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Where can I find the best mortgage rate for refinancing? I am not sure whether to refinance with debt consolidation, cash out or a home equity loan or line of credit.

How much does a mortgage broker make of a deal for a home refinance? How much does a mortgage broker make off a refinance loan? vs How much does a bank employee doing a refinance make off a refi loan? Besides ideal credit scores, what steps can be taken to ensure getting the best possible rate?

Moving from an ARM to a fixed rate loan. Seeking advice on the best process.? I have been in my home for 3 years and I need to try and refinance my main mortgage (I have a 2nd as well). October 1, 2007, my ARM rate jumps from 5% to 7%. I have refinanced my last home, so I know the process somewhat, but I am a bit terrified this time around because it looks like even with moving to a fixed in the high 6s, my monthly out of pocket cost is going up about $1000. So I am looking for ways to ensure I am getting the best loan possible. I went to my bank who said that they can get me 7.19% fixed with no points and no closing costs or 6.5% fixed with no points but with closing costs (which will cost me around $12,000, but would be wrapped in and financed over the 30 years - ugh!). I am thinking about doing the Lending Tree application but I don't really want to field 10 different mortgage reps' calls over the next 3 days. I think it's worth it if I can get a better deal, though. Right? Any advice on best practices for this scary process would be helpful.

How good is an interest only refinance loan fixed for 7 or ten years at 6.125 interest rate? We bought a home in FEBRUARY of 2005 the payments are pretty high we have a fixed 30 years mortgage at 6.125 and we are trying to reduce our mortgage payments, we are being offerd a 7 years fixed at 5.37 and a 10 years fixed at 6.125 both which is interest only which is the best refinance plan or should we stay with our present mortgage of 6.125 for 30 years.

Would it be better to refinance at a lower interest rate or take out a home equity loan? Here is my situation: We would like to put around $20,000 into our house. Should I refinance at a much lower interest rate for an extra 20 grand? Or should I keep our current mortgage as is and take out a home equity loan for $20,000. Currently we owe 70,000 on our home, have no other significant debt and our current interest rate is 7.150% with 25 years left to pay it. We have the option to refinance at 90,000 at an interest rate of 5.89% for a term of 20 years. Which makes the best sense?

Assuming a Home Mortgage/Loan? My wife and I are considering assuming a loan on the home we're renting. The owner has a neg am loan with an interest rate that will cap no higher than 11%. He's currently 1.5 years into a 5 year fixed. We're concerned about the high interest rate so the ability to refinance is very important. We know that it may be best to just apply for a new loan but I have started a business and cannot verify income. So getting a new loan can be just as problematic. This could be an easy way to get into a home but is it a good idea? What do we need to consider?

Looking to find lowest refinance home mortgage rates? I’m looking for a better home loan mortgage rate than I currently have with my bank. So I am seriously considering refinancing. Does anyone know where I can currently check for the lowest refinance home mortgage rates?

Mortgage help i just refinanced my home and got a adjustable rate can i still refinance and keep my loan 50k? i just refinanced my home the original value was 45k and i had it paid down to 35k. when i refinanced it brought the value i need to pay back up to 51k. i have a adjustable rate now that will kick in may of 09 my percent is 12.750 i think. i pay 500 a month now for the mortgage and 720 total with all the taxes and stuff. i dont have a penalty for paying the loan of early so i want to pay it off in the next five years but with the arm my percent can go as high as 18.750. i dont want the bank to take my house from me because of the mistake i made by refinancing in the first place. so is it possible to refinance into a fixed rate and still keep the loan at 50k and still pay it of early with out any penalty. this is my first post so plz any and all help is great

if i take out a home equity loan now will this loan affect me if i want to refinance my mortgage.? I have 24 years left on 30 year mortgage. I am thinking about a home equity loan at a favorable rate, rather than roll in to refinance consolidation. If rates are favorable later this year i may like to refinance 1st mortgage at 15 years. Will home equity loan affect my refinancing even if i am not looking for any cash out.

How do i refinance my home loan/mortgage? My mother used a "VA" loan to pay for our home. the interest rate is above 6% and she is looking to refinance to a lower rate. Now i watch many (money) shows but seein that i dont own a home, i never payed attention. Can you guys/gals give me a run-down of how to go about refinancing a home loan and some possible tips? thank you

Can a person refinance a home equity loan, as opposed to a refinancing a mortgage? ? A couple of years ago, my spouse and I doubled the size of our home which we had owned "free and clear." To do so, we took out a 20 year home equity loan for $250,000 at a rate of 5.85%. Since we already owned the home and this was technically not a mortgage, there was no downpayment on this loan. With rates coming down, do we have any hope of refinancing our home equity loan? Or, is refinancing basically restricted to mortgages? Thanks.

