It depends if you've taken a new job but in th same field you've previously worked in you may apply immediately, if you're in a new job, in a new filed of work you're probably going to have to wait at least until you've got a few months in. Lenders are looking for a solid two year work history in general, though exceptions are sometime made and if you have the ability to work with a credit union they are often the most flexible. It cost you nothing to find out, simply speak with a lender and ask to be pre-approved.
You could also start by finding yourself a good buyer broker and ask them to suggest o a couple of good local lenders that they feel would be a good fit for you.... more
Its very difficult to refi condo-tels in Hawaii. First of all, they prefer it has a kitchenette.
If not, you're pretty much not able to sell without it being a cash transaction. Hope that
helps. Aloha... more
Owning property in joint tenancy means that the partners own equal shares. When one partner dies the other is automatically the heir But it is an inheritance. For the partner's share to pass to the surviving partner either, the estate of the deceased must pay off the loan or you agree to assume it or the lending compnay will file a lien.
The mortgage is on the property, even if it is only on the half owned by the deceased. Nevertheless the property is encimbered.
I am a Real Estate Broker and not a lawyer. So check this out with a lawyer but I believe this to be the correct opinion of this situation.... more