What should I know about bankruptcy and mortgage refinance?

What should I know about bankruptcy and mortgage refinance?
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1 Answer

Answer :

You can refinance your mortgage, even after a bankruptcy. Refinancing can even help restore your good credit in about two years! Sit down with your lender and talk about a refinancing plan.
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Related questions

If I file for bankruptcy can I still refinance my mortgage?

Description : If I file for bankruptcy can I still refinance my mortgage?

Last Answer : You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.

Can I refinance my mortgage with a different bank, different than the one I currently have it with?

Description : Can I refinance my mortgage with a different bank, different than the one I currently have it with?

Last Answer : Yes, you can refinance with a different bank if you meet their requirements. I’ve never heard of anyone having special stipulations saying they couldn’t do so.

How to refinance a mortgage?

Description : How to refinance a mortgage?

Last Answer : Not a direct answer, but a related topic was recently discussed.

Now that the Fed has lowered interest rates another quarter point is it time to refinance our home mortgage?

Description : Now that the Fed has lowered interest rates another quarter point is it time to refinance our home mortgage?

Last Answer : It depends what rate and term you have now. Add in closing cost to what you owe and do an amoritization. Then compare it to where you are at now.

How do you refinance mortgage w/ bad credit now after finances change do to lost of job 2 years ago. found knew job about 3 month after but pays less.Asked about modification w/mortgage company said they don't participate. ?

Description : How do you refinance mortgage w/ bad credit now after finances change do to lost of job 2 years ago. found knew job about 3 month after but pays less.Asked about modification w/mortgage company said they don't participate. ?

Last Answer : Just because your mortgage company say they don't refinance does not mean you should stop. Make a list of the places that do participate and apply there to see if you can get the help you need.

When does it make sense to try to refinance to get better mortgage rates?

Description : When does it make sense to try to refinance to get better mortgage rates?

Last Answer : People refinance to get a better rate. Even one percent can make the difference in thousands and thousands of dollars of interest over the life of the mortgage, depending on how much was borrowed, how much is ... the cost. It always makes sense to re-fi IF it will save money in the long run.

At what point is it beneficial to refinance a home mortgage?

Description : At what point is it beneficial to refinance a home mortgage?

Last Answer : If the mortgage rates have gone down you may want to refinance your home. Also you may want to if you have 20% or more in equity or have an adjustable rate mortgage.

Are Quicken Loans mortgage refinance rates better than most current refinance rates?

Description : Are Quicken Loans mortgage refinance rates better than most current refinance rates?

Last Answer : Quicken Loans does offer competitive refinancing on mortgage rates. There may be companies with lower rates, however, so you should investigate other lenders.

Do mortgage refinance calculators take points into consideration?

Description : Do mortgage refinance calculators take points into consideration?

Last Answer : Yes they do. The good mortgage calculators take everything that may effect you mortgage into account. You have nothing to worry about.

Every person should refinance their mortgage after five years.?

Description : Every person should refinance their mortgage after five years.?

Last Answer : Every person should refinance their mortgage after five years.

What is the meaning of "refinance mortgage"?

Description : What is the meaning of "refinance mortgage"?

Last Answer : Basically, refinance mortgage is a restructure of your current mortgage. You can shorten the length of your loan, you can get a lower interest rate and lower your payments. In some cases you can cash-out the equity and actually get cash back at the closing of the refinance mortgage.

Can I refinance my mortgage if I have low equity in my house?

Description : Can I refinance my mortgage if I have low equity in my house?

Last Answer : Yes it is possible to refinance your house if you have low equity. But you must have at least 20 percent equity before your refinance will be apporoved.

How to Refinance a Mortgage?

Description : How to Refinance a Mortgage?

Last Answer : Refinancing a mortgage is an important step that requires consideration, research and patience. There are nearly as many loan modification scams as there are legitimate lenders today. Keep reading to learn ... 's information. Don't sign the loan documents until all of these steps are finished.

A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : A. Mortgage Explanation: A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.