Refinance Mortgage or Home Equity Loan? I need to get some home repairs done and have the option to refinance my mortgage at the same rate (6%) for 30yrs or go the Home Equity loan route with 7.85% for 15 years. Does anyone know if one option is better than the other in the long run?

Should I refinance my interest only mortgage loan? We have a 5/1 ARM with interest only mortgage currently. Got it at 5.25% 3 yrs ago. We have been making interst only payments so far with no payments towards the principal. But our home price has gone up by above 50k over the same period which I guess would count as equity. I expect my income to increase in the next few years substantially but as we get closer to the 5 yr mark, I am getting very nervous that our payments are going to get sky high and was looking at a 30 yr fixed rate loan at abt 5.8%. We plan to stay in this house for atleast another 3-4 yrs. Do you think it is wise to refinance at this point?

just refinanced 1st and 2nd mortgage...Help? we are in the 3 days "grace" to review everything from our closing....I am thinking about nixing it.....here goes: OHIO we owe 52000 on our 1st mortgage rate is 6.875..opened in 2002....2nd mortgage (debt consolidation and remodel home). opened aug 2008...owe 25,000..that is a 10 yr loan at 8.75....mortgage 1 payment w tax and ins is currently 588 a month...2nd is 326.00.....just closed w CHASE to do a total refinance 30 yr fixed....5.375 rate....we will be here prob another 5-7 yrs....new payment total is 669.00....only thing that scares me is the mortgage insurance premium of 1398.00....and closing fees....would it be best for us to rescind this...and instead perhaps refinance 1st and 2nd separately? to avoid PMI.s....any help and guidance would help me at all...thanks

Is there such a loan mortgage to refinance a home with people with bad credit? intrest rate went up but having difficulty making payments and lowering my credit score

Which bank offers the lowest interest rate for mortgage refinance in California? I need to refinance my second/investment home in Milpitas California and I'm looking for a mortgage broker or a bank that offers lowest interest rate based on 700 or more fico score. Preferably a loan program with minimum monthly payment is preferred.

Refinance my mortgage and home equity loan? I have started the process of refinancing my home equity loan from 9% to a lower rate. It currently has a balance of $10K. I have also started the process of refinancing my home mortgage from 6.8 to around 5 something hopefully. It has a balance of $54k with 10 years to go on the current loan. I was originally thinking of just refinancing the mortgage with a 10 year payment period without taking out any additional moneys. Question: Should I refinance my mortgage, taking out enough to also pay off my home equity loan as well? Thanks

I want to refinance my ARM to a fixed rate mortgage, what are the steps to take? I want to refinance my ARM to a fixed rate mortgage, what are the steps to take? I have $67,934 mortgage+ $22,000 home equity loan=$89,934. I want to pay it off in 15-22 years. My credit score is 707. The house is worth only $75k now. We want to stay in the house for at least 5 more years. Where do I find a good deal?

Smartest way to pay debt refinance, home equity loan or a payment plan?? I have debt totaling 30,000. I own a home in which I have over 150k equity in. I want to pay this debt once and for all. What would be the smartest way to do this? Should I refinance, take a home equity loan or set up a payment plan? My mortgage rate is 5.375 so refinancing would put me into a new higher rate since rates have gone up. I also have access to $10,000 in my 401k that I could borrow. I just want to make the right decision here. Any help would be great! Thanks.

Paid off 1st mortgage. Owe 90000 on a 2nd mortgage/home equity loan. Should I pursue a new loan to refinance? I am 46 years old. My husband is 50 years old. The rate is 9.25%.

Is there a mortgage loan company, that will refinance our home if the value is less mortgage balance? My husband and I are in our 30s. We have a mortgage that is unbearable but we have manage to make the payment for the three years that we have had the home on-time. Our employment status has changed and my husband is the only one working. Our home value is less than the balance we have. We have good credit. Is there a loan program that can help us reduce our payment/rate? Our rate is currently at 11%. Are there any programs for minorities? Lastly, our mortgage is with HFC and they are dissolving but there mother company is HSBC. I called them re: the President's Home Affordability Plan that was announced on 3/2/09. Per the website, I should qualify, but HFC said that they did not have any info on this yet and I would have to wait but it looks like I would not qualify. That does not seem right. I hope this makes sense. I would greatly appreciate some real help. we purchased the house for 143,900 now the house is worth 135,000 and our loan balance is 151,000.

