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Can you refinance a car loan after the car has been totaled and repossessed to get lower payments?
Wiki User
∙ 8y ago
NO. You no longer have collateral to secure the loan. Unless you are willing to use real estate or another vehicle that is fully paid off and owned for security.
Wiki User
∙ 8y ago
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How can one get a low rate on the mortgage refinance?
There are several ways a person can get a low rate on the mortgage refinance. A person can get a lower rate on their mortgage if they make the payments longer, making the monthly payments be less.
What will Quicken Refinance help a consumer do?
Quicken Refinance will help consumers find the lowest interest rate available, help you consolidate your debt, and lower your monthly mortgage payments.
Why are refinance rates lower than new mortgage rates?
Because new borrowers may have no history of making payments while in a re-fi the bank knows the borrower made their payments reliably.
I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?
Untrue. I was promised an immediate refinance and it is 2 1/2 yrs. later and I have not been able to refinance. With Conventional loans there is no seasoning. FHA loans do require 6 months. As for the 2 1/2 years. There are obviously other issues which have nothing to do with the number of payments that have been made.
What is the best bank to refinance a home mortgage with?
It is often recommended to have a home mortgage with a small bank, for reasons of customer service and supporting the local community. However, it's important to research whichever bank would give the best mortgage rates, given that the reason folks typically refinance is to get lower rates or pay lower payments.
How can you get your Acura back from being repossessed?
Make a deak with your finance co to pay off the payments you are behind. Caution...Don't refinance for lower payments or they will stick you for high interest added. Negotiate with the lender.
What can you use a a refinance calculator for?
A mortgage calculator can be used to find out if it is worth it to refinance your monthly payments, if it will lower your payments and if you would save on interest and fees. By entering your data you can decide if it is worth it to refinance your home mortgage.
Is it possible to refinance a car?
Yes, itis possible to refinance your car if your financial situation requires it. If you were to refinance your existing car loan you can substantially lower your monthly payments.
How can one get a low rate on the mortgage refinance?
There are several ways a person can get a low rate on the mortgage refinance. A person can get a lower rate on their mortgage if they make the payments longer, making the monthly payments be less.
How can you lower your payments on your 2002 Ford Explorer Sport?
If you have good credit, you may be able to refinance it.
What happened if you were behind on payments and the lender offered to refinance and lower the payments and said you were approved and then repossessed the car?
Generally you would have to sign paper work if the bank had approved a refinance agreement . In that case you could take legal action . They could however reposses the vehical if you fell behind again on your payments after sighing the agreement. Guess what......... banks and lenders LIE !!!!! If it is not in writing then there is no agreement so you don't have any recourse. Unfortunately you learned the hard way.
What will Quicken Refinance help a consumer do?
Quicken Refinance will help consumers find the lowest interest rate available, help you consolidate your debt, and lower your monthly mortgage payments.
What are some benefits of auto refinance?
The biggest benefit of auto refinance is that it can allow you lower monthly car payments. Auto refinance can give you a better interest rate on your car loan, which can be extremely beneficial in saving you money on paying your car off.
What happens when a car is voluntarily repossessed?
You do not want your car repossessed for any reason! it will ruin your credit, you will still have to pay for it once it sells for less than what you owe at auction, and eventually a repossession catches up to you! What you can do to save your car is contact *CAR HELP USA* tHIS company will lower car payments, lower interest rates, get you current with your auto loan, stop repossession, refinance, and save your car! You will need to act quickly as a volunrarily repossession does not answer ANYTHING!
Where can I find out information about auto refinancing?
When you refinance something, you are signing a new loan contract for a lower interest rate and potentially lower monthly payments. You can do this through your current lienholder or through any financial institution. Many people refinance their vehicles in order to have a lower monthly payment, but now is also a good time to refinance because interest rates are low.
Where can one get help with their mortgage payment?
You might be able to refinance your home. This means lower mortgage payments every month. There are some programs like Home Affordable Refinance Program (HARP) that can help you refinance if you can't due to a low value of your home.
I want to refinance my student loan.?
The best way to lower your payments and interest rates would be to consolidate your loans. You can do this by visiting http://www.loanconsolidation.ed.gov/.
