Can I refinance a home equity loan if I've only had it a couple of months? - ltv home equity loan
Problem, we have recently had our house for sale, but they have since changed my mind. We asked a small home equity loans through our bank (17,000), so my husband could buy a car and pay some bills. Meanwhile, one of the major mortgage partners, we also asked about the loan we were told that all consolidate our debt and save $ 600 per month, even if we double our payment. Then we went to a closer cooperation, but when I walk through the process with them, turned around and said that since our house has been on the market recently, we wait 60 days, have to get a loan. (which is 100% capital guarantee LTV) My question is if we start with the smaller loans from our bank (which is not 100% LTV would not exist) could, in fact, get a loan for a few months, the road to pay the loan of 17,000 and pay the rest of our debt? Is there a rule for how long after I apply for a mortgage loan before another
Sunday, January 3, 2010
Ltv Home Equity Loan Can I Refinance A Home Equity Loan If I've Only Had It A Couple Of Months?
2 comments:
Yes you can. However,
You must pay the costs of the proceedings completed twice.
Often there is a penalty for early repayment of home equity loans, which it in 2 or 3 years in the area.
High LTV loans will probably be at a higher interest rate.
Take advantage of these two aspects into account before making its decision
Yes you can. However,
You must pay the costs of the proceedings completed twice.
Often there is a penalty for early repayment of home equity loans, which it in 2 or 3 years in the area.
High LTV loans will probably be at a higher interest rate.
Take advantage of these two aspects into account before making its decision
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