Posted on: 16th Jun, 2010 07:38 am
we had discharge in april 2010 from chapter 7. we continue to pay the mortgage for the house. the lender told me that we need to re- affirm the loan as a death and then they will start reporting to credit places. will that action help us refinance freddy mac * fanny may loan before 2 years? also we have variable rate now - good for now, but it will go up once the fed increase the rates.
thank you,
thank you,
Hi Milenka,
As per my knowledge the lender is absolutely correct. You need to reaffirm the loan in order to re-finance. Reaffirming the loan will also have positive impact on the credit.
Hope this will help you.
As per my knowledge the lender is absolutely correct. You need to reaffirm the loan in order to re-finance. Reaffirming the loan will also have positive impact on the credit.
Hope this will help you.