My tax value on my home has increased. Should I refinance my first loan and add the home equity loan? We relocated and purchased our home about a year and 7 months ago in an area that was more expensive than we were coming from. The purchase price was $239,000, we put down $14,000, and took a home equity loan of $34,000 to finance the rest of the purchase price and to avoid PMI. I recently submitted a question about whether or not to start paying down the first mortgage or the home equity loan, and got great advice, but I am wondering now that my tax value of my home has increased in January from $200,000 to $279,000 due to reassessment, (I know it wouldn't sell for that now because we recently had comparables done in January), would I save money by refinancing my first mortgage and adding in the home equity loan so the total amount has a lower interest rate? My husband thinks we have to wait 2 years before we can refinance, and I'm not sure about that, but that would be this July. My goal is to pay off our house as soon as possible.

Who needs a Guaranteed Loan Offer at a Low Interest Rate? I am Mr.Harrison A. Walker a private lender. I give out both private and commercial loans to both individuals and corporate business organisations at a low interest rate.Under my loan process, repayment can be made either monthly or yearly. I give out loan for: Free mortgage/loan assessment. Home Purchase Loans.. Refinance Loans.. Fixed Rates.. Adjustable Rates.. Land Development Loans.. Residential Investment Loans.. Multi-unit Loans.. Personal loans... Business loans... Auto loans... If you need more details or you wish to obtain a loan from me,you can contact me via e-mail harrisonalphwlkr_loan@yahoo.com.

Cash-Out Refinance or Second Mortgage? If Second Mortgage...home equity loan or HELOC? My 2-family home is valued at 375K. I have 12 years and 88K on it left. My current loan is at a 4.9 interest rate. I need to borrow 220K and need it in lump sum. With todays rates being around 6.5 for a 30 year, I know refinancing is out of the question. Which would be better for me, a HEL or a HELOC? What would my payments be for 30 years, 15 years? Thanks

Refinance or Home Equity Loan? My brother and I are in our mid to late 20’s and own a 2 unit home valued at approximately $75,000 free and clear. We have a 30 year mortgage (out on another home valued at approximately $40,000) at a fixed rate of 7.4395%. We have been paying on this loan for almost 3 years. (PMI of $20 a month). Each of these are rental units. I know mortgage rates are at an all-time low slightly under 5%. Would it be better for us to refinance our current mortgage or take out a home equity loan and use it to pay it off. Please factor into the equation that I plan on purchasing another property in the next year or so which will be my primary residence.

How can I refinance my mortgage when the existing loan in greater than 90% of the value? It doesn't seem lower interest rates do the majority of people any good, as mortgages already greater than 90% of the appraised value can't be refinanced (even if refinancing for the same amount!) How does this help people who's home value has dropped with the market and are struggling to make payments on their high interest ARM? Would they rather these people foreclose or declare bankruptcy?

Refinancing a home loan do I need to put 20% down again? With all the mortgage rates dropping, I'm considering refinancing my home loan. Do I have to put a 20% down payment again to avoid PMI even for a refinance? My concern is that if my montly payments get lower, but now I will have to pay PMI, it might be more feasible for me to just not refinance, since it nets out to the same, and I don't plan on living at my current home for 3 more years.

Home Equity loan to pay off my 20% mortgage loan.? Am i off the mark here with thinking that i can take out a home equity loan to pay off my 20% mortgage loan? I didn't have the 20% down payment when i bought my place, so i took out a 20% loan @ 9.75% to cover that and avoid the PMI. Can i take out a home equity loan to pay this off, while paying back the home equity loan at a much lowwer rate? Or am i better off refinancing after paying my mortgage for at least a year?

Refinancing my mortgage and home equity loan? I have started the process of refinancing my home equity loan from 9% to a lower rate. It currently has a balance of $10K. I have also started the process of refinancing my home mortgage from 6.8 to around 5 something hopefully. It has a balance of $54k with 10 years to go on the current loan. I was originally thinking of just refinancing the mortgage with a 10 year payment period without taking out any additional moneys. Question: Should I refinance my mortgage, taking out enough to also pay off my home equity loan as well? Thanks in advance for

With the Federal Interest rates so low can I refinance into a lower fixed rate with not so good credit? I bought my first home from my parents about 2 years ago. The loan at the time was 8%. With the federal interest rates so low is it possible to refinance my fixed rate loan to a lower interest rate with not so good credit. I have a few lates on my mortgage along with an apartment eviction this year and collection accounts. Am I doomed to fail?

When to refinance and what to do with 2nd mortgage? Bought home in October of 2006.Bought it with no money down. Did 80/20 Loan: 1st Loan 7.125% 2nd 10.5%. Interest only 5/ARM. Price was $584000 In the Los Angeles area. Bought Home below market value, houses around my area are selling for $650K and up.How soon can I refinance to a fixed rate and what can I do about the 2nd mortgage in order to avoid getting a Jumbo Loan rate and having to pay PMI?

