Refinance?????
Q. I have heard that mortgage rates are really low right now. Does that mean that it would be a good idea to refinance my mortgage in order to get a lower rate? How do I do the math to figure out if it would be worth it or not? Are there any hidden costs or fees in a refinance?
Asked by MikeyJ - Tue Jan 22 21:59:02 2008 - - 5 Answers - 0 Comments
A. Actually they can't hide any fees. They have to be declared on the Truth in Lending Statement. I just locked in my rate to refinance my home. I bought my home in 2005 I had a 30yr fixed rate @ 6.625% I am currently locked in a 15yr @ 4.625% granted I bought it down a point. But closing costs will vary depending on the value of your home. Higher value home, higher closing costs. Typically you can expect anywhere from $1000 -$1200 in closing costs plus any prepaid items like interest between payments, escrowed taxes and insurance, and/or $300 for an apprasial. Every point you buy is 1% of your loan value up to 5 points so on a 200,000 loan 1 point is $2000 that will give you about .25% better interest rate depending on the situation. … [cont.]
Answered by Ryan M - Fri Jan 25 16:20:24 2008
Q. I have heard that mortgage rates are really low right now. Does that mean that it would be a good idea to refinance my mortgage in order to get a lower rate? How do I do the math to figure out if it would be worth it or not? Are there any hidden costs or fees in a refinance?
Asked by MikeyJ - Tue Jan 22 21:59:02 2008 - - 5 Answers - 0 Comments
A. Actually they can't hide any fees. They have to be declared on the Truth in Lending Statement. I just locked in my rate to refinance my home. I bought my home in 2005 I had a 30yr fixed rate @ 6.625% I am currently locked in a 15yr @ 4.625% granted I bought it down a point. But closing costs will vary depending on the value of your home. Higher value home, higher closing costs. Typically you can expect anywhere from $1000 -$1200 in closing costs plus any prepaid items like interest between payments, escrowed taxes and insurance, and/or $300 for an apprasial. Every point you buy is 1% of your loan value up to 5 points so on a 200,000 loan 1 point is $2000 that will give you about .25% better interest rate depending on the situation. … [cont.]
Answered by Ryan M - Fri Jan 25 16:20:24 2008
How fast should i refinance my car loan?
Q. Car loan is 17000 dollars apr is 17 %. Dealer told me that i can refinance in 4-6 months, but i think he lied to me. Bank told me that i can refinance only once. So 4 months passed. SHould i try to refinance it or wait at least 12 months??? Thank you.
Asked by cooler - Thu Jun 28 00:28:43 2007 - - 2 Answers - 1 Comments
A. At that apr and assuming the 17000 was the value of the car, you will be "upside-down" for 2-3 years, i.e., your car will be worth less than the loan balance. Make double--even triple--payments as you can, or you will need thousands to refinance.
Answered by kev - Thu Jun 28 01:14:53 2007
Q. Car loan is 17000 dollars apr is 17 %. Dealer told me that i can refinance in 4-6 months, but i think he lied to me. Bank told me that i can refinance only once. So 4 months passed. SHould i try to refinance it or wait at least 12 months??? Thank you.
Asked by cooler - Thu Jun 28 00:28:43 2007 - - 2 Answers - 1 Comments
A. At that apr and assuming the 17000 was the value of the car, you will be "upside-down" for 2-3 years, i.e., your car will be worth less than the loan balance. Make double--even triple--payments as you can, or you will need thousands to refinance.
Answered by kev - Thu Jun 28 01:14:53 2007
Is refinance a must to convert my primary residence into an investment property?
Q. I am buying another home and making it my primary residence. I am planning to rent out my current primary residence, on which I have mortgage, thereby making it an investment property. Does that invalidate the mortgage terms because the mortgage was issued with the condition that the property be used as a primary residence. Do I have to necessarily refinance it by classifying it now as an investment property? Thanks in advance for any help.
