Posted on: 02nd Sep, 2010 05:50 pm
I called my bank today to start refinancing my mortgage with a new co-signer who has better credit than I do. They told me that by law they cannot re-finance with a new co-signer, just the people that are originally on the first loan. Is this true? What are they talking about?
hi guest,
i haven't heard of any such rule which states that you will have to refinance the loan with the help of the same co-signer. i would suggest you to speak to other local lenders and apply for a refinance and check out if they can help you with a loan if you want to add a new cosigner to it.
thanks
i haven't heard of any such rule which states that you will have to refinance the loan with the help of the same co-signer. i would suggest you to speak to other local lenders and apply for a refinance and check out if they can help you with a loan if you want to add a new cosigner to it.
thanks