Ivan Cuxeva asked: Do you like your current lender but you don’t like the loan that you have? Would you like to try to get a better interest rate or simply change the type of loan that you have? If so, you may find that your current lender has many loan programs that would work [...]
C.L. Haehl asked: You initially chose an 80/20 or 70/30 loan for one of two reasons: you don’t have funds available for a down payment or you want to avoid having to pay private mortgage insurance (PMI). You have two loans: one for the majority percentage of the mortgage; the other for a minority percentage [...]
Jill P asked: My mortgage payment is due the first of each month (today) but I have a grace period until 6/15/09 where I do not get charged a late fee. My refinance (with a different bank) is scheduled to close before the end of next week. I feel like I might save money if [...]
Sherwin T asked: I bought my house a year ago at a very high interest rate. and I have made all my payments on time every month. But now I am in the process of refinancing my mortgage with my current lender to a lower interest rate. And they said I should close by the [...]
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 [...]