Bankrupt, Underwater and Want to Refinance Fox Business
You do not clearly understand the options available to you. Or perhaps I should say the options not available to you. You ask whether it would be preferable to stay in the bankruptcy or try to refinance the mortgage. However, refinancing the mortgage is not an option. If any reader has ever been able to refinance his or her mortgage when the mortgage is upside down, please email me. I would be very interested to know which banks are being so generous. The lender has no incentive -- and all the risk -- when refinancing a loan where no equity exists.Besides equity in your home, lenders like to see that you are a stable and viable borrower before refinancing. However, you filed a bankruptcy right before the trustee sale of your home. A trustee sale is the result of foreclosure, which means you were not making your mortgage payments. Regardless of the reason you weren't paying, it would be a stretch to prove you're a stable loan candidate since you filed bankruptcy after not paying the mortgage for quite some time.
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Poor Credit Home Loans - Some Valuable Facts!
www.realcase.com Lenders assign you a credit score any time you apply for credit. This is there way of them determining whether you are a likely ...
currently in chapter13 bankruptcy can we refinance our home and the bankruptcy?
we have a mobile-home double wide looks like a modular has a 5/12 roof pitch if that makes a difference.
depends on how long ago u filed... has the bankrupcy been discharged yet? it is possible u may be able to refinance ur home but i've never heard of refinancing a bankrupcy...
usually a bank will approve u for a refinance if since the bankrupcy all ur bills have been paid on time for about 2 years. if u haven't been late on anything, have been at the same job with verifiable income, and have since established ur credit then that can sometimes help u proove that since the bankrupcy u've been able to redeem urself.
if ur still in the process of filing for bankrupcy then forget it. there's no way u will get approved unfortunately. try having someone with good credit cosign for u to help u. the way lenders look at it is that if u just filed bankrupcy because u couldnt pay ur bills, why are they going to give u let u refinance seeing as just so recently u couldnt pay bills? u see bankrupcy is a big deal especially nowadays with all the foreclosures and whatnot. Look at it this way, if u dont get approved dont be disappointed. usually filing BK can help u get back on track and ur mortgage company is willing to work with u to help u out... good luck!
if you refinance your home is that also considered bankruptcy?
I am am separated from my husband and he refinance our home in which I just found out because I was trying to get a loan from H & R block -which was denied because of bankruptcy*
j
http://www.worldbestloans.com/Mortgage%20Loan.htm
A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.
what mortgage can i use to refinance my home while in bankruptcy?
Me...I do both chp13 and chp7 If you have any questions you can email me at Johng@oldmerchants.com
Are there loan companies that will refinance your home while in bankruptcy?
Anything is possible but I would bet the company is going to want either court or trustee approval, which you are going to need anyway to take on more debt. Otherwise, mortgage lenders are going to want the bankruptcy discharged.
Don't even think about trying to get a loan without at least trustee approval or lying on a mortgage application because that will land you in trouble.
does anyone know where you can obtain a Home Mortgage refinance while in a Chapter 13 Bankruptcy?
looking to refinance my mortgage I am currently in a chapter 13 bankruptcy have been paying my mortgage and the trustee on time
you would need to have no credit lates in the last 12months to do FHA.....
FHA also allows chapter 13buyouts
Are there any programs out there where I can refinance my home while in chapter 13 bankruptcy?
You can refinance your home only if you're planning on buying out the bankruptcy. There are usually rules that say you have to be in the chapter 13 for a year, but I know programs that will allow you to do it in less as long as you have the available equity. If you'd like a free no obligation analysis you can give me a call or go to my website and fill out an application.
-Adam
refinance home mortgage with bankruptcy.Who to contact?
Need to get a fixed mortgage rate
If it is you, then of course you'll contact the lender or a mortgage broker (a good one).
How can I get my home refinanced after filing bankruptcy about 4 yrs ago and being late on my mortgage?
I was late on my mortgage for about 3 months unknowingly but have been up to date since then.
If you abuse credit, no one will give you any, or at least not without extremely high rates of interest and fees
can you refinance a home while in bankruptcy?
During the course of a Ch. 13 bankruptcy repayment plan you may be able to refinance (no cash out) with court approval. It seems unlikely that this would be beneficial because you will pay a very high rate.
can you refinance your home while in bankruptcy?
Very likely not, but mortgage lenders may have different policies and guidelines, so just go ahead and ask.