Refinancing could present a method to use your home as collateral for cash-out purposes or for a small business loan. A home mortgage lender may provide you with the proceeds you need if your home has enough equity to meet your goal. Generally, you'll need to present sufficient credit and income to qualify for the type of loan you need.
Instructions
- 1
Locate the approximate value of your home. Use online valuation tools to view the estimated value for your home (see Resources). Review selling prices of recently sold properties in your area that compare to your home in size and features.
2Visit neighborhood banks and credit unions to discuss obtaining a loan against your home, as well as online lending sources (see Resources). Inform a loan officer of the purpose for your loan request. Mention refinancing to pay off an existing loan, while using your home as collateral for a new loan. Provide details about your home, its estimated market value and the approximate amount owed on your mortgage loan.
3Apply for a home mortgage loan. Provide personal information, such as your Social Security number and your home address to enable the banker to perform a credit check. Complete any remaining forms the bank requires.
4Meet with a home appraiser. Your banker should arrange for an appraiser to check the basic condition and value of your home. Clean the inside and outside areas of your home before the appraiser arrives. A neat home may enhance the collateral value of your property, as curb appeal and condition could impact your home's value.
How to Refinance Your Mortgage While in Chapter 13 Home
homeguides.sfgate.com Chapter 13 Bankruptcy & MortgagesHow to Refinance Your Mortgage While in Chapter 13 by Ray Cole. Refinance your home loan. house image by Byron Moore from Fotolia.com
Refinance Calculator ML - Mortgage Rates, Refinance Rates, Home ...
www.mortgageloan.com/refinance-mortgageRefinance Calculator No Cost Refinance FHA Refinance Mortgage RatesCompare refinancing rates and learn more about how to refinance your mortgage. Use our refi calculator to estimate your potential savings.
How to Use Land as Collateral for a Home Loan Downpayment
www.ehow.com Personal Finance Real Estate Financing a HomeHow to Use Land as Collateral for a Home Loan Downpayment. Land value, or equity in land, can be used as the equivalent of cash for a down payment when building a home.
Using Your Home as Collateral Consumer Information
www.consumer.ftc.gov/articles/0245-using-your-home-collateralMoney & Credit; Homes & Mortgages. Home Loans. Deceptive Mortgage Ads; Facing Foreclosure? Facing Foreclosure? Bookmark; Forensic Loan Audits; Getting Mortgage
Roughly how much does it cost to refinance a home mortgage ...
answers.yahoo.com/question/index?qid=20080130172239AAe2Y1JLast updated: Jan 31, 2008 4 posts First post: Jan 31, 2008Jan 31, 2008 Best Answer: If you go directly to a bank and don't use a broker you will have the following expenses. Appraisal: 200 to 450 dollars Loan under writing ...
How To Use Obama's Mortgage Stimulus Plan and Refinance a
ezinearticles.com Real Estate Mortgage RefinanceApr 16, 2009 President Barack Obama has enacted a mortgage stimulus plan which will allow millions of homeowners the opportunity to refinance their home mortgage
Using Your Home As Collateral For a Secured Loan
ezinearticles.com Finance LoansJul 29, 2008 If you are in a financial spot and you are looking for a way out, then you may want to use your home as a form of collateral for a secured loan.
Mobile home loans - How to qualify and what are the options?
www.mortgagefit.com/mobile-homeloan.htmlGet to know about mobile home loans. Know how to qualify for it and refinance it. Know if mobile home loans for bad credit are available or not.
Refinance Mortgage - How much to save by refinancing
www.mortgagefit.com/refinance.htmlCheck out refinance mortgage tips, why and when to refinance, refinancing faq and calculators and know if bad credit refinance is available.
How to Use My Home As Collateral for a Loan eHow
www.ehow.com Personal Finance Real Estate Home EquityHow to Use My Home As Collateral for a Loan. If you're in need of a loan for any reason, from college tuition to starting a business, you'll probably need some form ...
How to finance a business. Business Loan, FICO score,
www.myownbusiness.org/s8Learn how to finance your business. Locate, negotiate for, and maintain sources of money to help you start and expand your business.
Refinance Mortgage - Compare Mortgage Refinance Rates
refinancemortgagehq.comRefinance your mortgage at the best interest rates. Compare rates from multiple providers near you.
How long do you have to wait to refinance - The Q&A wiki
wiki.answers.com Mortgages Home Equity and RefinancingAnswer How long do you have to wait to refinance?? Ok this all depends on a couple of items. First did your loan have a prepayment penality??. If so I would recommend ...
How to Get Your Best Refinance Ever - Bad Credit Mortgages, No ...
www.mortgage-helper.com/refinance.htmlHow to Get Your Best Refinance Ever Save thousands of dollars by learning the inside secrets the lenders won't tell you. Refinancing: Getting the Best Deal
Answers to Mobile Home Questions - Florida Mortgage Florida ...
www.fhamortgageprograms.com/faq/mobile-homes.shtmlAnswers to Mobile Home Questions Manufactured Home Q&A That Mean Something Can I finance a used mobile home? When shopping for a mobile home, what ...
5 Tips for Using Collateral to Secure a Small Business Loan
www.inc.com/guides/201101/5-tips-using-collateral-to-secure-a...Almost all banks require a small business to offer collateral for a loan. Here are a few tips on how to use your assets to secure financing for your company.
Bankrate - Mortgage Rates Credit Cards Refinance Home CD
www.bankrate.comMortgage Calculator Calculators Free Mortgage Calculator RefinanceCompare mortgage, refinance, insurance and CD rates. Expert analysis of home loan finance topics and trends.
Home Equity Loans and Credit Lines Consumer Information
www.consumer.ftc.gov/articles/0227-home-equity-loans-and-credit-linesMoney & Credit; Homes & Mortgages. Home Loans. Deceptive Mortgage Ads; Facing Foreclosure? Facing Foreclosure? Bookmark; Forensic Loan Audits; Getting Mortgage
0 komentar:
Posting Komentar