Sara Sentor asked: Refinancing your current mortgage is advisable if you have an adjustable-rate mortgage at present. This is because of the simple reason that interest rates are quite low in fixed rate mortgage at the Florida market. In addition, repayment schedule is quite flexible in fixed rate mortgage as compared to adjustable-rate mortgage. Refinancing [...]
Glenn Lamb asked: There are three main reasons that consumers consider a Houston refinance mortgage. They are lower rate, cash out (or debt consolidation), and converting from adjustable to a fixed rate.For a rate refinance an important consideration is the closing costs to be paid. If there are typical closing costs it is usually advisable [...]
Louie Latour asked: If you are refinancing your mortgage there are a number of fees and penalties you want to avoid paying. Many homeowners focus only on finding the best interest rate when refinancing their mortgage loans. These homeowners often overpay for everything else on their loans and take out mortgages with prepayment penalties. Here [...]
Samantha Taylor asked: Scenario:I’m looking to refinance from 8.5% 30 year fixed rate mortgage to lower 30 year fixed loan. I owe $70,000 on $150,000. My credit scores are 725, 680, and 695. I’m also looking for additional cash of around $5000 to pay off the balance of $3000 on a second mortgage. I don’t [...]
alec b asked: …even if the original loan had no prepayment penalty? Please refer to the following form. Is it even legal in CA? In the event I / we refinance the loan through anyone, other than “XXX Lender”, within twelve (12) months of the funding date, I / we agree to reimburse “XXX lender” [...]