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Updated about 1 year ago on . Most recent reply

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YaSin Aquil
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Balloon Mortgage Mature

YaSin Aquil
Posted

I'm currently in a 1 year balloon mortgage that is due to mature in May. The home is my primarily residence. My wife and I have jobs and our credit score is roughly 580. Are there any programs that will allow us to refin our home. Thanks.

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Erik Estrada
#3 Private Lending & Conventional Mortgage Advice Contributor
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Erik Estrada
#3 Private Lending & Conventional Mortgage Advice Contributor
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Quote from @YaSin Aquil:
Quote from @Erik Estrada:
Quote from @YaSin Aquil:

I'm currently in a 1 year balloon mortgage that is due to mature in May. The home is my primarily residence. My wife and I have jobs and our credit score is roughly 580. Are there any programs that will allow us to refin our home. Thanks.


 Hey Yasin, 

Do you have 2 years of income to show? Are you self employed? Can you get a non occupying co-signer? 

This is a tough scenario. How did you end up with a balloon mortgage on your primary? 


 Greetings,

Thanks for you reply. There are 2 years of income but the income was low due to working out of the country. Yes I can get a Non-Occupying Co-Signer.


 PM'd

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