@Anonymous wrote:
I will be looking to do a refinance within a year and wanted some advice to see if it is possible.
Details:
- BK 7 Discharged 4/19 of this and gave up a property in NJ. (I currently live in TX)
- My wife did not file for BK as the debt was all mine prior to us gettine married.
- Wife has had the mortgage since 2009 with 0 late/missed payments. I am not on the morgage or the deed of this house. (Yet)
- @Anonymous value is lowballed @ $300K with the mortgage payoff @ $160K
Question:
How likely are we going to be able to refinance at a decent rate for a 15 year fixed? Is it also possible for my wife to apply for the mortgage without me?
Your wife will have to be the only applicant on a mortgage app as your will not be approved with such a recent bk discharge. Hopefully her income alone is sufficient to qualify for the new mortgage ... and you can be added to the deed without being on the mortgage.