Asked by Chakravarthi Chigurupati - Fri Jun 18 12:11:43 2010 - - 4 Answers - 0 Comments
A. Yes, if that is a term of your contract, and it is there when they give you a lower interest rate, you must refinance it as an investment before you can legally rent it out.
Answered by Landlord - Fri Jun 18 12:47:52 2010
Q. I am buying another home and making it my primary residence. I am planning to rent out my current primary residence, on which I have mortgage, thereby making it an investment property. Does that invalidate the mortgage terms because the mortgage was issued with the condition that the property be used as a primary residence. Do I have to necessarily refinance it by classifying it now as an investment property? Thanks in advance for any help.
Asked by Chakravarthi Chigurupati - Fri Jun 18 12:11:43 2010 - - 4 Answers - 0 Comments
A. Yes, if that is a term of your contract, and it is there when they give you a lower interest rate, you must refinance it as an investment before you can legally rent it out.
Answered by Landlord - Fri Jun 18 12:47:52 2010
How hard is it to refinance your home as a rental property?
Q. Our current mortgage needs to be refinanced no matter what we decide to do, but we are considering using the home we live in as a rental and buying another house to live in. Our mortgage now requires that we live in the home. How difficult is it to refinance as a rental property? Our credit is good. Has anyone out there done this?
Asked by edernshelm - Wed Sep 19 10:50:38 2007 - - 2 Answers - 0 Comments
A. Most lenders will just require an assignment of rents and leases if you have checked zoning and gotten the permits and the things needed to set up a rental property in your state
Answered by wizjp - Wed Sep 19 10:56:54 2007
Q. Our current mortgage needs to be refinanced no matter what we decide to do, but we are considering using the home we live in as a rental and buying another house to live in. Our mortgage now requires that we live in the home. How difficult is it to refinance as a rental property? Our credit is good. Has anyone out there done this?
Asked by edernshelm - Wed Sep 19 10:50:38 2007 - - 2 Answers - 0 Comments
A. Most lenders will just require an assignment of rents and leases if you have checked zoning and gotten the permits and the things needed to set up a rental property in your state
Answered by wizjp - Wed Sep 19 10:56:54 2007
How many times can I refinance my vehicle?
Q. I refinanced back in December, is there a limit on how many times you can refinance. Trying to get my payments down.
Asked by houseofbrats03 - Mon Apr 17 16:44:01 2006 - - 1 Answers - 0 Comments
A. You can typically refinance as many times as you want, however each time you refinance, there are typically fees incurred, and your first few months will put hardly a dent in your principle. So if you constantly refinance, you'll end up owing more and more each time as the fees add up. However, to answer your question, as long as a bank/credit union is willing to refinance you, you can do it again.
Answered by hsueh001 - Mon Apr 17 16:51:19 2006
Q. I refinanced back in December, is there a limit on how many times you can refinance. Trying to get my payments down.
Asked by houseofbrats03 - Mon Apr 17 16:44:01 2006 - - 1 Answers - 0 Comments
A. You can typically refinance as many times as you want, however each time you refinance, there are typically fees incurred, and your first few months will put hardly a dent in your principle. So if you constantly refinance, you'll end up owing more and more each time as the fees add up. However, to answer your question, as long as a bank/credit union is willing to refinance you, you can do it again.
Answered by hsueh001 - Mon Apr 17 16:51:19 2006
I want to refinance What is the best mortgage rate available?
Q. Am looking to refinance but not without doing a bit of research first on the best possible mortgage rate.
Asked by Jay - Thu Jun 17 15:09:58 2010 - - 2 Answers - 0 Comments
A. I just closed my refi for 20 years at 4.25%. I have a very high Fico also. Rates are starting to go up. You can find ther rates on line from several different sources. Use a search engine. Here is a good one. Please note I am not endorsing google. This site just shows actual comparisons without entering personal info. https://www.google.com/co mparisonads/mortgages?s=1 &schema=refinance&q=today s%20refinance%20rates#ti= 0
