Do you need a down payment to refinance?

Let’s find an answer to "Do you need a down payment to refinance?". The most accurate or helpful solution is served by Yahoo! Answers.

There are ten answers to this question.

Best solution

If I refinance my currently owner-financed home, do I need a down payment again?

I put down a down payment upon purchase, but am wondering if a bank will require another down payment with them as part of a refinance.

Answer:

No, but the mortgage company may have minimum equity [(home value - loan amount) / home value] requirements...

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Other solutions

Why do I need an appraisal to refinance an investment property, if I have never been late on a payment?

I am a high school teacher who happens to have invested in some rental properties. I own 3 other homes besides my own. I recently looked into refinancing one of them. I put 20% down on the property and have never missed a payment or been late. I am wanting...

Answer:

Of course it matters. You can only finance to 80% of the value, so the value needs to be determined...

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doug at Yahoo! Answers Mark as irrelevant Undo

Refinance Loan I need to reduce my mortgage payment?

I need to know the best mortgage company that will give me a good deal to refinance my mortgage TO FIXED RATE because my adjustable rate has been increased. also i don't have any ...show more

Answer:

I am going through the same thing as we speak and I would check out Chase they are rolling the closing...

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ODJFK7ORU33BNYES5YR2XPCQG4 at Yahoo! Answers Mark as irrelevant Undo

Answer:

Call the lender, explain the situation, they will sometimes, defer a payment to the end of the loan...

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Anonymous at Answerbag.com Mark as irrelevant Undo

Answer:

Maybe it's time for a consolidation loan ? Or try to earn more money : rent a room, sell stuff, etc...

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jennifer M at Yahoo! Answers Mark as irrelevant Undo

I need to refinance 3 cars.so i can have just 1 lower payment .who should i best choose.?

we have a 2003 2door ,V6,Ford F-150,a Ford.also a 2001 4door,V6,F150 and a 2001 4door,V6,Nissan frontier.we only owe about $15.000 for all three with different lending institutions.that is the approximate pay-off amount.we also have a personel loan account...

Answer:

An increasing trend lately is to consolidate the debt into a credit card. I had bills totaling 12,0...

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Heike P at Yahoo! Answers Mark as irrelevant Undo

Can I Refinance Yet? What to Do?

Me and my husband got a 2007 Jeep Liberty for him to drive to work and that in October. We want to try to refinance it as we are paying high interest. I believe around 20+%. Right now our loan details are: Balance: $14,807.00 (Less after payment this...

Answer:

The problem, if and when you can refinance, will be that the refinance amount will be based on what...

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Can I 86 Countrywide and refinance with another lender even if I'm upside down?

Countrywide had the nerve to send me a loan modification that actually did nothing but allow me to skip 2 months of payments. I am not behind and don't need to miss a payment, I just need my payment to stay the same and not increase. Anyhow, everytime...

Answer:

First off - I know exactly how you feel with Countrywide. My loan is with countrywide and we are upside...

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Mommy at Yahoo! Answers Mark as irrelevant Undo

I need expert help on my Refi what would you do?

the value came in at $275,000 We purchased for $325,000 3 years ago. We do need to re-think how we are going to do refinance. 1. qualify for the fanniemae refinance plus- which means we don’t need to get mortgage insurance? It is a 30 year only...

Answer:

1) Yes, you can set up your EFT for more than the payment amount with the balance being applied to your...

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