A type of market in which there is a relatively high degree of concentration is referred as _____ A. Mortgage Refinance B. Oligopoly C. Near Money D. Open Economy

Description : A type of market in which there is a relatively high degree of concentration is referred as _____ A. Mortgage Refinance B. Oligopoly C. Near Money D. Open Economy

Last Answer : B. Oligopoly Explanation: Large number of potential buyers but only a few sellers is known as Oligopoly.

A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : B. Reverse Mortgage Explanation: A reverse mortgage or home equity conversion mortgage (HECM) is a special type of home loan for older home owners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and home owner‘s insurance.

Will bankruptcy protect me from foreclosure by my mortgage company?

Description : Will bankruptcy protect me from foreclosure by my mortgage company?

Last Answer : Yes, bankruptcy protect you from foreclosure by your mortgage company. You can read more at www.hirby.com/mortgage-lender-filing-for-bankruptcy

Moody's downgrades 15 global banks. Would the banks have been better served to allow homeowners to refinance?

Description : Moody's downgrades 15 global banks. Would the banks have been better served to allow homeowners to refinance?

Last Answer : I think so. Like a lot of mortgage holders who lost their homes, we would have held on, kept on paying and eventually caught up. The bank ended up selling our home for less than half of what we paid. I suppose the loss write off was worth more to them than our money.

Is now the best time to refinance my condo?

Description : Is now the best time to refinance my condo?

Last Answer : This Q&A offers two comparison tables and some advice on how to save the maximum in interest payments with a 5.5% loan vs. 4.25% and 3.875%.

Is using the "Home Affordable Refinance Program" a smart idea?

Description : Is using the "Home Affordable Refinance Program" a smart idea?

Last Answer : answer:Here is general information about the program. I found this in FAQ What are the interest rate and other terms of a refinance under HARP? The rate will be based on market rates ... over time as market rates adjust. The refinanced loans must have no prepayment penalties or balloon payments.

When you refinance a car, is it in any way possible for your payments to increase instead of decrease?

Description : When you refinance a car, is it in any way possible for your payments to increase instead of decrease?

Last Answer : Depends on the interest rate and the duration of the loan. However, bear in mind that the longer you take to pay for the car, the more it will cost you in the end. All that interest doesn’t come cheap.

Is it smart to refinance a vehicle to get a lower payment?

Description : Is it smart to refinance a vehicle to get a lower payment?

Last Answer : There is a formula to determine when it is advantageous to refinance a home – I’m sure your financial adviser can make similar calculations for a vehicle.

In India, the bank NABARD does not provide refinance to which bank? -Do You Know?

Description : In India, the bank NABARD does not provide refinance to which bank? -Do You Know?

Last Answer : answer:

Is it possible to refinance student loans?

Description : Is it possible to refinance student loans?

Last Answer : Yes, it is possible to refinance student loans. If done correctly, it can save you hundreds or even thousands of dollars when repaying your loan.

How can I avoid high interest for auto refinance loans?

Description : How can I avoid high interest for auto refinance loans?

Last Answer : You can avoid high interest for auto refinance loans by going to www.carbuyingtips.com/refinance.htm. You can also try www.anycreditmortgage.biz/MortgageRefinance.htm The best way to avoid a high ... sure your credit stays good. You can normally find lower refinancing rates with a credit union.

How much money will I save if I refinance?

Description : How much money will I save if I refinance?

Last Answer : You may not save anything. It depends on what you're refinancing from and to, whether the value of your house has fallen since you bought it, and your current credit situation.

What should you consider when thinking about refinance options on car loans?

Description : What should you consider when thinking about refinance options on car loans?

Last Answer : When thinking about refinance options on car loans, you should consider the terms and hidden fees involved. You can get more information at www.carloancalculator.net.au/refinance.php or auto-loans.wellsfargo.com/refinance/auto-loan-refinancing.html

I am going through a divorce, my ex-wife needs to refinance,but we owe more than the house is worth we have a 1st&2nd fixed and never missed a payment in 10 yrs.also have a 740 credit score what can she do need my name off of the house.owe 300k worth 250k?

Description : I am going through a divorce, my ex-wife needs to refinance,but we owe more than the house is worth we have a 1st&2nd fixed and never missed a payment in 10 yrs.also have a 740 credit score what can she do need my name off of the house.owe 300k worth 250k?

