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gailthompson57 · Joined: 11 May 2009 Posts: 2 1.72 Dollars($)

I tried Lending Tree you have to refinance for $100,000 or more, my home is worth approximately $65,000 and I owe about 17,000 on it, my credit is fair, discharged chap 13 bankruptcy 2007, and I have restablished my credit .

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

If you are tryign to refinance $17000, it is too low. Most of the lenders will not agree for it, becuse the cost associated with processign a loan is too high.

jnoa · Posted: Mon Jun 01, 2009 7:37 pm Post subject: Depends

If you only owe $17,000 you would be better off just paying a little extra on the principal each month to pay off the mortgage earlier, as any mortgage would not be worth the costs associated with it for a rate and term. If you were looking for cash out, you can go up to 85% of your home value, which at 65k would be $55,250, and some mortgage bankers and brokers will work with you on that amount.

Guest

yes, i need cash, there are a few things I need to do, any mortgage company suggestions

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

WHy do not you try a personal loan?

Also social lendign network on the internet woudl be another place to look for soem loan.

gmakerley · Posted: Tue Jun 02, 2009 8:59 am Post subject:

you can find financing easier beginning at $50000 and up, but you'll note that rates/fees would be higher than with a much larger loan. lots of lenders simply don't want to get into the small loan market, because the benefit is just not big enough. the work to do the loan is the same as for a million dollar loan, but the reward is negligible.

personal loans may be an option, but there are few who would grant such a loan for an amount as high as you've noted.

jnoa · Posted: Tue Jun 02, 2009 10:02 am Post subject: Some companies

Depending on your location (I know of a few on the east coast) I can point you in the right direction, I don't want to solicit though. You can contact me at my number below if your in my area and I can see if I can help you out.

Company	Loan Type	APR	Est. Pmt.
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How can I select a mortgage company that will refinance for $65.000?