Posted on: 18th Mar, 2010 05:02 pm
Capital one loane. I bought mix usde biulding commercial in 2002 first floor is reatail and second floor is appartment I lost my bessenes in 2007 I am driving taxi in boston tryin to m/ake it my family leave in sec@on floor try to work withem they are not helpfull and they play me for over 2 years and they never put me throug the right person so if you can help will be big plus I have four kids trying to survive ihad left 12 years with them I owe the 128000 I pay 1957 a month so I thout to refainese will be great for my situation and thank youI
hi eaddeche!
welcome to forums!
you would be able to refinance the loan only if you've equity in the property. depending upon the equity that you have in the property, your credit score, dti ratio, etc. you would be able to get a loan. in case, your property is underwater and you are unable to pay off the dues but want to save the property, then you should apply for a loan modification. depending upon your financial situation, you would be able to get a modification. it will help you in either reducing your principal balance or reducing your interest rate which will make it affordable for you to pay off the loan.
feel free to ask if you've further queries.
sussane
welcome to forums!
you would be able to refinance the loan only if you've equity in the property. depending upon the equity that you have in the property, your credit score, dti ratio, etc. you would be able to get a loan. in case, your property is underwater and you are unable to pay off the dues but want to save the property, then you should apply for a loan modification. depending upon your financial situation, you would be able to get a modification. it will help you in either reducing your principal balance or reducing your interest rate which will make it affordable for you to pay off the loan.
feel free to ask if you've further queries.
sussane