Posted on: 24th Aug, 2010 07:38 pm
i have 2 loans. one for well under what i owe on the house and one for farm equiptment to consolidate. i am getting a divorce and would like to combine both into my mortgage. this total may bring me very close to what my house is worth. normally they will only lend you 80% for a home loan is what i have been told by the credit lender. would this be different if i told him i was going to get a divorce? i heard that you could refinance up to 95% if you are going through a divorce. i do want the same terms and refinancing mostly to combine loans and lower interest rate. i have an fha loan now.
Hi bsills,
Getting a divorce won't chance the situation. I haven't heard any such law which would help you get a refinance up to 95%. The lender will lend you 80% for a home loan.
Thanks
Getting a divorce won't chance the situation. I haven't heard any such law which would help you get a refinance up to 95%. The lender will lend you 80% for a home loan.
Thanks