Posted on: 28th Sep, 2010 08:16 am
my mother is in a condo, was hit by a car has been out of work and only gets social security. she will be looking for a part time job at the the beginning of the year for more income. lives alone. wanting to see if we can refinance her condo to lower her morgage payment. are we able to refinance.
It will all depend on whether the numbers work out. No telling without understanding how much she makes + how much her payments will be.
We would need more details. What's the balance on her loan? What is the value of her home? What are the annual taxes and insurance? How much does she get from SS. ETC
