I would like to refinance my home for home improvements. I have been late on my mortgage payments several times. Will I still be approved to refinance ?
2007-08-21 11:50:44 · 3 answers · asked by shybutnaughty 1 in Business & Finance ➔ Renting & Real Estate
You should be able to refi your home, or get a home equity loan, assuming you have been up to date on your recent payments and have equity in your home. Rates may be higher though, so your best bet is to ask! You have nothing to lose, everything to gain. If you aren't comfortable with your current lender, ask another local lender, preferably someone who referred them to you. Good luck :)
2007-08-22 12:58:55 · answer #1 · answered by J k 3 · 0⤊ 0⤋
Depends on how much you owe compared to how much it is worth, if you have at least 20% equity there should be no problem if you financed 100% would say you have problems because it will not be worth as much as you owe in todays market
2007-08-21 20:03:01 · answer #2 · answered by Pengy 7 · 0⤊ 1⤋
You might be able to. But I have to tell you, that your rate may be higher and the qualifications may have changed.
2007-08-21 19:43:53 · answer #3 · answered by Alterfemego 7 · 0⤊ 0⤋