Answered by jv - Thu Jun 17 15:12:58 2010
Q. Am looking to refinance but not without doing a bit of research first on the best possible mortgage rate.
Asked by Jay - Thu Jun 17 15:09:58 2010 - - 2 Answers - 0 Comments
A. I just closed my refi for 20 years at 4.25%. I have a very high Fico also. Rates are starting to go up. You can find ther rates on line from several different sources. Use a search engine. Here is a good one. Please note I am not endorsing google. This site just shows actual comparisons without entering personal info. https://www.google.com/co mparisonads/mortgages?s=1 &schema=refinance&q=today s%20refinance%20rates#ti= 0
Answered by jv - Thu Jun 17 15:12:58 2010
Can you refinance while your home is on the market for sale?
Q. Our home has been on the market for a while now. We need to refinance to lower monthly payment. Can we refinance a home thats for sale?
Asked by MC - Wed Jun 28 13:26:14 2006 - - 5 Answers - 1 Comments
A. The answer is yes you can BUT the reality is that it is hard to find a lender that will refinance your loan knowing that at any minute your home could be sold and they will waiste their time and money. Most lenders will ask you to take the home off the market before you can refinance. Good luck!
Answered by SCCRealEstateUNCENSORED.com - Wed Jun 28 14:24:19 2006
Q. Our home has been on the market for a while now. We need to refinance to lower monthly payment. Can we refinance a home thats for sale?
Asked by MC - Wed Jun 28 13:26:14 2006 - - 5 Answers - 1 Comments
A. The answer is yes you can BUT the reality is that it is hard to find a lender that will refinance your loan knowing that at any minute your home could be sold and they will waiste their time and money. Most lenders will ask you to take the home off the market before you can refinance. Good luck!
Answered by SCCRealEstateUNCENSORED.com - Wed Jun 28 14:24:19 2006
Is it better to refinance a mortgage for a tax deduction or continue with my 15 year mortgage?
Q. I have 10 1/2 years left on a 15. Single, retired and no dependents.Pension(60,000 ) Does it make sense to refinance?
Asked by Cajun - Thu Sep 20 22:43:28 2007 - - 4 Answers - 0 Comments
A. Interest rates dropped to around 6.10% for a 30 year loan. What is your interest rate. Will you save money by refinancing? Your mortgage does not account for much of a deduction. You may want to stay the course.
Answered by forktonguebush - Thu Sep 20 22:50:15 2007
Q. I have 10 1/2 years left on a 15. Single, retired and no dependents.Pension(60,000 ) Does it make sense to refinance?
Asked by Cajun - Thu Sep 20 22:43:28 2007 - - 4 Answers - 0 Comments
A. Interest rates dropped to around 6.10% for a 30 year loan. What is your interest rate. Will you save money by refinancing? Your mortgage does not account for much of a deduction. You may want to stay the course.
Answered by forktonguebush - Thu Sep 20 22:50:15 2007
What are my chances to refinance if my home to value has droped amost to even money?
Q. Wife and I purchased the home a year ago for 475,000 and currently owe 423,000. I hate to say but because of a devorce we have to do something about the house. Is there any way to refinance the house to get a lower payment so the wife can handle the payments on her own? House prices have droped so much in our area that I'm not even sure if we owe more than what the house would now appraise for. Thanks for your help.
Asked by Keef - Thu Dec 13 22:02:15 2007 - - 4 Answers - 0 Comments
A. It all depends on ratios, appraisals, and income. A great loan officer may be able to steer you through this complex maze although the fact that it is a jumbo loan complicates it further. I suggest Hometown Banc Corp. My mom used them. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don t simply forget to call you back. They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at www.totaldebtsolutionsllc .com and a Hometown loan officer will contact you .
Answered by Nicki W - Fri Dec 14 09:27:03 2007
Q. Wife and I purchased the home a year ago for 475,000 and currently owe 423,000. I hate to say but because of a devorce we have to do something about the house. Is there any way to refinance the house to get a lower payment so the wife can handle the payments on her own? House prices have droped so much in our area that I'm not even sure if we owe more than what the house would now appraise for. Thanks for your help.
