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If you own 50 percent of a property can your co-owner refinance without your consent?
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∙ 17y ago
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What is a 125 percent refinance home equity loan?
According to information that is available to view on finance websites that offer information about loans and how they work, the information states that a person or persons owning a property may be able to secure a 125 percent refinance equity loan with the condition that it is not to pay another loan or debts off.
What are the lowest refinance mortgage rates?
The lowest mortgage refinance rates are currently around 2 percent.
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.
Do you need an appraisal for a fifty-percent loan to value ratio refinance?
No, you do not need to have a fifty-percent loan to value ratio to refinance. There are many many loan programs that will allow you other ratios and consider an overall financial picture of the situation so that you can refinance.
Is there a law that says when you refinance your home you get a 4 percent discount or 4 percent rebate for refinancing?
No, there isn't.
What are current refinance rates in the US?
The average refinance rate in the united states is currently at a record low. A 15 year loan is as low as 2.61 percent. For a 30 year loan it is a mere 3.4 percent.
What are the California refinance rates?
The refinance rates you can find in California are not the same across the board in California. They can range anywhere between three percent or fifteen percent. Usually they are around four or five percent. The current refinance rates are running between 2.23% and 3.5%. These rates will be variable based upon the credit of the person applying. These rates also change on a daily to weekly basis.
If I currently don't pay PMI but refinance and my home value has decreased to having less than 20 percent equity would I now have to pay PMI if I refinance?
Yes you will.
If your chapter 7 bankruptcy was discharged six weeks ago what are your options for a refinance?
You can quite possibly refinance up to 80 percent of the value of your home and get some cashout with a decent rate.
Why is it bad to do a 100 percent refinance?
If you refinance and you don't have enough equity in your home, then you are paying refinance fees and adding to your debt, plus your house isn't worth what you are paying so there is more liability to the bank. Banks don't like to take risks on the owner defaulting since they rarely get what the house is worth if they have to foreclose.
Rights of 25 percent ownership of property?
I will assume you are referring to a twenty five percent undivided interest in real property. A person who owns an undivided twenty percent interest in real property has the right to the use and possession of the whole property. If the property is partitioned or sold that person will receive twenty five percent of the net proceeds from the sale. That person should also be responsible for paying twenty five percent of the costs to maintain the property unless some other arrangement is agreed to by the other owners.
Should you refinance your mortgage if your current rate of interest is 15 percent?
If your current rate of interest is 15%, whether your refinance your mortgage is something you should discuss with your bank or financial advisor. If you think you could be getting a better rate, you can take it up with them.
