faith67 Posted January 19, 2005 Report Share Posted January 19, 2005 I have a fannie mae mortgage. I have no 30 day lates in the last two years. scores are in the low 600's. Divorced 3 years ago and had to play catch up on bills. I have heard about a streamline refi but when I tried with washington mutual they told me I couldn't do it. From everything I have been reading you shouls be able to do one withour qualifying. Does anyone know if thats true.I am currently in the process of disputing some things on my report. The only late bill I have in the last year is a cap one credit card payment. Does anyone know where I could get a HELOC with my low scores? Link to comment Share on other sites More sharing options...
liverichly Posted January 20, 2005 Report Share Posted January 20, 2005 Washington Mutual's streamline refinance you still have to re-qualify, I am not sure where you read where you did not have to re-qualify on most streamlines. Perhaps certain lenders don't require that, but all streamline refinances that I know of (outside of FHA/VA) available to brokers the borrower has to re-qualify. Link to comment Share on other sites More sharing options...
firstsource Posted January 21, 2005 Report Share Posted January 21, 2005 Many lenders will do a streamline re-finance to lower rate or term, on their own loans, but seems like you want to get some cash out. If you have a 1st only, you may find a lender to do a "stand alone" second (means that lots of lenders will do the 2nd at the same time as they do the 1st, but not many "just the second")Charles Link to comment Share on other sites More sharing options...
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