Last Answer : You cannot get your name off the mortgage unless you refinance. You may be able to have her refinance the home if you sign a note for the difference between what she can finance for and what is owed. You can also contact the first and second lienholders and request a short sale without recourse.

I would like to refinance to get a lower interest rate. my current interest rate is 12%.?

Description : I would like to refinance to get a lower interest rate. my current interest rate is 12%.?

Last Answer : To refinance you're best bet would be to contact a mortage refinancing lawyer. Here is a firm near you're area that does refinancing Avelo Mortgage LLC * (972) 653-7000.

Can I negotiate some of the closing cost fees on my refinance Is there a website that offers info. on this subject?

Description : Can I negotiate some of the closing cost fees on my refinance Is there a website that offers info. on this subject?

Last Answer : Yes, you can negotiate the fees for closing when refinancing a mortgage, and it doesn't hurt to arm yourself with information. A really informative website that covers what you need to know is ... handle your closing with no fee, because the fee will then only be hidden into other expenses.

Where can I refinance my home in Erie, Pa. I have missed 3 house payments.?

Description : Where can I refinance my home in Erie, Pa. I have missed 3 house payments.?

Last Answer : The Lend America program "Hope for Homeowners" is designed to help homeowners who cannot afford their present payments due to escalating interest\,etc. The new mortgage is based on the value of the ... the borrower to ensure a reasonable ability for borrowers to be able to make their new payments.

I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Description : I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Last Answer : Untrue. I was promised an immediate refinance and it is 2 1/2 yrs. later and I have not been able to refinance. With Conventional loans there is no seasoning. FHA loans do require 6 months. ... There are obviously other issues which have nothing to do with the number of payments that have been made.

How can I refinance my auto loan?

Description : How can I refinance my auto loan?

Last Answer : I would go to the place you got your loan from and see if they can refinance it to save you on internet. If you cannot get a lower rate from them, I would look at other loan places to find a lower rate.

How can a loan refinance calculator help me refinance my loans?

Description : How can a loan refinance calculator help me refinance my loans?

Last Answer : The Refinance Calculator helps you determine whether a refinance makes sense for you. It will also explain why and give you the necessary motivate to help you make the right conclusion.

Does my business qualify to refinance using a sba loan?

Description : Does my business qualify to refinance using a sba loan?

Last Answer : Yes usually you can refinance your sba loan but I do not recommend it with the high rates and length of the loans given it can be more of a headache in the long run.

What steps do I need to take to refinance my home?

Description : What steps do I need to take to refinance my home?

Last Answer : This is the website that I found most helpful when looking for information on What steps do I need to take to refinance my home here is the website www.bills.com/refinance-my-home/ - Cached

Can I refinance my student loans?

Description : Can I refinance my student loans?

Last Answer : There are many banks and companies that are willing to refinance your student loans. This is a good idea if you have many different loans or are having trouble with the payments. Do not refinance loans that are provided by the government, those are safer than private loans.

Where online can I find a vehicle refinance calculator?

Description : Where online can I find a vehicle refinance calculator?

Last Answer : If your car payments are too high for you to handle, then you may want to consider refinancing your car. You can find a calculator at the following website, which will help you figure out your options: www.calculatorzone.com/calculator/refinance-auto-loan.html

A good reason to refinance your home is to:?

Description : A good reason to refinance your home is to:?

Last Answer : lower your monthly payment.

Micro Units Development and Refinance Agency(MUDRA) Bank has been headquartered in _______ A. Mumbai B. Bangalore C. New Delhi D. Hyderabad

Description : Micro Units Development and Refinance Agency(MUDRA) Bank has been headquartered in _______ A. Mumbai B. Bangalore C. New Delhi D. Hyderabad

Last Answer : C. New Delhi Explanation: Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector financial institution has been headquartered in New Delhi. It provides loans at ... institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi.