Refinance home mortgage for negative equity? Hi, I bought my house in 2006 for $450k with no down. Interest rate for the first loan (80%) is 6.5% and I got the 2nd loan with 9.5%. Now the estimated home value is ~$400k. I know the interest rates these days are less than 5.5%. Can I get a refinance?

Home loan or mortgage question is it worth refinancing? I purchased a townhouse back in 2005 and i have two loans on it one for 490,000 fixed for 10 years at 5.75% but its a 30 year loan., and a smaller loan for 54,000 dollars at a variable rate. Obviously the value of my house has dropped. But i've noticed some companies offer refinance rates at about 4.5%. If i put down about 10,000 and try to refinance will i be able to get that 4.5% fixed for 30 i guess. I have perfect credit and have never missed a payment since ive purchased the house. Also is it worth refinancing for 1%.? Thanks Those of you in the finance business what would you suggest for me?

I am upside down on my mortgage which includes an equity loan? Is there anyway I could refinance my home to get my mortgage and equity loan combined into one payment at the one of the current lower loan rates?

Question about searching in search engines? My question is related to searching in search engines I need to copy paste website addresses by searching in google suppose I search mortgages in google The results are # Mortgage - Wikipedia, the free encyclopedia For loans secured by mortgages, such as residential housing loans, and lending practices or requirements, see Mortgage loan. ... en.wikipedia.org/wiki/Mortgage - 65k - Cached - Similar pages # Mortgage loan - Wikipedia, the free encyclopedia A mortgage loan is a loan secured by real property through the use of a mortgage (a legal instrument). However, the word mortgage alone, in everyday usage, ... en.wikipedia.org/wiki/Mortgage_loan - 108k - Cached - Similar pages More results from en.wikipedia.org » # Nationwide Building Society - Mortgages Additional mortgage borrowing paid to you as one lump sum. Flexible advance. Additional mortgage borrowing that allows you to draw on the money as and when ... www.nationwide.co.uk/mortgage/default.htm - 17k - Cached - Similar pages # Mortgages | compare thousands of mortgage and remortgage rates and ... Compare thousands of UK mortgage and remortgage rates and deals, including mortgages from high street and specialist lenders. Help and advice available... www.moneysupermarket.com/mortgages/ - 231k - Cached - Similar pages # Mortgage advice & news - compare mortgages & mortgage rates in the ... Mortgages & mortgage news - compare mortgages & get expert advice from brokers tailored to your needs. Use our free mortgage calculators or find out how ... www.yourmortgage.co.uk/ - 65k - Cached - Similar pages # Mortgages, Home Equity Loans, Refinance, Rates, Mortgage ... Provides information about mortgages, mortgage rates, home refinancing, home equity loans and many other mortgage related topics. Try our free mortgage ... www.mortgage.com/ - 33k - Cached - Similar pages # Loans | Car Loans, Secured Loans, Homeowner Loans & Personal Loans Mortgages with a range of over 4000 products. This includes products for First time buyers & re-mortgages. Enter Mortgages · Life Insurance ... www.rainbowgrp.co.uk/ - 16k - Cached - Similar pages # Mortgage | LII / Legal Information Institute A mortgage involves the transfer of an interest in land as security for a loan or other obligation. It is the most common method of financing real estate ... topics.law.cornell.edu/wex/mortgage - 16k - Cached - Similar pages Instead of this is there a way to make serach results appear in listed form with only website addresses like this so I can copy paste ? en.wikipedia.org/wiki/Mortgage en.wikipedia.org/wiki/Mortgage_loan www.nationwide.co.uk/mortgage/default.htm www.moneysupermarket.com/mortgages www.yourmortgage.co.uk www.mortgage.com www.rainbowgrp.co.uk anybody can help /?

how do i refinance my house when I owe more than it is worth? Our Adjustable rate mortgage is about to "adjust". Unfortunately home values have plummeted in our area. We want to refinance to a fixed rate loan but wonder if it's possible when our current loan balance is more than what our house would be appraised for.

Should I refinance Home Equity loan to consolidate credit card debt (I am buying a new house in 120 days)? Consider this: 1. I have $30k in credit card debt. 2. I have a 1st mortgage for $200k (4%) and a Home Equity line of $170k (at prime rate) with no additional credit available. 3. I am buying another house at the end of April. Would I be better off refinancing my Home Equity and Credit Cards into a new Home Equity loan, or just stick with it as is? I have heard that I may be able to get better rates on my loan for my new house if I refinance. Could this be true? Thoughts? Opinions? Alternatives?

