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RE FINANCE Non - owner occupird

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RZ442002@YAHOO.COM

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Post Posted: Thu Apr 23, 2009 6:12 am    Post subject: RE FINANCE Non - owner occupird
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I would like to fe-finance a house i signed for my sister about a year ago. There credit was bad and couldnt get a loan. I dont live there and never did. Its only been a year can i re-finance?
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Icon Mini Profile savior70





Joined: 25 Mar 2009

Posts: 1895
Location: Florida
261.84 Dollars($)
Post Posted: Thu Apr 23, 2009 7:32 am    Post subject:
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Hi

If your sister's credit is still bad, she won't be able to refinance because the credit requirements have now become very stringent. If you have a good credit, may be you can refinance it in your name.
Icon Mini Profile srleee





Joined: 23 Apr 2009

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Post Posted: Thu Apr 23, 2009 10:17 am    Post subject:
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Well, if it's a Freddie Fannie Loan you can refinance after May 2nd if your equity is down. You can call (866) 717-4493 and check with these guys if you qualify.
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