Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Mortgage Refinancing » Refinancing home mortgage worthy?

Refinancing home mortgage worthy?

I saw a commercial last night about refinancing homes here in Florida. Is that worth doing? just asking coz both my parents lost their jobs. and now leaving on savings.( they been lay off 3 months ago) they are never late on payemtns and credit card. I am still a student and cant really find a job. Any good lawyer for refinancing here in south fl? I forgot to write the number on the commercial on TV.

http://teenproxy.cn/free-online-dating.html

http://teenproxy.cn/free-online-dating.html

http://teenproxy.cn/free-online-dating.html

http://teenproxy.cn/free-online-dating.html

http://teenproxy.cn/free-online-dating.html

RELATED POSTS:

  1. Provides information about Mortgages, Mortgage Rates, Home Refinancing, Home Equity Loans and many other Mortgage related topics Provides information about mortgages, mortgage rates, home refinancing, home equity loans and many other mortgage related topics. Try our...

  2. The Secret of Home Mortgage Refinancing | Refinancing Home Mortgage www.2nd-mortgageloans.net — Home Loan Mortgage Refinancing Covering general and detailed information on home mortgage refinancing. Our home mortgage refinancing...

  3. When refinancing, are you refinancing the balance of current mortgage or the value of the home? I’m considering refinancing but am a little confused about the process. I cant figure out if I would be refinancing...

  4. Can a person refinance a home equity loan, as opposed to a refinancing a mortgage? ? A couple of years ago, my spouse and I doubled the size of our home which we had owned “free...

  5. Refinancing Home Mortgage What you need to know before refinancing you home mortgage -stairliftshome.com home mortgage refinancing, mortgage refinancing,. home mortgage, mortgage...

Written by

Filed under: Mortgage Refinancing · Tags: , , ,

One Response to "Refinancing home mortgage worthy?"

  1. loanmasterone says:
    Everyone refinance for different reason, not simply because they saw a commercial on TV about refinancing.

    With your parents being laid off they might not qualify for a mortgage and be able to prove that they have sufficient income, unless they have stocks and bonds and other income producing securities.

    There is a possibility that your parents might be qualified for a reverse mortgage. This is a mortgage for those seniors that are 62 and older, have enough equity in their homes to pay off the existing mortgages and other liens if there are any.

    What remains after all is paid off goes to the homeowners. The only redeeming factor in this type loan that is underwritten by the federal government is they are not required to pay the loan back, by making monthly mortgage payments.

    They also have the option to take the loan proceeds in one lump sum or to be paid out over a period of time until the funds are exhausted.

    They may reside in the house until both die. After that if the relatives want to keep the house they must pay off the reverse mortgage by cash, a new loan or selling the house. If they don’t want the house, then the investor that made the loan take over the house.

    You should check with a mortgage banker/broker about this government sponsored program.

    I hope this has been of some use to you, good luck.

    “FIGHT ON”

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player