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henrymr

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0.10 Dollars($)

PostPosted: Wed Apr 12, 2006 1:56 pm    Post subject: refinance my mortgage

I need to refinance my mortgage. Can I refinance a condo while our HOA is having a court case with the developer?
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stevenson

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0.10 Dollars($)

PostPosted: Wed Apr 12, 2006 2:01 pm    Post subject:

It can impact your ability to get financing with the home owner association having a court case with the developer. You must inform the lender about the litigation matter while you approach.
 
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Icon Mini Profile Samantha
Samantha
Community Mentor
Community Mentor

Joined: 16 Sep 2005

Posts: 1535
Location: MASSACHUSETTS


136.50 Dollars($)

PostPosted: Wed Apr 12, 2006 2:13 pm    Post subject:

Hi,

The litigation proceedings may limit your scope of getting too many lenders but, it is possible to get financing in this situation, with some lenders.

You may require a higher percentage of equity on your property in some cases. Also, some lenders may charge you higher interest rate.

God bless you.

For MortgageFit,
Samantha

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