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Home Refinance Book Homepage
Reliable Home Refinance information
Do you get your current escrow money back on your current loan when doing the streamline refinance loan?
How to mortgage refinance loan?
Is a cash out refinance loan recourse in California?
Can all refinance fees be paid aside from refinance loan amount instead of adding them to new loan time frame?
Are there any disadvantages of the relief refinance loan through Freddie Mac?
It seems too good to be true. Friends of mine want to do this. Their rate is 6.5 %, they put nothing down and the house has lost significant value. The bank said it should be no problem because it just needs to be worth 75 % of what they bought it for. There are no disadvantages to this program? Seems fishy to me...
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
How do you process a FHA refinance loan?
I'm a mortgage processor, but I've been processing Reverse Mortgages for quite sometime and have forgotten the process regarding regular FHA refinance loans? Any help is greatly appreciated.
If I am approved for a refinance loan am I locked into the rate on the Good Faith Estimate?
I got approved after credit check, etc for a refinance rate of 4.375 %, I did my appraisal, now my potential lender is saying that the rate is not available and we should wait for the rate to go down.Is this correct? or did my broker fail to do their job?
How to get a copy of a (Fraud?) signature on an auto refinance loan?
My brother cosigned on a car for me and a year later I refinanced on my own without my brother. At least this is our recollection...we seriously do not remember him signing on the refinance...but his name shows up on the new loan. The company says they have his signature and said they would mail the doc's out but neither of us have ever received anything. They keep beating around the bush but wont supply us with a copy of the loan. I am 95 % sure he didnt sign a thing on the refinance and my brother says he didnt either. How do I go about getting these doc's since they have had ample opportunity. Any advice on how to go about this?
Is a 1% origination fee tax deductible (with a refinance loan at 4.375% for 30 years)?
My credit union has a 4.375 % 30 year loan with a 1 % origination fee. Is the origination fee tax deductible? How does the rate sound compared to what a mortgage broker might be able to offer?Thanks.Thanks for the answers. I just got a rate of 4.50 % with no points.
Current refinance loan rates for rental condominiums in NC?
I've converted a second home a condominium in a two unit association, yes just two to a rental. If I can get a good rate, I'd like to refinance. What rates are available for 75 80 % loan to value? 15 yr amortization might be OK. My credit is excellent. On line has loads of info on owner occupied rates, but little on rentals.
Who has the best refinance loans?
consolidation or mortgage refinance loans
Is it common for lends to ask for you to live in the house for a year in order to qualify for a refinance loan?
the lender says that if we do not live in the house that we have lived in for 5 yearsand are refinancing for a 1 year the loan will come do on demand.
Do I have to pay a PMI, MIP funding fee for a refinance loan?
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