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Refinance

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gargoyle Guest	Posted: Thu Nov 17, 2011 10:51 am    Post subject: Refinance Like 0 Dislike 0 I have had my loan for 6 years, soley in my name. I married 4 months ago and i want to refinance to bring my payment down. My husband and i have separate finances. We both have a home. Do i have to use his income for my refinance? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 514 Location: Australia 82.40 Dollars($)	Posted: Thu Nov 17, 2011 6:31 pm    Post subject: Like 0 Dislike 0 Hello gargoyle, When a business refinances, it typically extends the maturity date. When individuals change their monthly payments or modify the rate of interest on their loans, it usually involves a penalty fee. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Nov 17, 2011 7:08 pm    Post subject: Like 0 Dislike 0 Hi gargoyle! Welcome to forums! If you don't want to add your husband to your property and mortgage, then you can use his income. If you don't want to do so, you won't have to include his income while you refinance. Feel free to ask if you've further queries. Sussane
raymond Community Expert Joined: 03 Jul 2009 Posts: 1189 Location: Irvine, California 27.86 Dollars($)	Posted: Fri Nov 18, 2011 9:04 am    Post subject: Like 0 Dislike 0 >>Do i have to use his income for my refinance? No _________________ Raymond Denton www.RaymondDenton.com
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Mon Nov 21, 2011 12:42 pm    Post subject: Income Like 0 Dislike 0 You do not need to use his income, but, if you live in a community property state, you may have to use his debts. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278
raymond Community Expert Joined: 03 Jul 2009 Posts: 1189 Location: Irvine, California 27.86 Dollars($)	Posted: Fri Nov 25, 2011 1:02 pm    Post subject: Like 0 Dislike 0 Good point, John. _________________ Raymond Denton www.RaymondDenton.com

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