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Mortgage Community Forums | Forums: Learn from other's experiences | RE FINANCE Non - owner occupird

RE FINANCE Non - owner occupird

Posted on: 23rd Apr, 2009 06:12 am
I would like to fe-finance a house i signed for my sister about a year ago. There credit was bad and couldnt get a loan. I dont live there and never did. Its only been a year can i re-finance?
hi

if your sister's credit is still bad, she won't be able to refinance because the credit requirements have now become very stringent. if you have a good credit, may be you can refinance it in your name.
savior70
Posted on: 23rd Apr, 2009 07:32 am
Well, if it's a Freddie Fannie Loan you can refinance after May 2nd if your equity is down. You can call (866) 717-4493 and check with these guys if you qualify.
srleee
Posted on: 23rd Apr, 2009 10:17 am
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