Asked by Keef - Thu Dec 13 22:02:15 2007 - - 4 Answers - 0 Comments
A. It all depends on ratios, appraisals, and income. A great loan officer may be able to steer you through this complex maze although the fact that it is a jumbo loan complicates it further. I suggest Hometown Banc Corp. My mom used them. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don t simply forget to call you back. They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at www.totaldebtsolutionsllc .com and a Hometown loan officer will contact you .
Answered by Nicki W - Fri Dec 14 09:27:03 2007
What is the best way to refinance your home with a lower interest rate if your credit isn't the best?
Q. I was wondering what is the best way (who to go to) to try and refinance your home with a lower interest rate. I have no clue where to go! The credit score is pretty low, but still need to lower monthly payments. Serious answers only please and thank you! It's not ME that didn't pay my debts...I got stuck with stuff from my ex husband...that's why my credit isn't what it used to be...thanks!
Asked by Natasha - Wed Jun 2 10:48:42 2010 - - 3 Answers - 0 Comments
A. if your credit is bad this is not going to happen, no one is lending money these days to those that fail to pay their debts.
Answered by Landlord - Wed Jun 2 10:53:17 2010
Q. I was wondering what is the best way (who to go to) to try and refinance your home with a lower interest rate. I have no clue where to go! The credit score is pretty low, but still need to lower monthly payments. Serious answers only please and thank you! It's not ME that didn't pay my debts...I got stuck with stuff from my ex husband...that's why my credit isn't what it used to be...thanks!
Asked by Natasha - Wed Jun 2 10:48:42 2010 - - 3 Answers - 0 Comments
A. if your credit is bad this is not going to happen, no one is lending money these days to those that fail to pay their debts.
Answered by Landlord - Wed Jun 2 10:53:17 2010
How long does it take to refinance a home?
Q. So my fiance and I loaned his mother $10,000. She has to refinance her home and is paying us back when that is all finalized. Her house has already been appraised and she has done it before. Her bank says that she qualifies. She is going into the bank on Monday or Tuesday to finalize thngs. How long should it take to get the money?
Asked by Amber T - Thu Sep 11 01:24:14 2008 - - 1 Answers - 0 Comments
A. Shouldn't take too long at all. Maybe a week and a half?
Answered by OzNana - Thu Sep 11 01:29:50 2008
Q. So my fiance and I loaned his mother $10,000. She has to refinance her home and is paying us back when that is all finalized. Her house has already been appraised and she has done it before. Her bank says that she qualifies. She is going into the bank on Monday or Tuesday to finalize thngs. How long should it take to get the money?
Asked by Amber T - Thu Sep 11 01:24:14 2008 - - 1 Answers - 0 Comments
A. Shouldn't take too long at all. Maybe a week and a half?
Answered by OzNana - Thu Sep 11 01:29:50 2008
How do you refinance with the same company you have the loan through?
Q. I have a loan through Wachovia for my truck. After a year 1/2 of having the truck the payments have become a strain, how or when could I refinance the truck using the same company? (I really enjoy Wachovia, they are great and have helped us before. I would prefer to refinance through them)
Asked by Mommy of Lily, Daisy, and Jayson - Wed Feb 6 15:59:17 2008 - - 2 Answers - 0 Comments
A. just tell them you want to refinance the loan
Answered by Jessi - Wed Feb 6 16:07:27 2008
Q. I have a loan through Wachovia for my truck. After a year 1/2 of having the truck the payments have become a strain, how or when could I refinance the truck using the same company? (I really enjoy Wachovia, they are great and have helped us before. I would prefer to refinance through them)
Asked by Mommy of Lily, Daisy, and Jayson - Wed Feb 6 15:59:17 2008 - - 2 Answers - 0 Comments
A. just tell them you want to refinance the loan
Answered by Jessi - Wed Feb 6 16:07:27 2008
How do we refinance a home with a subprime loan that will be put into a trust?
