John Sebastian asked: Many people believe that you cannot refinance a mobile home mortgage, but in reality, you can refinance a mobile home the same as you can a conventional home. Granted, it usually is easier to refinance a conventional home. But you shouldn’t let that stand in your way.A refinanced loan is simply a [...]
Louie Latour asked: Locking in your mortgage interest rate is how loan originators guarantee an interest rate. The purpose of the lock is to allow you time to close on the loan at the interest rate you agreed. If you are unable to close before the rate lock expires, the mortgage lender could charge you [...]
David Faulkner asked: Refinance is a hot topic at the moment, however few people understand exactly what it means. Many people ask me whether or not they should refinance their home, so that’s what we’re going to look at first.There are many different reasons why you would want to refinance your home:* To reduce how [...]
jules27 asked: with the fed cutting the rates so low, now would be a good time to think about refinancing right? my mortgage interest rate is currently 6.25 fixed, i think we owe about $95,000 on it. my husband and i have excellent credit, and we’ve been in our home for 5 years. would refinancing [...]
Allen Barckley asked: Is too much money being spent on your monthly mortgage payment, are you a victim of large payment of your home loan, and do you want to live an easier life? If you want to get away from paying large amounts of money on your mortgage loan, then getting a refinance mortgage [...]