Comments on: Having Trouble Refinancing? Borrow from a Rich Friend or Family Member

By: Think Ahead – Buy Next Year’s Gifts After Christmas This Year | Credit Guy

Think Ahead – Buy Next Year’s Gifts After Christmas This Year | Credit Guy — Wed, 23 Dec 2009 18:24:53 +0000

[...] Having Trouble Refinancing? Borrow from a Rich Friend or Family Member I was talking with a friend that recently purchased his… [...]

By: 125_refinance

125_refinance — Sat, 17 Oct 2009 04:53:24 +0000

That's the great article! I just pass 'n read it, two thumbs up!

By: Maximize Savings by Shopping at “Buy One Get One Free” Sales | Credit Guy

Maximize Savings by Shopping at “Buy One Get One Free” Sales | Credit Guy — Mon, 27 Jul 2009 21:20:18 +0000

[...] Having Trouble Refinancing? Borrow from a Rich Friend or Family Member I was talking with a friend that recently purchased his… [...]

By: Twoism

Twoism — Mon, 11 May 2009 15:51:54 +0000

Nothing in this world is free. Not even the air we are breathing, because we actually have to spend money to reconstruct the forestation in order to maintain the oxygen level in the world. Remember, even air is quantifiable and does not come free. The cash handout is not free either. Cash handouts come with a clawback period most of the time. Which means, when it is time for you to refinance, the bank will require you to pay them back the cash handout.

By: WealthBoy

WealthBoy — Wed, 11 Mar 2009 11:17:14 +0000

Many banks are just simply unwilling to take on additional risk right now,
even with those that have above average credit.

By: FHIQ

FHIQ — Wed, 11 Mar 2009 04:02:51 +0000

There are many factors that the bank will take into consideration when assessing your application for a refinance. Sometimes, your application is rejected, even when you feel that your credit and finance profile are pretty good. If that is so, what is the reason that is preventing them from accepting your application?

By: buy wow gold

buy wow gold — Mon, 24 Nov 2008 17:59:12 +0000

Refinance options for individuals who find they may be unable to continue to afford mortgage loan payments are available through the Michigan State Housing Development Authority

By: M Petrone

M Petrone — Thu, 20 Nov 2008 22:00:31 +0000

Great info! Thanks for sharing! I will subscribe. My site also has refinancing tips and advice. check it out http://www.refinancingcondo.com

By: BobSmith

BobSmith — Fri, 07 Mar 2008 04:57:54 +0000

This would be insanity… FAR too much risk for the lender. There are so many problems with this, from a purely financial perspective, that there isn’t enough space here to cover all of it.

When you add in the relationship factors, it’s a terrible idea. This is a great idea for the borrower if he/she can find a family member gullible enough to go for it, but it’s a disaster waiting to happen for the lender. A truly bad idea.

By: BobSmith

BobSmith — Fri, 07 Mar 2008 03:57:54 +0000

This would be insanity… FAR too much risk for the lender. There are so many problems with this, from a purely financial perspective, that there isn't enough space here to cover all of it.

When you add in the relationship factors, it's a terrible idea. This is a great idea for the borrower if he/she can find a family member gullible enough to go for it, but it's a disaster waiting to happen for the lender. A truly bad idea.