Chatterbox asked:


I have great credit and want to refinance again. I'm the perfect customer for any loan. So why do I have to do all the leg-work to find the best rate? Anywhere where there are lenders & rates of supply; ¿points face to face in an effort to get my business? (Spam disclose - so don 't of discomfort with that!) I 'm making a lot of research but I' m afraid missing out on sharing the best because I just can 't look for, everywhere! "!

Angela

Heather A asked:


I have not yet bought a home but I am curious what effects refinancing. Is it based on how much equity you have built?

Glenn

starwarzed asked:


When you refinance your home with another mortgage company then the one you have know, who lets them know you’ve gone with another mortgage company? Are there penelties? We are in a sliding rate and are trying to get into a fixed rate. thanks!

Vera

CarolNV asked:


Refinancing mortgage is not an easy decision, when is the best time to refinance ?

Christian

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) then apply for the mortgage for my new house.
I told someone about this and they said doing that would be fraud because I’m refinancing my current house as a primary residence and I need to live here for a year.
Is this true? How much trouble could I get in?
Thanks.
I’m trying to rent my current house through a realtor - so there is an MLS for it (don’t know if that makes a difference)

Troy

Jenga! asked:


In May of 2003, my husband and I bought a house. We got an 80/20 loan to cover the cost. 80% of the loan is a fixed 5.25% rate. 20% of the loan started at 6.25% and currently sits at 9.25&. The loan is going to readjust next May. Is the 20% loan considered a second mortgage? How can I refinance it now and get a reasonable rate? My husband and I have near-excellent credit.
P.S. as a side note, the house we have the mortgage on is currently worth roughly $20,000 less than we paid for it, so rolling the loans together is out of the question.

Gladys

deedee asked:


Current rate of ARM interest is 5.125%. Would it better to go for 6.75% mortgage refinance at no closing costs, if I am planning to live in the same house for next 7 to 10 years?

Caffeinated Content for WordPress

clf224 asked:


What are the pros and cons of refinancing? I recently inherited a house and am almost done paying the mortgage. Should I refinance (and if so, do what with the money?) or just pay the house off? Please advise.

Caffeinated Content

kimmee812 asked:


I am so struggling with my mortgage payments Does anyone know of a good refinance company ?, and could they recommend anyone?

Caffeinated Content

mochachreme asked:


I’ve got a mortgage that is in a repayment status under a forebearance plan, but they want to modify the loan and put what I currently owe on the back of the loan. I want to know if another mortgage company will refinance me with the loan currently being behind (although payments have been made as agreed through the plan).

Thanks for your help!!!

Stressed in GA…

Caffeinated Content