I want to refinance my mortgage but have been turned down due to dropping home value? We mortgaged our home 3 years ago to do some much needed home improvements. Now we've tried to refinance and change our ARM to a fixed rate and been told our loan to value is too high now that the house prices have dropped. We live in a 2 family house and the "on line" field card says its a single family...(the city field card clearly says 2 family) What are our options? Our credit is good, we've never been late on our mortgage but just want a fixed rate. Is there any hope for an upside down adjustable mortgage???

How do you refinance an upside down mortgage for a manufactured home? My husband and I bought a manufactured home back in 2001. Unfortunately, we were very inexperienced and did not understand that having money down at closing was so important. At the time, we also had bad credit, but the dealer was determined to sign us. We ended up buying down 7 points and rolling it into the cost of the loan along with the other closing costs in order to lower our interest rate into something we could afford. It was lowered from 12.5% to 10.75%. We have always made timely payments for the last 6 years, but would like to refinance to get the incredibly high interest rate down. Our current lender says that 10.75% is their lowest rate, and our credit union won't finance due to the negative equity. The house is appraised at $81,000 and we still owe $92,000 on the loan. I've heard that there are loans available for 125% of a home's value, but not if it's manufactured. Does anyone know of any alternatives or have any useful suggestions to help us? Also, just to clarify, the house is attached to a permanent foundation on a piece of land that my husband and I own.

Are there any options we can take to avoid foreclosure and be able keep our home? Currently, our mortgage loan rate has increased drastically (from 6.5% to 9.5%) since it is ARM. We were trying to refinance it but the market value of our home has decreased and it’s really hard to get a bank approve the refinancing.

Is it better to refinance or take out a home equity loan? My 1st mortgage has a fixed interest rate and a 2nd mortgage that is a Line of Credit with a variable interest. I don't need more cash I just want to get rid of the second mortgage w/ variable rate !!

Can default on a home equity loan cause foreclosure? I was coerced into taking a home equity loan along with a mortgage refinance four years ago. The max on the loan was 15,000, of which we spent around 9,000. Since the time we did this, the monthly payments have continued to climb because of the high interest rate, and late fees. The loan has been maxed out for several months. In February we turned the account over to a credit counseling agency we are using. Today I received a summons that will account for nearly 20,000. I have never had a late mortgage payment; can I end up losing my house because of the home equity loan?

How long after buying a home can you refinance? My husband I just bought home in July 2008 for 87k. Our interest rate is at 6.25. With the mortgage rates falling because of the economy, we would like to refinance to pay off some bills and to get a lower rate. We are first time home buyers and have a fixed 30 year FHA loan. Do we have to wait one whole year to finance or can we do it now?

when to refinance home mortgage? when is it worth refinancing. i locked my 30 yr mortgage at 6.375 or 6.125 i have to look it up. it was a 157k loan. right now the rate is at 5.375 i think. the cost to refinance is $1300. the guy at the bank said that a good time to do it would be when the rate is at least 1% lower. he also said that i would make up the $1300 probably in the first year. any input on when to refinance would be great. thanks when is it worth refinancing. i locked my 30 yr mortgage at 6.375 or 6.125 i have to look it up. it was a 157k loan. right now the rate is at 5.375 i think. the cost to refinance is $1300. the guy at the bank said that a good time to do it would be when the rate is at least 1% lower. he also said that i would make up the $1300 probably in the first year. any input on when to refinance would be great. thanks I do all my banking at US Bank. I was told awhile ago that with each 1/8% rate deduction it's about $5 less for the monthly payment. i wouldn't be able to pay any fees out of pocket. they'd have to be added to the loan.

If I choose to blow off a mortgage loan, how long will it take to regain credit? BadGirl has an idea. What if I dump all of my student loans into a refinance and/or home equity (on property I own, but need to unload), and then I decide to bail on that property. It will take me a good 20 years to pay off my large student loan, but how long will it take to recoup my credit rating if I do this? BadGirl thinks it will take longer to pay off the student loan, than rebuild a bad credit rating (and get rid of the student loan debt for good). Comments/suggestions? BadGirl was not considering a bankruptcy, just giving the property back to the lender and dealing with the rest. You are right about the fact that I should be smarter, but I actually make about $40K less than I did before I became a teacher, and have more college debt because of it. I was thinking about refinancing with the same shitty company that talked me into the interest only rate to begin with-I thought maybe I could give them some of their "interest" back.

What to expect about fixed mortgage rates with current market status? loan modification, mortgage refinance, home mortgage refinance

My current home mortgage (s)has 2 loans can I refinance only 1? One has a higher interest rate than the other and I want to try and lower the higher one.