Micro Units Development Refinance Agency (MUDRA) has a corpus of _______, and credit guarantee corpus of ________ A. Rs 25,000 crore and Rs.3,000 crore B. Rs 20,000 crore and Rs.4,000 crore C. Rs 15,000 crore and Rs.4,000 crore D. Rs 20,000 crore and Rs.3,000 crore

Description : Micro Units Development Refinance Agency (MUDRA) has a corpus of _______, and credit guarantee corpus of ________ A. Rs 25,000 crore and Rs.3,000 crore B. Rs 20,000 crore and Rs.4,000 crore C. Rs 15,000 crore and Rs.4,000 crore D. Rs 20,000 crore and Rs.3,000 crore

Last Answer : D. Rs 20,000 crore and Rs.3,000 crore Explanation: The bank will have an initial corpus of Rs 20,000 crore and a credit guarantee fund of and Rs.3,000 crore. The bank will initially ... as a non-banking financial company and a subsidiary of the Small Industries Development Bank of India (SIDBI).

In India, the bank NABARD does not provide refinance to which bank?

Description : In India, the bank NABARD does not provide refinance to which bank?

Last Answer : Export-Import Banks

Refinance facility is provided by NABARD. Which institutins can avail it. (a) Commercial Bank. (b) Regional Rural Banks. © State Cooperative Banks. (d) All of the above.

Description : Refinance facility is provided by NABARD. Which institutins can avail it. (a) Commercial Bank. (b) Regional Rural Banks. © State Cooperative Banks. (d) All of the above.

Last Answer : (d) All of the above.

1. The quality of sound produced by an instrument depends on the which thing? 2. The term ‘Tee’ is connected with which game? 3. In India, the bank NABARD does not provide refinance to which bank? 4. What is the main activity of Eskimos during the short period of summer season ? 5. With which external trade of the Sangam were people carried on?

Description : 1. The quality of sound produced by an instrument depends on the which thing? 2. The term Tee' is connected with which game? 3. In India, the bank NABARD does not provide refinance to which ... deficit in Govt. of India budget? 19. Which pair of ocean currents meet each other near Newfound land?

Last Answer : Answer : 1. Number of overtones 2. Golf 3. Export-Import Banks 4. Hunting 5. Romans 6. NPK 7. 97 subjects 8. Common salt is exposed to air 9. Plucking 10. Rajendra Chola I 11. Chess ... Sedimentary rocks 15. Rajaraja 16. Eleventh Schedule 17. 106 ohm 18. Fiscal deficit 19. Gulf stream and Labrador

How does an old bankruptcy affect future loan applications?

Description : How does an old bankruptcy affect future loan applications?

Last Answer : It's not supposed to. They are supposed to be wiped from your report ten years after being settled. So you should be just fine. They won't ask for info about bankruptcy - it's illegal to do so. And ... nothing else, you should get a copy of your report and go over it in detail just to be positive.

Client filing for bankruptcy?

Description : Client filing for bankruptcy?

Last Answer : At some point you will need to file a claim against the company (to the bankruptcy trustee, once they are appointed). You'll wait and wait and wait. There's a hierarchy of who gets paid first ( ... they are filing bankruptcy and when it is possible for you to file a claim. read this Good luck.

Do you know anyone who successfully filed for bankruptcy on line?

Description : Do you know anyone who successfully filed for bankruptcy on line?

Last Answer : answer:You file with the local bankruptcy court. With a long list of items and documents. You understand that Chapter 7 means you may have to sell everything repeat EVERYTHING (there are exemptions) to be paid ... in Chapter 7. I'm not a lawyer; I just know someone that went through a bankruptcy.

Without google, do you know one of the main reasons for Bankruptcy in the US?

Description : Without google, do you know one of the main reasons for Bankruptcy in the US?

Last Answer : Medical bills.

Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Description : Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Last Answer : Better to pay off. Bankruptcy puts a big mark on you credit report, no one wants to get left holding the bag when you opt out of your debt. Bankruptcy takes the legal obligation away, but does not clear your record.

Detroit first... Who's next for US City bankruptcy... Chicago?

Description : Detroit first... Who's next for US City bankruptcy... Chicago?

Last Answer : answer:I'm sure that Chicago has its problems, aside from the gun violence in the strictest-gun-laws-in-the-nation idiocy (and other things that go along with that kind of blindness to facts), and ... laws who live in Michigan that it was not uncommon in the late 1960s when they lived near there.)