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Reload this Page refinancing to pay of chapter 13 early

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  #1  
Old 06-07-2004, 07:40 PM
cluefinder
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refinancing to pay of chapter 13 early

What is the name of your state?What is the name of your state? Hawaii
We are 2 1/2 years in our chapter 13 and thinking about refinancing to pay it off earlier to get this over with, we have a good amount of equity in our home and want to know if this is possible?
  #2  
Old 06-08-2004, 04:11 AM
Buck Barker
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It is very possible. Unfortunately, you will have to pay 100% of your claimed debt if you pay it off early, not just the outstanding payments of your plan.
  #3  
Old 06-26-2004, 03:12 PM
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Location: Irvine, California
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I was 24 months into a 5 year plan when I refinanced my house and concluded my chapter 13 plan. My house had appreciated too and I wanted to leave the plan early so I could begin rebuilding my credit quicker. In addition to paying off the chapter 13, I took out an additional 40 thousand dollars and bought a car and some other stuff.
Last edited by rainmand; 08-08-2004 at 01:59 PM.
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