My Friend needs some help
My Friends needs some help his credit score is 630 his wife score is 580 with some problems he thinks a judgment he’s trying to refinace his house can this be done if so tell him someone who can help nim his income is 36,500 per year her wives is 27,000. He owes 94,000 on the hous and it should appraise for about 120,000-114,000, so he told them that with the limited information you have provided, so far there are no major issues. Here are some questions I left for him to answer though:
A) Why do you want to refinance?
a) What is your current rate / term (e.g. 6% 30 year fixed)
b) If you are taking cash out, how much cash do you need?
B) What state are you in?
C) Are you both planning on being on the loan? If it is easier without one of you, is that acceptable?
D) How much are the judgments/collections totaled on your / her credit?
E) What is your payment history like on your current mortgage, as well as your other credit accounts?
a) How long have you had your mortgage?
If you’d like I just set up a website (it’s listed in my signature below) and you can actually go through the application there, and I can help you out a little more specifically. As I said though, there’s no major hurdle at this point, but the rest of your credit history could of course make a difference.