Q. Is it best to refinance in the trust or to sign the house over to a family member with better credit and refinance and then put into trust?
Asked by JT6+1 - Tue Mar 6 14:05:27 2007 - - 1 Answers - 0 Comments
A. the latter
Answered by golferwhoworks - Tue Mar 6 14:12:53 2007
Q. Is it best to refinance in the trust or to sign the house over to a family member with better credit and refinance and then put into trust?
Asked by JT6+1 - Tue Mar 6 14:05:27 2007 - - 1 Answers - 0 Comments
A. the latter
Answered by golferwhoworks - Tue Mar 6 14:12:53 2007
What percent to refinance would be worth it?
Q. My husband says we could maybe save money if we'd refinance our house. We currently pay 8% on our loan which is a fixed rate. Isn't there closing costs involved when you refinance at a lower rate? Would it really be worth it?? Since we'd have to shell out money to do it? We're not financial savvy. If anyone could please advise if this is a good or bad idea. Thank you in advance.
Asked by Peachie - Tue Sep 22 17:39:55 2009 - - 1 Answers - 1 Comments
A. FHA loans can be had around 5% with credit scores above 620, and reasonable fees. Your closing costs can be added to the loan amount if you choose, which is what most people do, and doesn't affect your payment too much. I suggest you get a free pre-approval, and you can look at your "break-even" period, which is the amount of months that it would take for the refi to essentially pay for itself. If you plan to stay in the home for awhile it makes sense to at least look at refinancing. You should also consider your savings over the life of the loan. Again, with a free pre-approval you have no risk. And, when refinancing, you have 3 days AFTER the closing to break the deal if you're not comfortable (it's called the "cooling-off period"… [cont.]
Answered by Bob F - Tue Sep 22 18:49:09 2009
Q. My husband says we could maybe save money if we'd refinance our house. We currently pay 8% on our loan which is a fixed rate. Isn't there closing costs involved when you refinance at a lower rate? Would it really be worth it?? Since we'd have to shell out money to do it? We're not financial savvy. If anyone could please advise if this is a good or bad idea. Thank you in advance.
Asked by Peachie - Tue Sep 22 17:39:55 2009 - - 1 Answers - 1 Comments
A. FHA loans can be had around 5% with credit scores above 620, and reasonable fees. Your closing costs can be added to the loan amount if you choose, which is what most people do, and doesn't affect your payment too much. I suggest you get a free pre-approval, and you can look at your "break-even" period, which is the amount of months that it would take for the refi to essentially pay for itself. If you plan to stay in the home for awhile it makes sense to at least look at refinancing. You should also consider your savings over the life of the loan. Again, with a free pre-approval you have no risk. And, when refinancing, you have 3 days AFTER the closing to break the deal if you're not comfortable (it's called the "cooling-off period"… [cont.]
Answered by Bob F - Tue Sep 22 18:49:09 2009
What is the best way to refinance my rental property?
Q. We recently moved and because we were unable to sell our home, we decided to rent it. We were unable to refinance at the interest rate we wanted because it is now a rental property. We would like to lower our monthly payment, but have heard that many banks won't give you a decent rate on a rental. Any ideas?
Asked by runnermom - Mon May 10 19:08:38 2010 - - 2 Answers - 0 Comments
A. A previous answer said: "Find a mortgage lender vice a mortgage broker - they will have more products and can find niche products suited to your needs." This is the most ridiculous answer I have heard in a while. First of all, there is no lender or broker that will have any different programs on an investment property, it's straight-forward, cut and dry. Whatever the par rate is on a primary residence, just add 1.75 points to the fees and be at 75% or under on loan to value. and that is the pricing for an investment property. It;s untrue that the rates are higher, it's the discount points or fees that are higher. There is also no way that a lender has more program options than a broker, that's just plain wrong. A broker has multiple… [cont.]
