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Is refinancing my best option?

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Icon Mini Profile childerstruckstop





Joined: 28 Sep 2009

Posts: 1

1.35 Dollars($)
Post Posted: Mon Sep 28, 2009 7:40 am    Post subject: Is refinancing my best option?
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I own my home but I do not live there my sister pays the mortgage but she does not have good enough credit to buy the house from me what is my best option in order for me to refinance my house and pay off my credit cards and hopefully get some extra cash in order for me and my husband to start our conveinence store business- a brief story about that the state is buying the family store and what we would like to do is to go ahead and start some rebuilding, the state will settle up with us by the end of the year being split 3 ways we should get close to 350,000 each
Icon Mini Profile gunzijjistaff
gunz.ijjistaff




Joined: 07 Apr 2009

Posts: 712

4.51 Dollars($)
Post Posted: Mon Sep 28, 2009 7:52 am    Post subject: http://www.mortgagefit.com/refinance.html
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Hi childerstruckstop,

Welcome to our forum.

Yes you can know more about refinance mortgage on our forum please visit http://www.mortgagefit.com/refinance.html

Thanks & Regards.
gunz.ijjistaff
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10038
Location: Alaska
920.62 Dollars($)
Post Posted: Mon Sep 28, 2009 11:57 pm    Post subject:
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Hi childerstruckstop!

Welcome to forums!

Depending upon the equity you have in the property, you will be able to refinance the loan. If the property has at least 20% equity, then you would be able to refinance the loan. Apart from the equity, your credit score and income would also be considered while your loan is refinanced.

Sussane
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