Refinance a home loan? We have an adjustable mortgage w/a balloon at the end. Our current interest rate is 7%. We pay $2119 a month ($1654 plus $465 for taxes). Beneficial is trying to get us to refinance with them. They have offered us a fixed rate loan at 11% with $9,000 cash out, a $15,000 "personal credit line" and they will pay off $14,000 in bills ($3k for our car, $1k NYS taxes, $10k student loans). The problem is the new payment will be $2828 and that DOES NOT include our taxes. Beneficial keeps making it sound like it is a big help to us but I don't see it. I think $2828 a month is a HUGE payment that we might not be able to make. The $10k in student loans they are paying are not even due for another 2 years so that isn't reducing my monthly debt. I guess my question is ...does anyone here think this is a better situation than what we have now? The current loan amount is $259,622 and the balloon is not due for 30 years. The new loan amount would be $288,000 with no balloon. Our credit scores are only 600 so not sure if Beneficial would consider a lower interest rate for a fixed mortgage. The loan Beneficial is offering is a 90% loan to value. They claim they have to pay off the student loans to get our debt to income ratio in line. I called our current mortgage holder this a.m. and they agreed to cancel our escrow lowering our payment to $1653 a month. We have enough in our escrow remaining to pay the taxes coming up in 2/08 so we have 9 months before the next tax bill is due. Beneficial also told me last night that the "origination fee" is $12,500!! They say it is a standard fee that is spread out over the 40 year loan. Plus they had a bunch of other fees that added up to a bundle. Our house appraised at $325k so we still have equity in it.

Can I refinance my home equity loan? I have a regular mortgage with a decent rate and a bunch of tax credits so I do not want to touch this. I have a home equity loan with a rate of 11% that I would like to refinance. It would be about $50,000. Would I just be applying for another home equity loan and pay off the one at 11%? Or is there another route? Does my first mortgage effect any of this or is it all based on the two put together against the value of my house? and by the way, stop offering to sell or help me with a loan. I want advice, not hopeless attempts to add me to your list of desperate and degenerate people who need to rely on dirtbags like yourself. Thank you to the ones that have offered advice, Cheers!!

Can you refinance a 1st mortgage and 2nd mortgage without equity? I own a single family property in IL. I have a 1st mortgage that was 100% LTV that was used to purchase the home and a 2nd mortgage that is a 120% LTV that was used to consolidate debt. The value of the home is about $40,000 short of what I owe based on both loans. I want to refinance my 1st mortgage which is at a rate of 7.25%. Is this possible?

How can you refinance a home loan with a NEGATIVE equity? Adjustable rate has taken our mortgage payment from $1,800 per month to $3,000!

Is the zero refinancing home loan real ? I am planning to buy my first home and applying for a home loan and one of the lender said this to me " If you take your mortgage with us and after 4 payments are made, if the rate goes down by a .25% we will refinance you at no cost" 1) Do they really refinance at NO(zero) cost of the rates go down .25% ? 2) Are there any other charges which are hidden which lenders charge if we refinance at a later stage when rates drop ?

My tax value on my home has increase. Should I refinance my first home and add the home equity loan? I left off the following information about my previous question. The first mortgage of $190,000 has a fixed rate of 5.375% and the home equity loan in the amount of $35,000 has a variable interest rate currently at 12.13%. Please see my earlier question for more details. Thanks so much for your help!!!! I want to pay my house off as fast as I can!

Is a 2 year fixed mortgage bad? I can refinance later. Am I locked in for 2 years with no refinancing? Home, mortgage, 2 year mortgage, home loans, home loan mortgage, mortgage rates

Did I get a good mortgage interest rate on my new home purchase? Re-finance? During 3rd week of Oct 2007 I locked in my rates with the lender for buying newly built home in the Denver, CO metro area. My credit score was 720 and first-time buyer. For 30-yr fixed-rate on 175,000 loan, lender said existing rate was 6.5%. After negotiating, my final rate was 6.25% that too after buying down 1.5 points for $2400. After having looked at other Q&A on yahoo answers, I feel that I am paying a higher rate than I was eligible with the same lender. Lender's third party costs were also high, like $400 for HOA transfer, while he got 6000 towards closing costs from home builder. So, I have two questions: 1. Did the lender hand me a high rate ( taking advantage of my ignorance) with some kind of deal with home builder? Or, did I get a decent rate? 2. On yahoo finance, today I see the same lender's rates are about 5.75. It can save me $100+ per month on my mortgage. So, should I re-finance right now ? Refinancing fee is $1750. Appreciate your expert answer.

