Refinancing Advice For Married Couple
by Mr. Husband
Ask Kate: Refinancing Advice For Married Couple I am in need of refinancing advice. My wife purchased a home and financed with an FHA mortgage loan about eight years ago.
I have lived with her here the whole time but about seven years ago I went through a divorce and filed chapter 7 bankruptcy.
Now that we are married, we want to refinance the mortgage and add me in. Our current mortgage interest rate is a fixed rate at 7.25%.
Kate Answers: Refinancing Advice For Married Couple
Hi Mr. Husband, I believe I understand that you are asking for refinancing advice regarding:
1- How to refinance after a bankruptcy
2- How to refinance to share the ownership of the home and the responsibility of the mortgage, and...
3- How to get your best mortgage rate.
For credit tips, you do not need to go any further than my website. Here is how to improve and fix a credit score
over the long term.
When you refinance, the lender will ask who will be holding title. If the two of you want to share the ownership of the home, this would be the time to discuss title insurance requirements. Get a basic understanding of title insurance
There are charges associated with refinancing your mortgage. So get a jump start on reducing mortgage closing costs
and save money by understanding the terms.
For help on comparing interest rates, I recommend two things. Visit my pages How To Compare Mortgage Rates
and What Is A Mortgage Rate Lock
for a goldmine of practical information.
I hope you'll come back to my website again in the future. Of course, all of my information is free.
So remember to bookmark Get-Your-Best-Mortgage-Rate.com to your favorites and visit often for up to date tips for buying a house, mortgage news and refinancing advice. You can also invite friends to comment on this page or create a page of their own like you did.
P.S. Go to my Best Mortgage Rate Blog
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