My current interest rate is about 22%!! Do you have to prove employment when refinancing? my credit score is about 655. Thank you!!

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mcoopd1 asked:


I ask this because most lender said I have to refinance my 1st in order to pay off my 2nd, but if I do that because of my low credit score my interest will go way up and it will double what I am paying now. Is there a solution?

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chris y asked:


In last three years,I bought four houses for investment,they are all at 7.5% interest rate?
now I want to refinance them,but I do not have work,credit score is only 680 because my high balance in my equity accounts.is there any way I can get a lower interest rate like 6%?

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