Comments for Shopping for a Mortgage?

Comment on Refinancing a Mortgage with Bad Credit and Obamas Stimulus by Bewildered

Bewildered — Sat, 30 Oct 2010 12:09:29 +0000

Yes. The person on the title can block your attempt to refinance.

You can wait to sell, but he will have the same veto power over any contract offer as well.

Comment on Refinancing a Mortgage with Bad Credit and Obamas Stimulus by Jake K

Jake K — Sat, 30 Oct 2010 11:03:35 +0000

Any experience working in a bank (or mortgage company) is great experience for a life. To truly understand how the banking world works will equip you greatly into the future. ~ no matter how you start.

The larger banks in the USA (and other parts of the world too) have experienced big drops in their market positions because of the over lending to sub prime market. Interestingly, some of the smaller banks are doing really well with stock rises as they did not get involved in this over lending practice.

all the best to you ~ its' a great education no matter what

Comment on Getting benefits from home mortgage refinance by b.wtfdik

b.wtfdik — Fri, 29 Oct 2010 15:23:28 +0000

Comment on Getting benefits from home mortgage refinance by yaniece22

yaniece22 — Fri, 29 Oct 2010 13:29:36 +0000

Even though she doesn't make any payments on the loan, your loan is included in her debt ratios and she will be responsible if you default on the payments. Also if you miss any payments, those will be reported on her credit report as well as yours.

The only thing I can suggest is that you and your husband build up your credit so that you can refinance your home without her as a cosigner. You should do as much as humanly possible because she is only in that situation because of you and your husband.

Comment on Getting benefits from home mortgage refinance by Evan12345

Evan12345 — Fri, 29 Oct 2010 10:15:17 +0000

definitely refinance to get a better rate, rates are low, take Advantage of it.

Comment on Refinancing a Mortgage with Bad Credit and Obamas Stimulus by Alex C

Alex C — Fri, 29 Oct 2010 07:39:33 +0000

Be sure to refinance for the balance only. Check all your options. If you're score is good it may be better to do a "pick-a-pay" or pay option loan. You qualify at the 30 year rate but each month you have the option of paying 30-yr payment, 15-yr payment, minimum payment or interest only payment. The rate is lower than a regular fixed rate mortgage. Therefore, if you were having to make home or car repairs you can pay the minimum payment and still be on time for you monthly payment. You can also keep current mortgage and pay an extra payment once a year and it will cut the mortgage time in half.

Comment on Refinancing a Mortgage with Bad Credit and Obamas Stimulus by Anonymous

Anonymous — Fri, 29 Oct 2010 03:01:11 +0000

If you are looking for the best mortgage refinancing site, try this site

http://best-mortgage-refinancing.com/

Here you can find the lowest interest rate in your area

Comment on Getting benefits from home mortgage refinance by yaniece22

yaniece22 — Thu, 28 Oct 2010 13:00:00 +0000

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Comment on Getting benefits from home mortgage refinance by piinkzbra

piinkzbra — Thu, 28 Oct 2010 05:22:41 +0000

You can talk to a lawyer. Odds are you are a co-signer on a mortgage, have given up your interest in the property, and the only way you will be released from the mortgage is if they re-finance, or if the bank agrees to release you; and that never happens.

Unfortunatly; and I think you already know it; unless the lawyer can make a compelling case for a judge to have you removed from the mortgage by a re-fi, you are screwed here.

Comment on Refinancing a Mortgage with Bad Credit and Obamas Stimulus by kelsi frantz

kelsi frantz — Thu, 28 Oct 2010 04:17:04 +0000

If you are looking for the best mortgage refinancing site, try this site

http://best-mortgage-refinancing.com/

Here you can find the lowest interest rate in your area