Nationwide Mortgage Loans is a premiere Home Equity Lender that specializes in cash out refinancing opportunities for all types of borrowers. Home equity loan options have changed dramatically in the last few years. Gone are the days of no equity 125% loans using statistical appraisals?.
Question by Tina H: Can you refinance without going thru the purchase process if you already owner finance your home?
I did an owner finance on my home and now want to refinance. Is this possible without going thru credit checks etc.?
Best answer:
Answer by golferwhoworks
credit no that will be checked always. Now you must have also paid by check or to a management firm for verification of timely payments plus meet all the other criteria in doing this such as ability to pay the note and the home must appraise as well
I am a mortgage banker in TN
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