Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

borrow refiances mortgage and co borrows is free to go does he cash

Author Message
Icon Mini Profile memorila





Joined: 01 Aug 2011

Posts: 1

1.24 Dollars($)
Post Posted: Mon Aug 01, 2011 12:59 am    Post subject: borrow refiances mortgage and co borrows is free to go does
Like 0
Dislike 0

co borrow get cash
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Mon Aug 01, 2011 1:03 am    Post subject:
Like 0
Dislike 0

Hi memorila,

I don't think the co-borrower is liable to receive any cash when the primary mortgage borrower refinances the mortgage in his/her name.

Thanks
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12376
Location: bloomfield, ct
58.49 Dollars($)
Post Posted: Mon Aug 01, 2011 9:04 am    Post subject:
Like 0
Dislike 0

Any cash to be provided to a "co-borrower" is at the discretion of the borrower.
_________________
George M. Akerley
Mortgage Underwriter/Consultant
Word of Excellence- Writing/Editing/Proofreading
860-221-5044
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.052 seconds.