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It depends on how your mortgage / bankruptcy interaction works.
If you are making plan payments and arrears are included in the plan, it can require some re-figuring.
You should contact an attorney.
Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
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Can you leave a chapter 13 bankruptcy open and refinance your current mortgage if the mortgage is not included in the chapter 13?
Here is the short answer.........No. No lender will allow this. Lenders want you to be out of Bankruptcy.This is what I do refinance people out of bankruptcy early or arrange refinancing so that my clients can avoid bankruptcy or forclosure altogether. that is what you must do in order to refi your mortgage regardless of the mortgage status with your bankruptcy plan
How can you remove the cosigner from a mortgage?
You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.
When should one refinance their mortgage?
One could refinance their mortgage when the interest rate decreases. However, one must also think the amount they have to pay to refinance their mortgage.
How do you buy out a spouse's mortgage?
You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.
What are the basic requirements of a streamline finance?
"The first requirement of a streamline refinance is that the mortgage must be FHA insured. The mortgage must be up-to-date. The refinance must result in a lower monthly payment, but cash cannot be taken out on the refinanced mortgage."
How do you get your ex off of the mortgage without refinancing?
You can't. You must refinance.
What is the best way to refinance for a home mortgage?
The best way to refinance for a home mortgage is not the same for everybody. There are several factors one must consider such as credit score and interest rates.
How does one qualify for a mortgage refinance loan through the Bank of America?
To qualify for a mortgage refinance loan through the Bank of America you must have at least 5% equity in your home. You must also be current on your home loan payments.
Can I refinance my mortgage if I have low equity in my house?
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.
Can you refinance your house while you are in a chapter 13 bankruptcy?
If you own a home and you have made your payments on time to the bankruptcy trustee, you may be able to complete your bankruptcy very quickly. There are several thinks that must be considered. It is very important that you work with a Mortgage Lender who has a lot of experience in this type of refinance. If you have equity in your home you may be able to do a cashout refinance of the home and use the cash you take out to pay off the bankruptcy. This will require the approval of the bankruptcy trustee. Normally the best option for someone who wishes to do a cashout transaction is an FHA loan. You can get an interest rate that is aggressive and you will not have a prepayment penalty. Another factor is how long you have been in the bankruptcy.
How can one get a refinance mortgage loan in Spain?
In order to refinance a mortgage in Spain, a consumer must have the proper documentation and be the same as when the mortgage was originally applied for. The documentation would include passports, documentation of income and have a good credit rating.
Can a cosigner be removed from mortgage loan?
No. The loan must be paid off and you must refinance without the co-signer.
