Here’s the question: Sunnie asks, “So here’s the deal. My husband and I are trying to refinance the house I owned with my ex-spouse. Salary and credit we are approved for the loan. The appraisal is fine. My husband still has a mortgage with his ex. The decree states that she is responsible for the [...]

The question… “Our uncle died a few weeks ago and he quit claimed a deed to us for some property. It is a conventional insured mortgage. Will we have to refinance the mortgage or can we just assume it? We have been living in the home for 1 1/2 years and have made the payments [...]

The question… “Does the right to cancel apply when you refinance your loan with your existing lender? We are doing a no cash-out refinance (aka rate and term refinance) with our existing lender to a lower interest rate. We are not borrowing any additional funds and are paying for all closing costs by certified check [...]

The question… “I am refinancing my first mortgage with no cash out. I have a second mortgage equity line of credit and my first mortgage holder will not refinance unless I reduce my equity line amount from $21,000 to $5,800. My remaining balance on my first is $55,000. I have already re-subordinated the second mortgage. [...]

The question… “I’m in the process of refinancing my house into a lower interest rate and taking out the equity. The title search listed a lien from Mellon Bank. This was a line of credit loan taken out in 1992. In 2001 we filed bankruptcy & Mellon Bank was notified of the bankruptcy. The house [...]

Here’s the question… “I live in FL and currently have a fixed rate mortgage with Accredited Home Lenders. I have been contacted by PrimeLending (a PlainsCapital company), saying that they have a “partnership” with AHL and would like to see about moving me into a lower interest rate loan. AHL would pay my closing costs, [...]

I’ll reprint the whole question as asked: “I am getting divorced and have a quick claim deed on my home from my former spouse.. Can I refinance the house and get the formerly joint mortgage in just my name without any additional paperwork. I live in Florida.” My answer: Yes, the “Quit Claim Deed”…not “quick”…everyone [...]

Here’s the readers question… “We have Wachovia as our lender. We have to stay in our loan until another 10 months or we get hit with a $5,000 fee. I was wanting to refinance b/c we have 2 loans, one for $19,??? and the other for $78,???. Our payment is $916 a month and only [...]

I truncated the whole question down to make for a readable headline, but let me repost it in it’s entirty now before I answer. “Do I have to go through with my refinance? It is currently in underwriting now. I was told that the lender is going to be Countrywide. I was locked in at [...]