Bill and Jenny is a recently married couple looking for an Appleton Wisconsin refinance. Bill was previously married and was awarded the home in the divorce settlement. Although he was awarded the home, he had yet to pay his former wife the proceeds she was awarded. His interest rate was at 6.5% and had been paying that mortgage for a little over 5 years.
The goal for Bill and Jenny was determined to be to pay off the former wife the $15,000 she was entitled to and to take her off the title. In addition, Bill and Jenny wanted to lower their Appleton Wisconsin mortgage interest rate.
Some potential issues were identified in so much that Jenny’s credit was not that good because she did not have many trade lines and thus she only had two credit scores. In addition, Bill had switched jobs about 8 months ago.
WI-Mortgage.com successfully closed this Appleton Wisconsin mortgage refinance. It was determined after the appraisal that there was indeed enough equity to give the former wife the $15,000. In addition, the payment stayed relatively the same by refinancing their Appleton Wisconsin mortgage into a lower 4.5% interest rate.
WI-Mortgage.com was able to accomplish all the stated goals of the Appleton, Wisconsin refinance by getting all the required documentation up front, maintaining contact with the former wife and her attorney, and doing the due diligence of making sure their was a possibility of securing enough value by doing research in the area for comparable sales.
In 30 days, WI-Mortgage.com was able to provide Bill and Jenny a fantastic Appleton Wisconsin mortgage that allowed him to pay his ex-wife $15,000 and to keep his payment the same with a great low rate.
If you are ready to start the process for your Appleton Wisconsin home purchase or get a great Appleton Wisconsin refinance mortgage please call me at 920-623-9245 or visit my site: frankpabon.com or WI-Mortgage.com!
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