I just refinanced my home last month and got a much lower rate and payment. Of course, this means my mortgage was paid off and a new loan was initiated. Does this affect my credit in a way that would hamper me being approved for a mortgage on a new investment property?
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We are moving and selling the first home.
We are in excellent standing with the current mortgage company.
We have lived here for nearly 3 years- we have had two payments that have been a few days late.
Also, will they keep us at our current interest rate?
The same week my husband looked into a balance transfer credit card I started an application for a mortgage refinance to get rid of some credit card debt. My husband was turned down for the credit card now he is worried about the mortgage finance. We have had our mortgage with the same bank for 11 years. WIll there be a problem with the refinance? Like I said they alreaqdy saw our credit bureau reports and they were fine.
sunshinecoastmortgagebrokers@gmail.com Home Loans &/ Mortgage Brokers Finance, Sunshine Coast mortgage adviser Chris Davidson mortgage adviser on the sunshine coast with over 12 years experience in home lending, car finance, building finance, investment loans home loans