Posts tagged Refinance

I need to refinance my mortgage next month. What questions should I ask the lender to get the best deal?

3
1 year ago
by admin in

Question : I need to refinance my mortgage next month. What questions should I ask the lender to get the best deal? I was going to compare rates @ the Lending Tree. What do I need to know or need to ask? Do I need money down, need to pay points, how much are closing costs? I now have a fixed rate that is turning into a flexible rate next month. I pulled up my credit report and looked up Experian and I have a 740 “vantage” score. What kind of rate could I qualify for? Please help! Thank you for your information!!!! compare fixed mortgage rates

Best answer:

Answer by spotClosing More >

How much should your current interest rate ( existing Mortgage) change, before it makes sense to refinance?

1
1 year ago
by admin in

Question : How much should your current interest rate ( existing Mortgage) change, before it makes sense to refinance? My current rate is 6% for 15 years. I want to re-fi at 5 % for 10 Years (4,500 in closing fees), but I have been paying on this current mortgage for 9 years, so currently I am past paying all interest. So does it make sense to re-fi and start all over gain with several years of just paying interest.? refinance mortgage interest rate

Best answer:

Answer by coolbreeze6% is not bad. I wouldn’t do it just because of the 5 grand out of pocket also you only have 6 years left. More >

Can I refinance my mortgage from VA to FHA?

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1 year ago
by admin in

Question : Can I refinance my mortgage from VA to FHA? Not trying to get any money back. Just lower rate. fha mortgage refinance

Best answer:

Answer by chatsplasSee if you can get a Loan Modification, keep same loan, lower interest rate. LOTS easier and cheaper than a refi. Takes SOME time to regain what you pay out for refi, to break even with new loan rate.

Strategies to Refinance Housing Loan (Part 3)

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1 year ago
by admin in

home loan refinancing

Is this the right time to refinance your mortgage in Texas

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1 year ago
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Why refinance back into a 30-year loan? Texas refinance your mortgage for the fare cuts and

Austin, Texas – One of the main reasons to refinance their mortgages homeowner to obtain a lower interest rate and lower monthly payments. By refinancing, the borrower pays the existing mortgage and replacing it with a new one. This can often be a non-points no-fees loan program, to be achieved essentially “no cost” to the borrower.

used in the fields of non-no-fee scenario, the mortgage paid off adviser funds by the lender to pay off the acquisition costs for the borrower. These are “one time” More >

Should I refinance my loan to a fixed rate?

10
1 year ago
by admin in

Question : Should I refinance my loan to a fixed rate? I have a 488,000 options arms loan that has 2 years left before I refi without pre-payment penalty. As of now the pre-payment penalty is 15,000. Got a quote from my loan agent at 6.125% for a 30-year fixed, no pionts and no cost. Estimate out of pocket $ 3500. I plan to roll the 15,0000 into the refi. Should I bite the bullet and just refi. I estimate that I can save $ 600 from what I pay right now and be able to recoupe the amount in 31 months. I plan to stay in the house for another 5-7 years. Rates look low right now. what should I More >

FHA Streamline Refinance – Utah, Nevada, Arizona, California, Idaho, Washington

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1 year ago
by admin in

home refinance california

utahmortgagenow.com FHA Streamline Refinances are easy and fast to do. In a matter of a few hours, we can reduce your interest rate, your monthly payments, and save you a lot of money. FHA Streamlines are for individuals who already have FHA home loans. These are one of the best types of loans that you can get. We can do FHA Streamline loans for people and families living in Utah, Nevada, Arizona, California, Idaho, Washington, and many other states. Contact us today to get started on your FHA Streamline mortgage.

Mortgage Refinance – Tips and ideas to help you apply for mortgage

0
1 year ago
by admin in

mortgage refinancing is one of the best ways to raise money and savings. Doing your research will certainly help you avoid hidden costs and other expenses. This not only reduces the monthly payment, the declines in interest rates, but also reduces the duration of the loan saving you any time, the debt will be as free as possible. Nowadays there are many companies that offer mortgage refinancing loans with many options to meet the needs and requirements and it is therefore important that a bit before seeking to apply for a loan, but ending all of your search Once you’re in our company step More >

Need to Refinance an adjustable rate mortgage with so-so credit?

2
1 year ago
by admin in

Question : Need to Refinance an adjustable rate mortgage with so-so credit? Hi,

My husband and I bought our home 2 years ago on with an adjustable rate mortgage. The interest rate has now come up and we need to refinance.

The problem is that our credit score is about 600.

Can we get a refinance? Our home is worth about $ 240K, we have $ 25K in debt, and we make about $ 140K per year. Thanks Bob,

But we really can’t afford the extra costs. Our payment went from $ 1100 per month to $ 1680 per month.

What would the rate be for a credit score of 600? refinance mortgage interest More >

When is it the best time to refinance a mortgage???

3
1 year ago
by admin in

Question : When is it the best time to refinance a mortgage??? I have my own thoughts on this, but wanted to hear what others think or have done themselves in the past. Lets say someone has a mortage at 7.5 fixed rate. How far should rates drop before a person should considering refinancing and it really benefitting them???. 1%, 1.5%, 2% best refinance mortgage

Best answer:

Answer by src50Generally 1.25% or more. But it depends on the situation and what the refi will cost you.

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