First they said no deal.I was going to pay cash. Now they show deal went through. I signed the contract but was denied. Now mortgage co. is asking what's up.
2006-07-26 05:34:30 · 4 answers · asked by Chrissy w 2 in Business & Finance ➔ Personal Finance
I decided to refinance after the fact. I'm not in debt. I actually at this point, have no debt.
2006-07-26 06:27:17 · update #1
Well, except for the house.
2006-07-26 06:27:40 · update #2
Call the financing company which was going to give you the car financing and ask them. Also go to the dealership with your credit report in hand and ask them whats up as well because you paid for a car and you are not driving it. Funny thing is they will probably try to sell you another one. If you were going to pay cash for the car than why would they need to run your credit? Get the information from the mortgage company who pulled your credit and call the reporting company about the situation.
Tip: During a refinance on a home or purchase of a home do not pull or purchase anything with new credit. Lenders dont like it and will deny your loan which in todays market means you lost a good interest rate.
2006-07-26 06:33:18 · answer #1 · answered by Openthathouse.com 4 · 0⤊ 0⤋
I guess im having a hard time understanding your question... You are atttempting to refinance, and you then went to buy a car...The car loan was then denied??? Did you end up paying cash???
If that is the case, then you need to have the car company remove it from your report...If you dont have the car, or the car loan then it should not report...
If the bank is giving you problems, then it sounds like you need to start over, go to a new bank, AND MAKE SURE NOT TO PULL YOUR CREDIT AGAIN WHILE THE NEW MORTGAGE COMPANY IS PROCESSING YOUR LOAN!!
My name is Jason Fry, and i work for Providential Bancorp, a nationwide mortgage lender... Feel free to give me a call at 312-264-6448, or email me at jasonf@providential.com..
i would be happy to help!
good luck!
Jason Fry
licensed mortgage originator
Providential Bancorp
2006-07-26 08:16:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You financed a depreciatting asset for 5 YEARS?!?!?!?!?!?!!? Are you out of your concepts? My suggestion is to sell it and purchase an excellent USED motor vehicle for funds!. Of cousre, till you made a large downpaymnet, you're very upside-down and owe so lots extra effective than that's quite worth. you have quite made some undesirable financial judgements! stop IT. initiate residing on decrease than you earn. save up an emergency fund of three to 6 month's costs. Pay funds for issues you elect. stop attempting to stay above your ability. A broke individual with unfavorable credit rankings should not be using a financed motor vehicle!!! circulate get and examine Dave Ramsey's e book - the finished funds Makeover. Get a 2d (or 0.33) activity and PAY the motor vehicle OFF ASAP. you would be waiting to make an added $3 hundred fee each and each month or probably another week and pay it off in a lots speedier time-physique.
2016-11-03 01:08:17 · answer #3 · answered by ? 4 · 0⤊ 0⤋
I think you need to read Dave Ramsey's book The Total Money Makeover. www.daveramsey.com
Good Luck
2006-07-26 05:38:05 · answer #4 · answered by snvffy 7 · 0⤊ 0⤋