Archive for the ‘Renting & Real Estate’ Category

PostHeaderIcon Is it possible to refinance after you get a loan modification?




I recently got a loan modification and it is going great. However, I am interested in refinancing to include my home equity loan. Is that possible or can you not refinance once you have gotten a loan modification.

PostHeaderIcon How hard is it to refinance your home as a rental property?




Our current mortgage needs to be refinanced no matter what we decide to do, but we are considering using the home we live in as a rental and buying another house to live in. Our mortgage now requires that we live in the home. How difficult is it to refinance as a rental property? Our credit is good. Has anyone out there done this?

PostHeaderIcon How will a foreclosure work with a second mortgage?

Missi B asked:


Mortgage company put us into foreclosure on the 1st because of being behind in the escrow but there is a second on the house, with the same company. How does that work?

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