2007-12-17 09:34:10 · 3 answers · asked by renan h 2 in Business & Finance ➔ Renting & Real Estate
First forget people like Marty whose only way to get clients is to spam websites with his bs information.
You need the same requirements to refi that you do to buy. That includes a good credit score and equity or money to buy the loan down. A job and you will have to qualify for the loan.
More info would get you a better answer though.
2007-12-17 09:52:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You need to have equity, income, and a decent score. If you already have an FHA mortgage it is possible to do a streamline finance that doesn't require as many updates to your prior info. FHA has the highest LTV ratio's for no cash out it will refi up to 97.75% of your appraised value;FHA cash out will go 95% of appraisal value.
2007-12-17 23:13:41 · answer #2 · answered by yourmtgbanker 5 · 0⤊ 0⤋
It is my understanding besides good credit scores. You must have seasoned money of about 3-6 months of payments in the banks every lender is different of course. Also you must have at least a 80-90% Ltv
2007-12-17 17:47:07 · answer #3 · answered by Big Deal Maker 7 · 0⤊ 0⤋