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Have a mortgage loan that was not reaffirmed 11 years ago on a chapter 7.Is there lenders that would accept va refinancing?

By nunphil39 from NV Jul 30th 2015
Reply

If you are still VA eligible, you would be able to refinance. If you call me, I am more than willing to assist you. Nathan Kessler City First Mortgage Services 702.522.6745 nathan.kessler@city1st.com

Jul 30th 2015

You would have to meet all VA eligibility guidelines, but the 11 year old non reaffirmed mortgage is not a problem.. guidelines require you wait 3 to 4 years and you cannot have any late payments within the last 12 to 24 months.. you should not have a problem. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and 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

Jul 30th 2015

I think most people are missing the nail instead of hitting it on the head. If this was a loss to the VA - I am assuming it was since not being reaffirmed - that part of your guarantee is goneJoseph Parker

Jul 30th 2015

I have worked with several borrowers in the same situation. I'm in Colorado and as long as you have been making the payments on time, most lenders will just need proof of that there haven't been any 30 day lates in the past 12 months. Is your current lender reporting your payments to the credit bureaus? That would be my first question. Nick Bebout - American Liberty Mortgage - 303-407-0824

Jul 31st 2015

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