I live in Ohio, going through a divorce. I need to refinance our house to pay off exwife, lower payment, and get her name off mortgage. We are three years into 5 year 100% payback Chapter 13. Mortgage, 2nd, and Banruptcy have been current for the three years. Can I refinance?
Hi Mike, A refi may be out of reach due to bk 13. A loan mod may be the best way to get down to 2%(if eligible). Saving a ton monthly at a lower rate may be best and only option. Contact me toll free at (800)731-5490 for a quick consult to discuss your options further...Chris HendricksonSr. Loan...

will my spouse's income be considered for approval?
I am not sure what kind of loan you are applying for but...If your income is good enough you may want to avoid adding a spouse with lesser credit. A co-borrower's score, most of the time, will be used in place of yours when review takes place. Therefor, this may increase your interest rate and/or loan may be...

what's the standard waiting period to buy after foreclosure
Hi Knicks86fan, After foreclosure, there is usually a 7 to 10 year waiting period that most lenders require when applying for a new loan. With additional qualifying factors(such as substantial down payment, low debt-to-income %s) you may be able to find a lender willing to justify within 5 years...

I cannot refi my home - owe $267,000 - house worth $245,000 - In an ARM right now. What are my options? The mortgage is not financed by Sallie Mae
Thanks for the question Tom. With a HAMP modification you may be able to bring your rate down substantially, and possibly lower your principle balance. If FHA, you may have a portion of your loan deferred or subordinated to back end of loan to lower your payment Many of the loan modification options are...

UNDERWATER INVESTMENT HOME IN FLORIDA
I can tell you on the modification side it is tough. This is mainly due to the fact that investors tend to lean on the side of repossession when it comes to non owner occupied properties. Many of the mod programs created to stabilize foreclosures and home values are meant primarily for primary residence...