Refinance Loan

Question and answers refinance loan information

My house is paid off and now looking to buy my half after a divorce, they want me to get a refinance loan?
does this sound right? Why do they call it a refinance if it is paid off?

Why would my ex-husband's mortgage company be asking for my refinance loan papers?
My ex husband is trying to purchase a house. When we divorce we agree that I give him a settlement. He got the settlement. Now, his mortgage company want to see my refinance papers to make sure that I really gave him the money that they see in his account. I told him that I will not give them my personal information, but I will give them a copy of our stipulations and agreement papers which are notorized and signed. If they are not satisfied with this, then I can't help them. What is the big idea? It seem like when you divorce someone you can't get rid of them.But, my personnel refinance papers with my personnel information on it. I do not trust that company anyway because my mom had a loan with them and her identity was stolen.

Should i refinance loan to avoid foreclosure when payment resets?
Situation Purchased new home built less than 2yrs. ago in Pittsburg,Ca. loan amount for 400k after 20 %down payment. loan program is a 5 1 option arm,interest rate fixed for 5yrs. 8.25 %. i'm only paying minimum payment from the 3 payment options.The minimum payment is a negative amortization. start rate is 2 %...so the monthly payment is very low but the interest is compounding at 8.25 % to the balance of the loan. FICO score is 729 renters has given 30 day notice. loan balance is now 430k and same home is selling for less due type of loan and recession.I know it's gonna take some time before home values start to incline on the graphs.I just want to be prepared during the housing market healing process. Based on this information can someone give me any helpful advice.It's my first rental property and i want to do this right,Economy sucks right now and i'm not gonna be a victim from it.I worked very hard to get this far and being a single parent w two daughters makes it more challenging.Thanks to those who respond.

How can I get a High-LTV ration mortgage refinance loan?
I have a recently purchased Condo in DC with a value that continues to tank with the economy. Currently have 2 mortgages on it making the LTV somewhere in the neighborhood of 110 percent. Looking to refinance I have relatively high income, excellent credit Property value approximately $250,000 and I owe $270,000 combined. Anybody know if I can even expect to find a lender in this economy willing to lend in this situation?

Is it common for lends to ask for you to live in the house for a year in order to qualify for a refinance loan?
the lender says that if we do not live in the house that we have lived in for 5 yearsand are refinancing for a 1 year the loan will come do on demand.

Are refinance loans backed by freddie mac dangerous?
I am thinking of refinancing my home. I can drop 2 percentage points off my current loan. The only problem I have is that the new loan is related some how to freddie mac. Is refinancing my loan to a FM backed loan a potential danger in the future? Or do I have nothing to worry about?

If a lender denies a refinance loan, does it have any consequence when I reapply with another lender?

How to mortgage refinance loan?

Who has the best refinance loans?
consolidation or mortgage refinance loans

Where can I get an auto refinance loan that will give me extra cash over and above the payoff for my car?
I want to do some extra work on my car to enhance it's value and condition, rather than just trade up. I like my car and I know what I've got into it already. I don't want to get another used car something that I have to start all over learning about, in terms of its mechanical needs. I just want to make my current car better, with the extra cash imbedded in the refinance.

Can all refinance fees be paid aside from refinance loan amount instead of adding them to new loan time frame?

How to get a copy of a (Fraud?) signature on an auto refinance loan?
My brother cosigned on a car for me and a year later I refinanced on my own without my brother. At least this is our recollection...we seriously do not remember him signing on the refinance...but his name shows up on the new loan. The company says they have his signature and said they would mail the doc's out but neither of us have ever received anything. They keep beating around the bush but wont supply us with a copy of the loan. I am 95 % sure he didnt sign a thing on the refinance and my brother says he didnt either. How do I go about getting these doc's since they have had ample opportunity. Any advice on how to go about this?

FHA refinance loan?
We are trying to do a cash out refinance and have already done the appraisal of our house. We are looking to do a 95 % cash out refinance and our mortgage broker suggested an FHA loan. It seems to good to be true. What are the downsides?

Should mortgage company legally charge me for cancellation a refinance loan after 45 days?
I signed a loan application on 1 10 09 for a refinancing loan and paid $300 to lock the interest rate. The loan officer say that we will closing the loan by the end of January, one day before the closing, he call and said that the under writer didn't get into my file because my loan was small and because the term of the loan. I told the loan officer that as long as we can close the loan by the middle of February. By the middle of February, there was no sign of a closing date, I've wrote a letter to cancel the loan. Within that day, they replied back and promise to closing the loan on Friday, February 27 at 12 00 noon. I show up for the closing and discover that the paperwork didn't get complete and they have move the closing to the following week. At that point, I told the loan office that the dealt is off and I want my appraisal to be forward to me. The officer mortgage company replied that I will have to pay $300 for the processing fee and will not get the appraisal as well as the $300 I have paid to lock the interest rate. Is this legal for them to do that. I want to take this company to court. I already wrote them a letter demanding them to return the appraisal as well as the $300. What is my chance of winning this case? Thank you.