Refinance Home Loan Mortgage - appraisals precautions

blog about refinancing home loans and mortgages

Mortgage adjusting up / Refinance question?

overthinkover asked: Hypothetical situation I might find myself in down the road….
Let’s say my ARM was about to adjust up considerably beginning this month. And I want to refinance.
I have an interest only ARM on a $750K home. So after paying for some years, my remaining loan balance is $750K.
Home values have dropped and my [...]

Posted October 1st, 2009 in Renting & Real Estate | 9 Comments »

Mortgage Refinancing and Fed Rate Drop?

JPA asked: The Fed is expected to drop interest rates again soon (50 basis points, maybe as much as 75 basis points). How is that likely to affect the mortgage refinance rates (would it be better to wait a few days or to refinance now)? ThanksORLANDO

Posted October 1st, 2009 in Renting & Real Estate | 6 Comments »

Why are refinanced mortgages quoted out w/ separate rates than regular mortages?

Bster13 asked: If I want to buy a house for $100k or refinance a $200k house with $100k left on the principal balance, why do the rates differ? I’d still be getting a mortgage for $100k either way, no?
***So generally refinances should get lower rates, correct?STEVE

Posted September 29th, 2009 in Renting & Real Estate | 1 Comment »

How do I get my name off of a mortgage with an ex?

gracieblu asked: I would like to know if there is any way to get my name off of a mortgage without making my ex refinance? We had an amicable split so I am not out to ruin him. We were never married so it is not a divorce thing. It is a [...]

Posted September 26th, 2009 in Renting & Real Estate | 7 Comments »

My mortgage is 7% - should I refinance?

Carl G asked: I have a 30y fixed with PMI…100% loan, at 7% fixed with Country Wide. I have been in it a year. My original Mortgage broker called me today and is going to look at my refinancing options…I got the 7% because my score was 650 and I had a Bankruptcy [...]

Posted September 22nd, 2009 in Renting & Real Estate | 4 Comments »

Has anyone refinanced their mortgage with First Guarantee Mortgage?

rdbianco4 asked: They are a mortgage broker out of New York State. Curious if anyone has worked with them and what they thought of their process.ELIJAH

Posted September 17th, 2009 in Renting & Real Estate | 3 Comments »

can I refinance current house, then buy new house?

Carrie G asked: I still owe on the mortgage for my current house and am planning to buy a new house (and try to keep my current house).
Instead of borrowing from my 401k for the down payment, my mortgage guy suggested I refinance my current house (as a primary residence to get a better rate) [...]

Posted September 16th, 2009 in Renting & Real Estate | 6 Comments »

what is a good way to generate mortgage leads?

frankcortez011 asked: what is a good, best or clever way to generate mortgage leads(refinancing or purchasing).GILBERTO

Posted September 15th, 2009 in Renting & Real Estate | 5 Comments »

what’s the current minumum fico score for doing a stated home mortgage refinance deal?

Julio A asked: i want to refinance my home,but my broker tells me that the minumum fico score is constantly changing,so,i want to exactly know what is the minumum score to do a stated refinance mortgage deal right now?refinance mortgage

Posted November 29th, 2008 in Renting & Real Estate | 3 Comments »