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 ConsultantDreamHouse Loan Mods(ModPros)www.dhhl.biz

Hi Mike, FHA guidelines allow for refinancing with what is called a "manual" underwrite once you have made at least 12 payments in a Chapter 13. (which you have) The trustee must approve the refinance as well. The bigger issue maybe how it has affected your credit score. If you would like to see if I can get you qualified feel free to contact me. Call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Text book answer is no but DONOT MODIFY THE LOAN.loan modification will push you back another 24 months. I wish I had better news but you can always sell and start fresh. But why 2nd mortgage was not included in CH13??

It's not that easy, and you didn't provide near enough info to advise you properly.. but I would say that the worst advice is telling you to do a modification.. with loan mods, your going to trash your credit and you wont be able to refinance or purchase anything for 2 years minimum.. FHA allows you to refinance once you have made 12 on time payments to the trustee.. whether it will work for your scenario is anyone's guess.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com