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

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

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.
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Related questions

What should I know about bankruptcy and mortgage refinance?

Description : What should I know about bankruptcy and mortgage refinance?

Last 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.

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

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.

Have any of you tried to file bankruptcy on your own without a lawyer?

Description : Have any of you tried to file bankruptcy on your own without a lawyer?

Last Answer : hello darkness my old friend….

Can someone file bankruptcy from home?

Description : Can someone file bankruptcy from home?

Last Answer : Sounds like practicing law without a license.

Should I sue the debt collectors or file for bankruptcy?

Description : Should I sue the debt collectors or file for bankruptcy?

Last Answer : For every count of harassment, you can get between $500-$5000 depending on the state. It really is as simple as recording them and filing a lawsuit. There was a news story recently about a guy whose ... purposely get harassed by debt collectors so he could sue them. He was pulling in over 100k/yr.

Will BP file bankruptcy to avoid restitution?

Description : Will BP file bankruptcy to avoid restitution?

Last Answer : BP will do as they please and there's nothing anyone can do about it, they are one of the biggest most important corporations to the industrial world, they aren't going bankrupt, feigning bankruptcy or ... in India, and set the proper tone for compensation, then you can expect BP to follow suit.

I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Description : I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Last Answer : For medical bills, you can make small payments to the hospital every month and as long as you’re paying off the loan, they can’t write it off as un upaid bill. So pay them $15 a month and use the extra $ to pay off your credit cards.

Why did Chrysler file for bankruptcy in New York?

Description : Why did Chrysler file for bankruptcy in New York?

Last Answer : They own more politicians in New York

Why shouldnt I file for bankruptcy?

Description : Why shouldnt I file for bankruptcy?

Last Answer : Although you say you can start rebuilding your credit, this really isn't the case. Although your credit score may increase, bankruptcy on a credit history is almost a sure fire way to ensure that ... really have no other way out, and be sure to have a long conversation with your financial advisor.

if i file bankruptcy will it get rid of a wage granishment

Description : if i file bankruptcy will it get rid of a wage granishment

Last Answer : Need Answer

If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?

Description : If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?

Last Answer : Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.

can you file your taxes owed under bankruptcy?

Description : can you file your taxes owed under bankruptcy?

Last Answer : http://ezinearticles.com/?Will-Bankruptcy-Void-Any-Owed-Taxes?&id=1059357 this link has a lot useful information.

How does one file bankruptcy in Florida?

Description : How does one file bankruptcy in Florida?

Last Answer : Bankruptcy is a federal matter. There are different types of bankruptcy. This government website has a lot of helpful information on the various types, as well as information basics about filing, forms ... and find an affordable bankruptcy attorney in your area who can walk you through the process.

How to File Bankruptcy?

Description : How to File Bankruptcy?

Last Answer : The U.S. Congress established federal bankruptcy laws so that honest but unfortunate debtors could make a fresh start. While any bankruptcy filing must be made in federal court, your local judicial ... to the federal courts, 99 percent of Chapter 7 filings are granted full discharge of debts.

I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Description : I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Last Answer : If you reaffirmed your car loan during your bankruptcy, you agreed to continue making the payments. If you included your car in the bankruptcy, then the loan was wiped clean, as it appears to have ... the lawyer who handled your bankruptcy, but my guess is that your car slipped through the cracks.

Am I still allowed credit cards after bankruptcy?

Description : Am I still allowed credit cards after bankruptcy?

Last Answer : Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.

husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

Description : husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

Last Answer : “husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take full deduction.”

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.