Posted on: 09th Sep, 2010 09:26 am
i own a home in suffolk county- southampton township,new york state- with my husband ( i added him on my deed as husband via a sale $ bargain deed)
i m the only one on morgage and i'm the only one payiung it
i refinanced in 2004 and took an aditional home equity loan to build the second story to the house
i added my husband on the deed in 2008
my rate for mortgage is now 6.7%
can i refinance again at a lower rate and get some cash?
my house is worth now 550k acc to last apraisal when i got the c of occupancy
i owe 180k to mortgage co
how much cash can i get if i refinance ?
can i do the refinancing without my husband involved?
in case if divorce is he entitaled to some of the cash from refi( being is borrowed against the home equity and he is on the deed too as i mentioned)?
i intend to pay the refi on my own
thank u
i m the only one on morgage and i'm the only one payiung it
i refinanced in 2004 and took an aditional home equity loan to build the second story to the house
i added my husband on the deed in 2008
my rate for mortgage is now 6.7%
can i refinance again at a lower rate and get some cash?
my house is worth now 550k acc to last apraisal when i got the c of occupancy
i owe 180k to mortgage co
how much cash can i get if i refinance ?
can i do the refinancing without my husband involved?
in case if divorce is he entitaled to some of the cash from refi( being is borrowed against the home equity and he is on the deed too as i mentioned)?
i intend to pay the refi on my own
thank u
Hi Oliviabc11,
Welcome to mortgagefit,
I am not sure about the exact figures that how much you could be able to cash-out.But we have total 42 calculators on this website so you can refer either of them whichever suits you.
In my opinion this calculator may go close to what you are searching for.
http://www.mortgagefit.com/calculators/cashoutrefinance-secondloan.html
Feel free to ask any further query.
Thanks
DIPA
Welcome to mortgagefit,
I am not sure about the exact figures that how much you could be able to cash-out.But we have total 42 calculators on this website so you can refer either of them whichever suits you.
In my opinion this calculator may go close to what you are searching for.
http://www.mortgagefit.com/calculators/cashoutrefinance-secondloan.html
Feel free to ask any further query.
Thanks
DIPA