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Home Refinance Book Homepage
Reliable Home Refinance information
I have a question related to home refinance.?
i just did a cash out refinance for my current home and use the money bought another house. the mortgage of the new house is as an investment property because the lender said i have to live in my current home for a year after the cash out refinance. so the new house can not be considered as my home. my questions is can i move in to my new house before i finish the one year period? also can i sell my current home and move to my new house before the one year period ends?if i didnt buy a new house, i think i can sell my current home at anytime and rent an apartment even even after i did a refinance. am i right? then why can i sell the current home and move to another house i own? it makes no sense.
How long should a home refinance take?
I have been trying to refinance my house for over 4 months. Is this a normal amount of time to wait? Seems long to me and I feel like I am getting the run around.
Will my home refinance go threw?
appling for a lone to lower my paments i have been having troubles with this new company
Can I get my home refinanced if I have low debt high income but a foreclosure -we couldn't sell previous home?
we had to move for work 3 years ago, bought a new home in the new location, kept up payments for one year on previous home as we tried and tried to sell it. Couldn't sell it so let it go back to the bank. Currently paying 6.8 % and 8 % on a first and second mortgage on current home, would like to refinance to lower rates. Will foreclosure prevent? All other credit is excellent except foreclosure. Have high income low debt. Thanks very much.
How do you know when your lender has taken advantage of you during your home refinance loan?
We closed on home refi. loan on 5 26 10 it couldn't dispurse because of the 3 day right to rescind until 6 2 10 due to the Memorial holiday...so it pushed us into June. Our lender made us pay prepaid interest for 5 26 10 5 31 10 PLUS the whole month of June 6 1 10 6 30 10. Which was a hefty $2,000. We just received a letter from our lender saying thanks for doing business but we sold your loan to xyz company on 6 8 10. Okay..I know they sell their loans. That is fine D QUESTION being...why did we have to pay our lender for the whole month of June for prepaid interest when they knew they were selling the loan and wouldn't have it long? Why do they get to have those thousand of dollars when they don't even hold the note anymore? It doesn't make sense that they can have all that money during a month when they don't even have the loan??Shouldn't we get a refund back or something? And is this right ?Thank you so much You are right...payment due Aug. 1. I do understand we have to pay prepaid interest. I just didn't understand why the lender who originated the loan was going to keep the interest for June. Now... I understand that they shift that money over to xyz lender. Thank you for clarifying D
Is it better to roll your car and credit card into a 15 year home refinance?
Here is the situation, I am refinancing my home to a 15 fixed loan at 4.125 %I have $4000.00 left on a car loan at 7.25 % . I pay $350.00 a month on itI have a credit card with a balance of $3500.00 at 10 %. I pay $300 a month on it.Would it be better to roll those into the the refinance and add the $650 a month to the home loan for the next, say 12 to 18 months or just continue to pay it off and be done with it in 12 to 18 months?
As a realtor is any way that I can make money getting a home refinance or getting my client into a home loan?
I know that I cant be a loan officer since I am a realtor but I got someone that told me to get in Primerica and I will get money out of refinancing homes and home loans. I wonder is there any other way that I can get like " middle man" referal fee or commission out of mortgages and home insurance?
For home refinance, will my property tax be increased if my property value has been increased?
My property value for property tax is about 500k and the market value is about 650k. If I do refinance now, will my property value for tax will be jumped to 650k? I am in CA. Thanks.
I have a rental home refinanced and now under watered to get a short sale in California?
I have a rental home refinanced and now under watered to get a short sale in California if a lender sends 1099 to IRS for sale's deficiency ,which means I have to pay the deficiency as a income by IRS,and if I cant pay it then IRS come after me instead of the lender
Is it worth it to get my home refinanced?
I keep getting letters in the mail offering to refinance my home. I have 6.0 % interest and have owned my home for two years. Currently, my mortgage payment FHA is $1206.87, which includes $67 per month Mortgage Insurance Premium, real estate taxes, homeowner's insurance, etc. The letters I keep getting claim that I would be able to get " as low as" 5 % interest. Assuming I could get 5 % I have excellent credit and have never been late on my mortgage , would it be worth it to refinance? Is there any way to figure out approx. how much I would be saving without digging up how much I am paying for homeowner's and real estate taxes for calculations?Btw, our mortgage is a 30 yr. fixed.I don't really know what my house has done market wise. Two years ago I bought it for $159k and it appraised at 160k. The city assessment went up the first year I bought it to $124k and stayed the same this year, so... I dunno?
How long do i need to keep old home refinance documents?
How do I apply or learn more about Obamas home refinance at lower interest?
Any help on this would be greatly appreciated. We currently have a 7.5 % interest rate and need to get it lowered. It is an FHA loan and we have been late on 3 payments in the past 12 months. Feel free to email me at grthfn41 yahoo.com
Home Refinance Question?
What is the difference between a 15 year fixed and 30 year fixed loan? I see the 15 year fixed offers better rates. Also the rates seems to be contantly going up. Anyone think they will dip at all?
Personal Home Refinance?
Last year I already refinance my home loan for 15 years with interest rate was 4 % and the Principal balance 235,000. The fee was $4437. I'm thinking refinance it again for 10 years the interest rate is around 3.375 %. the principal balance is 221,500. Is it worth to refinance with the estimate Settlement charge $2,616? Please advise, thanks.............The main reason to refinance it again is that I wanted to shorten the mortgage payment from 15 years to 10 years since I'm planning to retire within 10 years. Thanks.
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