Posted on: 24th Mar, 2009 01:41 pm
have a mortgage on property already. would like to take out second mortgage. with enough money to pay off previous mortgage.with money to pay off other bills.
guest you are not looking for a second mortgage. that would be in addition to what you currently have. what you've described is a new first mortgage that will replace the one you have and provide you with additional fund with which to pay the other bills you mentioned.
am i right?
if i'm right, there are plentiful lenders on this site, from whom you can obtain information about what is really a refinance transaction.
am i right?
if i'm right, there are plentiful lenders on this site, from whom you can obtain information about what is really a refinance transaction.
Hi
I think what our guest is looking for is a cash-out refinance which will help him/her pay off the existing mortgage as well as other bills. Well, to qualify for such a refinance, there has to enough equity in the property and a very good credit score.
I think what our guest is looking for is a cash-out refinance which will help him/her pay off the existing mortgage as well as other bills. Well, to qualify for such a refinance, there has to enough equity in the property and a very good credit score.
