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Does anyone refinance during chapter 13 without paying off

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troycarpe



Joined: 04 Jul 2005
Posts: 2

PostPosted: Mon Jul 04, 2005 8:21 pm    Post subject: Does anyone refinance during chapter 13 without paying offReply with quote
We have made 16 chapter 13 payments and have 20 left of 547--
Will anyone refinance our mortgage without having to pay off entire amount of debt we wrote off in our chapter 13 filing-- i. e. just pay the remaining 20 payment times 547==
We have 225k appraised home -137k first and 29k second
We have a mid score of 603 and income of 93k
We have one car payment of 453
first is 1500
second is 543
chapt 13 547
Will anyone refi us without having to pay off the 90k in debt we wrote off
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The Mortgage-Pro
Site Admin


Joined: 19 Jan 2005
Posts: 2248

PostPosted: Tue Jul 05, 2005 1:32 am    Post subject: Reply with quote
Most banks will require you pay off the chapter 13 debts with the refinance. What is the total of your chapter 13 debts?
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troycarpe



Joined: 04 Jul 2005
Posts: 2

PostPosted: Wed Jul 06, 2005 12:39 am    Post subject: Reply with quote
96OOO IN CHAPTER 13 DEBT
WHAT ARE THE RATES AFTER DISCHARGE WITH A MID 600 SCORE
ARE THE STILL SUB PRIME NOTES
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The Mortgage-Pro
Site Admin


Joined: 19 Jan 2005
Posts: 2248

PostPosted: Wed Jul 06, 2005 1:27 am    Post subject: Reply with quote
The sub prime or bad credit mortgage market is thriving. To get a rough idea of an interest rate I would need to know your loan to value and also when was your chapter 13 files and dismissed.
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