I have no credit, I’m looking to finance with a big interest rate. Maybe 15-20% for 2-3 months. Once those 2-3 months are up I will refinance and will be having a co-signer sign on the loan with me with good credit, bringing the interest down to 7-8%~

I know some of you think this is unwise but I ordered a car and it turns out my co-signer might not be able to sign with me until 2-3 months after the car arrives, and I don’t think the dealership will hold it that long.

So how soon can I refinance a loan?
I’m going to get the longest term loan (72 mo) I can get initially so my first 4 months of payment are cheap. Then when it comes time to refinance with my co-signer, I should have 7-8%~ and I’ll chop the term down to 60 or 48 months.

I’ve got a mortgage that is in a repayment status under a forebearance plan, but they want to modify the loan and put what I currently owe on the back of the loan. I want to know if another mortgage company will refinance me with the loan currently being behind (although payments have been made as agreed through the plan).

Thanks for your help!!!

Stressed in GA…