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Question About Refinancing a Mortage After Discharge

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  • Question About Refinancing a Mortage After Discharge

    We got our discharge in July of this year. We would like to refinance
    our current (and only) mortgage. The interest rate is pretty high
    (over 10%) and our payments are making it difficult to live month to
    month.

    My question is this, how likely is it that lenders will have anything
    to do with us? Is there an official or un-official time period that we
    have to wait before we can refinance?


    Thanks for your help.

  • #2
    Question About Refinancing a Mortage After Discharge

    I don't know the answer but one place you might get good information is at:
    alt.org.natl-assn-mortgage-brokers

    If you post there, it might help if you included the state you live in, the
    value of the property, and the amount of mortgage you are seeking. I think
    they could tell you whether you could refinance and roughly what rates you
    might have to pay.

    "Tom" <[email protected]> wrote in message
    news:[email protected] m...
    We got our discharge in July of this year. We would like to refinance our current (and only) mortgage. The interest rate is pretty high (over 10%) and our payments are making it difficult to live month to month. My question is this, how likely is it that lenders will have anything to do with us? Is there an official or un-official time period that we have to wait before we can refinance? Thanks for your help.

    Comment


    • #3
      Question About Refinancing a Mortage After Discharge


      There is no set time period for a refinance. You can refinance 1 day out of
      BK.

      However, and obviously, the longer out of BK you are, the better your rate
      will be.

      --
      Michael Papp
      iNet Lending Group
      www.iNet-Lender.com
      MSN Messenger ID - iNet-Lending


      "Tom" <[email protected]> wrote in message
      news:[email protected] m...
      We got our discharge in July of this year. We would like to refinance our current (and only) mortgage. The interest rate is pretty high (over 10%) and our payments are making it difficult to live month to month. My question is this, how likely is it that lenders will have anything to do with us? Is there an official or un-official time period that we have to wait before we can refinance? Thanks for your help.

      Comment


      • #4
        Question About Refinancing a Mortage After Discharge

        Canzie wrote:
        There is no set time period for a refinance. You can refinance 1 day out of BK. However, and obviously, the longer out of BK you are, the better your rate will be. -- Michael Papp iNet Lending Group www.iNet-Lender.com MSN Messenger ID - iNet-Lending
        Just in case anyone in this newsgroup is tempted to get involved with
        Michael Papp of iNet Lending (screen name Canzie), I must tell you that
        he is not to be trusted. In fact he is a thief and a liar. If you want
        to deal with him at least do so knowing that much about him. When I say
        he is a thief I mean that he orders services from individuals having no
        intention to pay for them. That's defacto thievery. I have done good
        work for him, engineering work that he now shows on one of his Web
        sites, presenting it as if it were his own work (I can prove that and
        prove that it is my own work, not his -- just email me by removing or
        replacing the MUNGE text in my reply-to email address). He hasn't paid
        even though he continued to order work done weeks after he was invoiced
        and say that he was pleased with the progress made on the design
        project. He doesn't intend to pay, as evidenced by the fact that he
        doesn't return courteous emails and phone messages. I've confirmed that
        he is active in business and is not ill or incapacitated (i.e. he has no
        legitimate excuses).

        If Michael Papp is willing to shaft individuals who do good work for him
        and please him with their services imagine what he wouldn't mind doing
        to those who simply want him to do good work for them . . . If you want
        to take out a loan through him, do a little thinking and a little
        research first. Michael Papp claims on one of his own Web sites,
        "deadbeatdad.org", that he is "the most arrested man in New Jersey". Of
        course he claims that the arrests were unjust, and indicates via many
        examples just how much of a pycho his ex-wife is or was in getting him
        charged falsely many times. He says that she claimed that he is a
        "pathological liar" . . . as if that is an entirely untrue insult. I
        now suspect that his wife may be the more honest and sane one of the
        two. This man claims he has made two fortunes, and lost both, is now on
        his 3rd. I suspect if he made two fortunes he lost them both for
        reasons of poor judgement and dubious morals. Michael Papp also claims
        in Usenet newsgroup postings that he is making big bucks, lots more than
        his critics make. That's a rather telling claim, I think. If it's true
        then he's not just a thief, he's particularly dispicable because he
        could afford to pay me what he owes me, and if it's false then he's very
        obviously a liar.

        Don't trust this man.

        He uses a number of email aliases, among them are these at bottom -- but
        I've MUNGED them just to take the high ethical ground and not expose him
        to any more SPAM than is necessary. However, in posting the email
        addresses at all I consider that the good of those individuals who might
        otherwise unwittingly get involved with this man outweighs consideration
        for the man himself.

        Beware these email addresses:
        [email protected],
        [email protected],
        [email protected],
        [email protected],
        [email protected]

        Mark 'Sporky' Stapleton
        Charlotte, North Carolina

        Comment

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