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Discussions tagged with 'Refinance Mortgage With Bad Credit'
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I have a mortgage with a local credit union. They gave me a home equity loan a few years back, and then it became due. When it became due, they rolled together my original mortgage and my home equity loan into one payment, but they only gave me a 3-year note at a low interest rate. They promised me that after the three years, they would give me a 30-year at the going rate. Right now my they’re calling my three-year loan due, and they refuse to give me a 30-year. We are senior citizens, but we both work full time, make over 250k and have 100,000 in equity in our house. The credit is low because of a failed business venture. It was perfect before. My wife had started a business, and it just didn’t make it. She has recently obtained a full-time job, and together we make over 250,000 and do not want to lose our house. Can you help us with anything like that? What I’m looking to do is take out the loan in my own name, removing my wife. She is the one who had the failed business and had to file for bankruptcy because of it for the business bills. So I’m looking to refinance in my name only. It’s OK if she’s on the title, just not on the mortgage. And you can consider her income as well. Now we only have a house and car payments this. This is in Michigan. Can you manually underwrite or possibly work on a bridge loan? I would appreciate any help you could give us.
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