Home loan or mortgage question is it worth refinancing? I purchased a townhouse back in 2005 and i have two loans on it one for 490,000 fixed for 10 years at 5.75%, and a smaller loan for 54,000 dollars at a variable rate. Obviously the value of my house has dropped. But i've noticed some companies offer refinance rates at about 4.5%. If i put down about 10,000 and try to refinance will i be able to get that 4.5% fixed for 30 i guess. I have perfect credit and have never missed a payment since ive purchased the house. Also is it worth refinancing for 1%.? Thanks

If I want to increase my home mortgage payment, do I need to refinance? Let's say my Countrywide home loan term is 20yrs, $1000 a month with fixed interest rate 6.5%. What's the bad/good if I decide to double my monthly payment?

Adjustable rate coming up on my mortgage.80/20 loan? I live in southern California, I currently have an 80/20 loan and the 80% is going to adjust. I'am in the process of refinancing but it isn't looking too good for me, I have about 20,000 in equity according to a recent home appraisal but I'am still having problems getting a loan. The payments will go up around $700.00 when it adjusts and it will be almost impossible to pay. Should I contact my Mortgage company now and see if they can work with me and if so what is the likely hood that they will work with me? I would like to avoid a short sell or obviously foreclosure. What are some of my other options? I have fair credit and good income. Beneficial is the company the loan is through.

My Mortgage Rate is 6.5% for my 380 loan. Should I refinance now or still wait. ? I also have a home equity with a varible of 5.15 at the moment total amount 122K. I need some expert advise !!! Let me know where i should go ...who has the best rates... should i do it at all.... help... only been in the US for 6 years and have not much of a clue about the system and how you can work it the best. Thanks a bunch ! Marco

WHat is a good mortgage company that can refinance my home? Details inside.? I bought my home last year in Tx. The rate is quite high at 10%. The cost of the home was $125 thousand and I am paying $1,200 a month (not including insurance and extra costs) the total with everything is $1,425.00. I would like to lower it as much as possible but my credit is less then perfect. Is there a mortgage company that can refinance my home to a lower fixed rate 30 year loan? Thankyou in advance! This is very very important to me, so if you know anything please tell me. It could come to the point where it will be the difference of whether I keep my home or not. My total closing costs were 2300 dollars. Where would I find a good mortgage broker?

Refinance current mortgage? Hi I have a mortgate of around 2 years old and is a 30 year fixed rate at 6.5%. With interest rates being slashed right now and house prices dwindling it would make a lot of sense to be able to refinance the mortgage at a much reduced rate, lower the monthly premium but still pay (ie overpay) the same amount each month to the mortgage company thereby paying of the principle faster and possibly ending up in a few years time with some equity back in the home. If I leave it as is the market is going down as fast as I'm paying off the principle and am therefore no close to actually owning my home. The other alternative to over paying is refinancing at a 15 year fixed rate loan as that seems to be giving me around the same monthly payment as I'm paying out now. But the question is, with no equity in the house will my current (or even another) mortgage lender even look twice at refinancing (I understand that lenders are reluctant to give out loan to value ratios of higher than 70-80%) thanks

can a mortgage company add your spouse name to your home title without your autorization? home title is in my name only. i bought home 2 years before i met my spouse. now my spouse is wanting to refinance and was told by mortgage company he was the only one they need to sign contract. how can this be if i've not sign any papers to authorize spouses name to be added to my title? i didn't even know my spouse had applied for a loan to refinace my house until later. the mortgage rates are much better but i can't understand how they can add my spouse to the title without me signing any type authorization.

Need A Home Loan/Refinance? Let me know. I work with a great mortgage company. If your looking to purchase a home or refinance your current home w/great rates call jason snell@1-661-943-7695 ( I pay $2,000 for any loan referred by you as well!!!)

Is my mortgage loan a bad one to have? We have an Iterest Only 80/20 Loan that is a 5/1 ARM. It is our first home and is a condo and we have lived there 1 1/2 years. Our interest rates are 6.1% and 7.5%. We are planning on selling within the next 3 years max. I've heard you only pay interest anyways your first few years anyways so this loan is ok?Should I refinance? How does all of that work?

Are mortgage points deductible in the yr of pmt or do I spread them over life of loan? I am a 1st time home buyer and am in a high tax bracket (33%). I am considering whether I should accept points and buy down the rate and claim all the points (approx $11,000) in the current year when I file my returns next year? This is not a refinance mortgage.

Is it possible to refinance your 1st mortgage if your combined 1st and 2nd mortgage exceed your home value? I bought my home in the fall of 2005 for $285000 with a 80/20 loan. The 80 is interest only for 5 years and the 20 is fixed. My home was valued over $300000 at the time so after being there 6 months I refinanced the 2nd to included my personal debt, so I could write off the interest while paying everything down. The loan is at $308000 currently, but now the house is only valued at $236000 (making it worse my neighbor has the same house and quick saled it for $207000 last month). I have 2 years before the 1st mortgage will add principal at a variable rate. The bank said the payment could go up $200 to $800, not to exceed 10% per year. They also said they won't refiance the 1st because the combined loans exceed the value. I have excellent credit and what to keep it that way. I have never missed a payment, but with a yearly increase in my mortgage at those rates I will go broke. What can I do to fix it before it's too late?

