Posted on: 07th Jun, 2011 05:27 am
will any lender refinance me i only need 45.000.if yes ,what is requiered? do i need a down payment. an appraisal fee and closing cost?everthing was done one year ago when i bought it.its an arm,but i am looking for a fixed rate.would you refinance me?
There is much more info that would be needed to see if you qualify. State, current loan amount, current payment, taxes, insurance, other debts you carry, income, assets, credit score, payment history, property value, etc. If you have enough equity, verifiable income and assets, good credit then when you refinance, you use the equity in the home to cover closing costs. You would not need a down payment. Would need much more info for an accurate quote.
Hi hellruth,
If you have equity in your property, then you should contact your lender and apply for a refinance. You will have to appraise the property and check out if there is any equity in it. When you go for refinance, you'll be liable for paying the closing costs.
This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and check out if they can help you in getting a loan.
If you have equity in your property, then you should contact your lender and apply for a refinance. You will have to appraise the property and check out if there is any equity in it. When you go for refinance, you'll be liable for paying the closing costs.
This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and check out if they can help you in getting a loan.
