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Company Loan Type APR Est. Pmt.

charge off on my credit and looking to re-fi my home loan!

Posted on: 03rd Aug, 2009 10:42 am
I have a fairly recent charge off on my credit. I am making payments on the debt, but didn't have the large chunk of money they wanted to keep this charge off from showing up.
I have always paid my mortgage on time, nearing 3 years of home ownership and always paid on time.
We are a military family and it's near time for us to move to our last duty station, we retire after that. Before we leave I was hoping to re-finance my home loan. We leave next March. Is this going to be possible with a charge off on my credit report?

J.
will you have sufficient equity in your home to pay off the charge off at the time of your refinance? most lenders will allow that. all lenders, i believe, will require you to pay it, but not necessarily before the refinance transaction.
Posted on: 03rd Aug, 2009 10:43 am
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