I don't see any reason why the bank wouldn't go for that, especially if you've got a good payment
history on your existing mortgage.
Not exact matches
Analyze the homeowners overall credit
history, especially payments
on the
existing mortgage.
Because a HELOC allows you to borrow money against your home's value, your line of credit will depend
on several factors, including your home's appraised value, the remaining balance
on your
existing mortgage, and your credit
history.
Mortgage Credit — Your payment history on your existing, or previous m
Mortgage Credit — Your payment
history on your
existing, or previous
mortgagemortgage.
Mortgage Credit — Your payment history on your existing, or previous m
Mortgage Credit — Your payment
history on your
existing, or previous
mortgagemortgage.
So long as the borrowers have a good payment
history on their
existing VA
mortgage they can refinance without proof of income or a new appraisal.