Is it possible to refinance a car? Even when the state keeps your title for the current lender?
- Asked By: MoneyTactics
- Category: Refinance
Someone told me that it’s possible to refinance a car. But North Carolina State destroys your title until it’s paid off. Can I refinance my car without my title?
Jasmine
Posted 3 months ago
What are you talking about? Why would the State destroy your title? Actually, why would they even have the title? It should be in the hands of whomever gave you the loan unitl it’s paid off, then it will be transferred to you.
You need to provide more information on your situation.
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Someone told me that it’s possible to refinance a car. But North Carolina State destroys your title until it’s paid off. Can I refinance my car without my title?
Jasmine
Posted 3 months ago
What are you talking about? Why would the State destroy your title? Actually, why would they even have the title? It should be in the hands of whomever gave you the loan unitl it’s paid off, then it will be transferred to you.
You need to provide more information on your situation.
Other Questions
- Can I itemize my mortgage interest paid in my taxes?
- Do mortgage lenders pull credit reports multiple times during the refinance process?
- how do they calculate the mortgage payment with interest?
- How long after a foreclosure is there an auction?
- If mortgage tax & interest forms are only in my name but multiple owners can they file my forms under thir nam?
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UCANTCME
Posted 3 months ago
I have never heard of this but have you called them just to recheck if this is true.
The only reason I ask is that someone can be added to a title for many reasons including refinancing, so why would they destroy the title ???
NCDMV’s Customer Service Office 919-715-7000