Answered by GVD - Mon May 10 20:18:56 2010
Q. We recently moved and because we were unable to sell our home, we decided to rent it. We were unable to refinance at the interest rate we wanted because it is now a rental property. We would like to lower our monthly payment, but have heard that many banks won't give you a decent rate on a rental. Any ideas?
Asked by runnermom - Mon May 10 19:08:38 2010 - - 2 Answers - 0 Comments
A. A previous answer said: "Find a mortgage lender vice a mortgage broker - they will have more products and can find niche products suited to your needs." This is the most ridiculous answer I have heard in a while. First of all, there is no lender or broker that will have any different programs on an investment property, it's straight-forward, cut and dry. Whatever the par rate is on a primary residence, just add 1.75 points to the fees and be at 75% or under on loan to value. and that is the pricing for an investment property. It;s untrue that the rates are higher, it's the discount points or fees that are higher. There is also no way that a lender has more program options than a broker, that's just plain wrong. A broker has multiple… [cont.]
Answered by GVD - Mon May 10 20:18:56 2010
Is it possible to refinance a car? Even when the state keeps your title for the current lender?
Q. 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?
Asked by Big Joe - Wed Jan 9 15:50:12 2008 - - 2 Answers - 0 Comments
A. 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
Answered by UCANTCME - Wed Jan 9 16:13:42 2008
Q. 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?
Asked by Big Joe - Wed Jan 9 15:50:12 2008 - - 2 Answers - 0 Comments
A. 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
Answered by UCANTCME - Wed Jan 9 16:13:42 2008
How and when can you refinance a auto?
Q. Is it a good practice to refinance a car or truck. I recently purchased a home and the payment is somewhat large. I was in need of transportation before I purchased the home. I was thinking It would hinder the mortgage process if I bought a new vehicle before the house. I want to know is it worth refinancing the auto to make my money and budget work out. I did not buy this auto just to be buying, I bought it because of need and the condition of my 92 van is horrible. There is no heat and many other things. Any advice is appreciated.
Asked by jawsnu7 - Thu Dec 14 14:58:48 2006 - - 3 Answers - 0 Comments
A. You may not be able to cash out when you refinance your auto. Becuase it has a declining value the only thing you would benefit from is smaller monthly payments by shopping for a better rate and getting a longer term. I am curious about the mortgage you have. You may be in the wrong product. There are so many mortgage options availbale that you could refinance to have a more suitable payment plan for your current financial situation. Feel free to email me if you have any questions or are looking for details geared towords your situation. Just remember you have to decide if your priority is a lower monthly payment and higher interest in the long term.
Answered by Yisrael Chai - Thu Dec 14 15:12:54 2006
Q. Is it a good practice to refinance a car or truck. I recently purchased a home and the payment is somewhat large. I was in need of transportation before I purchased the home. I was thinking It would hinder the mortgage process if I bought a new vehicle before the house. I want to know is it worth refinancing the auto to make my money and budget work out. I did not buy this auto just to be buying, I bought it because of need and the condition of my 92 van is horrible. There is no heat and many other things. Any advice is appreciated.
Asked by jawsnu7 - Thu Dec 14 14:58:48 2006 - - 3 Answers - 0 Comments
A. You may not be able to cash out when you refinance your auto. Becuase it has a declining value the only thing you would benefit from is smaller monthly payments by shopping for a better rate and getting a longer term. I am curious about the mortgage you have. You may be in the wrong product. There are so many mortgage options availbale that you could refinance to have a more suitable payment plan for your current financial situation. Feel free to email me if you have any questions or are looking for details geared towords your situation. Just remember you have to decide if your priority is a lower monthly payment and higher interest in the long term.
Answered by Yisrael Chai - Thu Dec 14 15:12:54 2006
Can I refinance my mortgage and home equity line of credit together?
