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Home Refinance Book Homepage
Reliable Home Refinance information
Are you qualified to use the 6500 tax credit if you refinanced last year?
Does this VA streamline refinance offer make sense or seem right?
I currently have a 30 yr. fixed rate at 6 %. Total loan amount $212,100.00. Monthly payment of $1,271.I have an offer to refinance va streamline at 5.25 %. Total loan amount $200,996.00. Monthly payment of $1,109.00Savings $162.00 a monthI plan on paying all closing costs to keep my payment low and possibly make this place a rental.Fees include Your adjusted Origination Charges $2,726 interest rate charge Your Charges for all other settlement services $3,831 va funding fee, title services insurance, tax deposit, daily interest charges Total $6,557.00This seems a bit high to reduce my rate by .75 %, I know as a guide you should always refinance at with 1 % or lower. The broker told me that this is impossible as they would actually loose money because VA mandates that they pay many costs. I really am not sure if this is a good offer as it seems I should be able to get a lower rate at a lower cost. All inputs are greatly appreciated. Thanks.
Can I refinance a home that has an upside down mortgage?
I have a 30 year fixed mortgage FHA. Can I refinance this for a lower intrest rate without having to bring what I am upside down on the mortgag? Any ideas
What does it mean to refinance your vehicle?
My friend made a comment that she was going to refinance her vehicle and well i dont know what it means to do that and in what way does it help. Can anyone educate me on that?
What is the best financial institute to refinance your house with?
Is First Ohio Banc and Lending Inc a good company to use get my mortgage refinanced?
I am trying to get my mortgage refinanced. Right now I am going with Wells Fargo since they are my current mortgage company. However, my new monthly payment will still be relatively high, but lower than my next payment after my loan resets. I have received countless of letters from other lenders about lowering my payment, but I have been leery because of the horror stories that I have heard. I am really curious if I can trust this company. Their payment would be $500 lower than Wells Fargo payment.
Should I refinance or pay towards the principal?
I bought a truck before my income tax came in. Whenever it comes in I'm thinking about refinancing. Is it better to shop around and find a better rate if possible or to just pay the money toward the principal in one lump sum? wg0z Well thats the problem is I can't really afford the current note. I need to lower it some how. I owe $22,000 and I'll be able to put down around $8,000. I was conned of course by the salesman to go ahead and get it and they would give me 90 days before my first payment to get time to refinance. Now it's time to make that first payment and my income tax more than likely will not be in. I claimed the first time home buyers and its taking longer than expected... Dazy Do you have an example of what kind of difference it would make? I financed for 60 mo $473. Interest rate was 7.5ish. lol. I'm financing a little over $22,000. I just would like to know what kind of difference it would make. If hardly any then I could do something else with the money. But I NEED lower payments. Thanks.
If you refinance a credit card into a personal loan does that mean you need to cancel it ?
Obviously cards not in collection or anything and payments always made on time ect.
Should we refinance our home under these conditions?
We have a home worth in the current market about $187,000. We have a first and 2nd mortgage. We are considering refinancing the first mortgage because we are told that is our only option. The first is at 6.62 interest rate and my current monthly payment on a balance of $149,000 is $1314. This payment includes taxes and insuracne for escrow. We have been offered under the Refi Plus program to refinance at 5.52 high rate because of amount of debt with 5.8 APR and with 1 point and $750 application and few other minimal fees that would be rolled into the new loan. This will only save us about $125 a month and we hope to sell within 5 years to downsize. Does it make sense financially for us to refinance under these conditions?
We are going to refinance house for 50 thousand dollars at 7.24 percent, what would payments be.?
Should I refinance my current mortgage from a 30yr 5.87 to a 15yr 4.45 or should i just pay extra to my curren?
my current mortgage is 187,000 and I was thinking about putting 37,000 to the principal to make the loan only 150,000 and then refi it to a 15 year loan at a rate of 4.45 percent. my current montly payments and new monthly payments would be about the same, but I would finish my loan in 15 years rather than the 26 years I have left. I am trying to finish the loan asap
How long does it take to refinance an auto loan?
Divorce, refinancing house, possible tax credit?
Recently got a divorce, going to try and refinance my home myself. Not sure if I would be able to take advantage of any of the tax credits out there. This is my first house, and not sure if this would qualify as a second since it is the same house.
Refinance a Home Equity(2nd Mortgage) only?
My single Home loan is split into 2 parts 1st Mortgage 5.5 % Fixed i.e 300k and 2nd Mortgage 30k 6.65 % variable .On my 2nd Mortgage , I will be paying interest only for first 10 yr and then my principal will be deducted.Can I just refinance my 2nd Mortgage only.I want to keep the first mortgage as it is.My home loan Bank of America now.I ma not planning to sell my house in near future.Thanks
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