For California, do both names on a mortgage refinance loan need to be on the house deed?
Jul 30, 2009 by Jules Z | Posted in Renting & Real Estate
I am in the function of refinancing my property with my father. Since both of our names will be in the mortgage loan, do CA laws required him to be on the house exploit or title too? He does not want interest in the property.
This is not acceptable, it is contractual, with the mortgage company.
The mortgage company is not going to lend your father money for property he does not own. He will have to be on the act.
Landlord | Jul 30, 2009
Your founder cannot give lender a security interest in the home when he does not own it.
Consider whether your father is co-owner, co-borrower or at most a guarantor. Discuss this with your lender.
chatsplas | Jul 30, 2009
mortgage refinance?
Jul 14, 2007 by blinkchick765 | Posted in Renting & Real Estate
My squelch and I bought a house in October with a no documents loan and ended up having to split our mortgage and have two smaller loans. Our mortgage servicer recently called and said that they have been not able to sell our mortgage and would refinance
It is spot on that they may not be able to sell your loan.
That isn't your problem.
The servicer is just servicing for whoever owns it today.
You may have an 80% 1st and a 20% 2nd (If you did 100% financing)
It
CommonCents | Jul 14, 2007
due get all the information and make a decision based on the total cost of the loan over its full term
John M | Jul 14, 2007
Mortgage Information : How to Refinance a First & Second Mortgage
Refinancing a first and support mortgage together is a simple process that is quite almost identical to a first mortgage refinance, but the two loans are ...
Creator: David Reed | Business & Economics - 2008-09-15
sonable payment for a mortgage. But refinancing takes much more analysis ...
Lenders can endeavour to make any refinance loan more attractive than it really is
. ...
Creator: David H. Autor, National Bureau of Economic Research | Business & Economics - 2009-11-01
For illustration, for mortgage refinance loans by federally regulated banks and
thrifts lending casing their CRA assessment areas, the probability of a ...
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