Who needs a Guaranteed Loan Offer at a Low Interest Rate? I am Mr.Harrison A. Walker a private lender. I give out both private and commercial loans to both individuals and corporate business organisations at a low interest rate.Under my loan process, repayment can be made either monthly or yearly. I give out loan for: Free mortgage/loan assessment. Home Purchase Loans.. Refinance Loans.. Fixed Rates.. Adjustable Rates.. Land Development Loans.. Residential Investment Loans.. Multi-unit Loans.. Personal loans... Business loans... Auto loans... If you need more details or you wish to obtain a loan from me,you can contact me via e-mail harrisonalphwlkr_loan@yahoo.com.

If I want to combine my 1st and 2nd mortgage what type of loan would that be? If we refinance and combine our 1st mortgage and our home equity line, what type of loan is that called. I don't want to call a mortgage place right now because they will run our credit and all that stuff. Also would we qualify for the low rates that are being advertised if we have good credit?

Mortgage refinance? Yesterday our mortgage lender called to give us details on a possible refinance opportunity. We aren’t sure if we want to do this or not. Would you look at the facts and figures and give us your opinion? Right now we have a 5.875% 30 year fixed rate loan with a balance of $134,700. Our monthly payment is $1,113.87. This includes insurance and taxes. We can get a refinance at 5.625% 30 year fixed rate for $161,000. Our monthly payment will be $1,250. Another option is to take a 15 year fixed rate at 5.25% with a monthly payment of $1,611. Both of these options will be 90% of our home value and will then incur mortgage insurance until our balance drops below the 90 % value of the home. We would get a cash out of $34,000 to pay off credit card debts. These credit card debits are at a low 2.99%, 3.99% and 4.99% fixed life of loan rate. We have been paying off about $700 to $1000 a month on this debt. In the last year, we paid off about $12,000, bringing the debt down from $36,000 to $24,000. This is the only debt we have, other than the mortgage. Here’s the question: Should we continue to pay off the credit card debt and be done with it in about two years? Of course, this is assuming that there are no other emergencies that require us to charge more debt. I am wary of the credit card market being able to change your percentages without much reason. We have co-signed for a car for a family member and she often makes late payments. I understand the credit card mongers can change your contract if you are delinquent on any bill, not just their own bills. That would be bad. It would be lovely to have only one mortgage bill to pay instead of five credit card bills and one mortgage payment. And not to worry that the terms might change without much warning. Plus it would all be a tax break. On the other hand, we could be done with that $34,000 credit card debt in two years if all goes well. Then we could double up on our mortgage payment and get that paid off sooner. What do you think? What would you do if it was your choice? We are going to ask our accountant friend the same questions. Just gathering opinions now. Thanks for taking the time to help us think this one through. We will be anxiously awaiting your answers!

has anyone heard of citizens mortgage they are a refinancing and home loan company they are great call them.? they have great rates and they will work with you in any way you need them to Call them and tell them jamie sent you the phone numer is 2095775188

I have a high interest mortgage rate with my current bank, can I transfer my loan to a bank with a lower rate? I have a high rate mainly because I've made the purchase when the real estate market was booming. I can't refinance my home with my current bank because my condo doesn't appraise for more than 90%, because I have two loans have a high rate mainly because I've made the purchase when the real estate market was booming. I can't refinance my home with my current bank because my condo doesn't appraise for more than 90%, because I have two loans...Can I combine the two loans to give me a better chance to refinance with a better rate? Can I combine the two loans to give me a better chance to refinance with a better rate?

Should I refinance my home loan? We bought our house last year at this time with an interest rate of 6.375% We are looking to refinance at 5.75% and consolidate some student loan debt that has a higher interest rate. When I talked to a my lender they said I would need to pay about 1500 to refinance. With the extra amount from other debt combined with the lower interest rate, it looks like our monthly payment wouldnt change much at all from what we pay now. Plus, I plan on using the extra money, that would have originally gone to other debt, to make higher mortgage payments. Is this a good idea or no? Are interest rate expected to go further down?

My home is paid for and I have an equity loan.? I live in Ohio. Can I refinance this into a regular mortgage or some other kind of loan with lower interest rate? I am at a variable rate right now. Loan amt is 25000. And I still owe prob (without looking) at least 23000. Any financial wizards out there?