Q. For example, I take both loans and refinance them together as 1 loan with a 30 year loan?
Asked by MH - Fri Feb 8 00:42:17 2008 - - 3 Answers - 0 Comments
A. Sure...as long as your value in your home has not depreciated under the amount that you owe.
Answered by hyabusawife - Fri Feb 8 00:44:55 2008
Q. For example, I take both loans and refinance them together as 1 loan with a 30 year loan?
Asked by MH - Fri Feb 8 00:42:17 2008 - - 3 Answers - 0 Comments
A. Sure...as long as your value in your home has not depreciated under the amount that you owe.
Answered by hyabusawife - Fri Feb 8 00:44:55 2008
I need to refinance my truck asap Owe about as much as the truck is worth?
Q. As far as trade in value goes.I'd like to refinance or get a low rate llone to pay it off and improve my credit.What is the best place or instutution to go through? Truck is an 04 less than 23,000 miles owe about 10 grands still.Any advice greatly appriciated.
Asked by roxyzfoxy4u2 - Fri May 23 01:29:39 2008 - - 2 Answers - 1 Comments
A. You should shop around for the best deal, bankrate.com is a good place too look. another option is to pay more than your minimum payment to start and pay it off early.
Answered by TheBigAndy - Fri May 23 01:52:56 2008
Q. As far as trade in value goes.I'd like to refinance or get a low rate llone to pay it off and improve my credit.What is the best place or instutution to go through? Truck is an 04 less than 23,000 miles owe about 10 grands still.Any advice greatly appriciated.
Asked by roxyzfoxy4u2 - Fri May 23 01:29:39 2008 - - 2 Answers - 1 Comments
A. You should shop around for the best deal, bankrate.com is a good place too look. another option is to pay more than your minimum payment to start and pay it off early.
Answered by TheBigAndy - Fri May 23 01:52:56 2008
How do I know when its time to refinance my mortgage?
Q. I just bought a home last October. I signed a single 30 year mortgage for 280,000. My interest rate is 6.75%. I have only made 3 payments on this mortgage. With interest rates dropping when is a good time to refinance?
Asked by Sean T - Tue Jan 22 16:19:22 2008 - - 4 Answers - 0 Comments
A. You must have heard about the Fed cutting the interest rates again today :) The quick answer on refinance timing is that you are not required to wait any period of time before refinancing your current mortgage. However, most home owners do wait until they have some equity in their homes before refinancing. When making loan decisions, one of the most important factors potential lenders review is the loan-to-value ratio, or LTV, of the proposed loan. This ratio compares the amount of the loan you are trying to obtain to the current value of your home. The interest rates charged on 100% loan-to-value refinance loans, are generally higher than the rates charged on loans with a with lower loan-to-value ratios (it's intuitive, since they are… [cont.]
Answered by Debt Guru - Tue Jan 22 21:22:58 2008
Q. I just bought a home last October. I signed a single 30 year mortgage for 280,000. My interest rate is 6.75%. I have only made 3 payments on this mortgage. With interest rates dropping when is a good time to refinance?
Asked by Sean T - Tue Jan 22 16:19:22 2008 - - 4 Answers - 0 Comments
A. You must have heard about the Fed cutting the interest rates again today :) The quick answer on refinance timing is that you are not required to wait any period of time before refinancing your current mortgage. However, most home owners do wait until they have some equity in their homes before refinancing. When making loan decisions, one of the most important factors potential lenders review is the loan-to-value ratio, or LTV, of the proposed loan. This ratio compares the amount of the loan you are trying to obtain to the current value of your home. The interest rates charged on 100% loan-to-value refinance loans, are generally higher than the rates charged on loans with a with lower loan-to-value ratios (it's intuitive, since they are… [cont.]
Answered by Debt Guru - Tue Jan 22 21:22:58 2008
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Mon, 23 Aug 2010 18:29:09 GMT+00:00
Best Syndication The most common way homeowners refinance a home loan is with a 30-year-fixed-rate mortgage. The August 2010 Obama Housing Scorecard said that there was 30 ...
homemortgageask.com
admin
ue, 17 Aug 2010 06:53:29 GM
I want my 11% Home Mortgage, I receive the payment. I have never failed or missed a payment, the amount is 1405/mo. However, I made a deferral option. My house.
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