By
Dallas Refi on Tuesday, October 26th, 2010 |
No Comments
I want to refinance my mortgage and I want to start a home business before doing so. It would have no employees and I would still keep my current job. My home business will not require any due balances or credit lines to increase my debt. Would mortgage companies see the worry that I would quit my regular job or would they trust that I would maturely handle the mortgage payments? In other words, would I have no problems getting refinanced under these conditions. My credit score is about 650 and I’ve been at my current job for 1 1/2 years but have had steady employment for a long time. I have also paid my mortgage on time for 12 months.
The reason I am asking is because what I will be doing requires a vendor license. Therefore, in my ssn, it would show the business based at my home address.
I am actually looking for a new mortgage loan, not a home equity loan or personal loan and I don’t need to borrow to pay debts.
By
Dallas Refi on Monday, October 25th, 2010 |
4 Comments
do these online companies give legitimate quotes or is it just a scam?
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By
Dallas Refi on Saturday, October 23rd, 2010 |
1 Comment
Should I refinance my interest rate on my home mortgage? I have been in my home for 9 years and an employee from Chase finance (Chase is my current lender) said for me not to refinance since I have paid off a good portion of the interest. Is this true? Should I refinance? My Chase mortgage interest rate is 6.5 fixed.
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Dallas Refi on Thursday, October 21st, 2010 |
5 Comments
i’m almost 2 yrs into chap 13 and have been advised that there are lenders out there who will refinance my home mortgage. I only want to refinance the mortgage, and not include the balance on the bankruptcy
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Dallas Refi on Tuesday, October 19th, 2010 |
3 Comments
My husband and I bought a manufactured home back in 2001. Unfortunately, we were very inexperienced and did not understand that having money down at closing was so important. At the time, we also had bad credit, but the dealer was determined to sign us. We ended up buying down 7 points and rolling it into the cost of the loan along with the other closing costs in order to lower our interest rate into something we could afford. It was lowered from 12.5% to 10.75%. We have always made timely payments for the last 6 years, but would like to refinance to get the incredibly high interest rate down. Our current lender says that 10.75% is their lowest rate, and our credit union won’t finance due to the negative equity. The house is appraised at ,000 and we still owe ,000 on the loan. I’ve heard that there are loans available for 125% of a home’s value, but not if it’s manufactured. Does anyone know of any alternatives or have any useful suggestions to help us?
Also, just to clarify, the house is attached to a permanent foundation on a piece of land that my husband and I own.
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Dallas Refi on Tuesday, October 12th, 2010 |
6 Comments
I am thinking about get my home refinance. I think I have enough money to cover the closing cost and fees, but instead of paying the closing costs, can I get those included with my new loan or do I have to pay that seperately?
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By
Dallas Refi on Sunday, October 10th, 2010 |
1 Comment
I received a letter from my home mortgage bank to refinance my home mortgage and it will called HARP Three Step Express and i was wondering what that is
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By
Dallas Refi on Wednesday, October 6th, 2010 |
3 Comments
When you refinance your home with another mortgage company then the one you have know, who lets them know you’ve gone with another mortgage company? Are there penelties? We are in a sliding rate and are trying to get into a fixed rate. thanks!
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By
Dallas Refi on Sunday, October 3rd, 2010 |
4 Comments
I am late for August and September on my mortgage, my mortgage amount is more than the home is worth on the market today, is it possible to refinance the mortgage.
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