Posts Tagged ‘Refinance’
Where can I refinance my home with bad credit scores even though I own 75% of it?
Jachac asked:
It seems nobody will touch me, I need the money to pay off some debt to increase my scores. It’s a catch 22. They say pay off some of these delinquent accounts to get your scores up and we will loan you the money. Well ,I need the money to get my scores up. I don’t get it, all I need is 15m. I have 150 thousand in equity on a 200 thousand dollar home. Right now I’m paying $500 a month on a interest only loan (12%) to a loan shark. I should be able to get a 7 or 8% loan if I could get my scores up. You would think with that much equity I wouldn’t have a problem but I guess it doesn’t work that way. What can I do?
It seems nobody will touch me, I need the money to pay off some debt to increase my scores. It’s a catch 22. They say pay off some of these delinquent accounts to get your scores up and we will loan you the money. Well ,I need the money to get my scores up. I don’t get it, all I need is 15m. I have 150 thousand in equity on a 200 thousand dollar home. Right now I’m paying $500 a month on a interest only loan (12%) to a loan shark. I should be able to get a 7 or 8% loan if I could get my scores up. You would think with that much equity I wouldn’t have a problem but I guess it doesn’t work that way. What can I do?
Posted in Renting Real Estate | 
Tags: Catch 22, Guess, Interest Only Loan, Need Money, Refinance | 
4 Comments »
where can i refinance my horrific ARM to a fixed rate mortgage with no regard to my D- credit rating 75k ann $
i need obviously non-traditional funding for refi my horendous ARM, unfortuneately, i have been snagged in the high debt credit trap and my fico score looms around 440 which equates i believe to a D on the new scale. The upside; i only have a first mortgage on my 200K property, i have a relatively good ann. sal of 75K job security (9 yrs.). please help !!!
By: jetatp
About the Author:
By: jetatp
About the Author:
Posted in Credit |
Tags: Credit Rating, Credit Score, Debt Credit, Fico Score, First Mortgage, Fixed Mortgage, Fixed Rate Mortgage, Job Security, Refinance, Regard |
3 Comments »
Homes have gone up in my area, can I refinance to get rid of the 2nd mortgage and just have one?
The rates are worse now than my first mortgage though…
By: Renegado
About the Author:
By: Renegado
About the Author:
Posted in Renting Real Estate |
Tags: 2nd Mortgage, First Mortgage, Mortgage Rates, Refinance |
4 Comments »
Refinance or not?
jeremy40484 asked:
I need cash to fix up my home so i looked online and found a website http://get-a-home-loan.net I got approved for a 4% fixed rate loan for 30 years. Is this a good idea Im at a 6 percent adjustable now. Which is best my credit isnt that great?
I need cash to fix up my home so i looked online and found a website http://get-a-home-loan.net I got approved for a 4% fixed rate loan for 30 years. Is this a good idea Im at a 6 percent adjustable now. Which is best my credit isnt that great?