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Home Refinance Book Homepage
Reliable Home Refinance information
I just did a short sale on my property. I had to refinance due to a divorce. What will I owe?
I had to refinance to buy my primary residence out of a divorce. I owned the property for over 10 years. The property cost $450,000 to build originally and I made improvements of $50,000. It sold for 370,000 with a mortgage of $860,000. $510,000 was forgiven by the bank. Will I have a capital gain? What amount can I exempt?
You bail out banks. Why can't you force banks to refinance those who are underwater in their loans?
Should I refinance my mortgage?
I have 77 payments left on a 15 year conventional mortgage with a fixed rate of 5.375 %. Is it possible to refinance to a lower rate without extending the length of the loan and would it be cost effective?
How to refinance mortgage?
What is the difference between applying for a new mortgage and refinancing a mortgage? Will it replace the old one?
Is there going to be a program to refinance underwater homes that are not fannie Mai?
I put down 20 % down deposit at the time of purchase. I have excellent credit. I have never missed a payment. My interest rate is pretty high. I have tried to refinance with the bank to take advantage of the low rates. The bank flatly refuses to do so because it is underwater. If there was a program for the Fannie Mai, why has there been not a program for conventional loans that are not under this criteria.It feels like we are being penalised.
Should i refinance mortgage of home equity loan first?
i need to move out of state and buy a home i will have to get a home equity loan for the down payment. i am having trouble selling my present home so i need to rent it out. but i want to refinace for a lower interset rate
Why did my parents need my signature to refinance? ?
My mother was diagnosed with brain cancer when I was 3. She lived in a nursing home for 18 years after that and my father divorced her when I was four. I am 22 now but i signed the.document 2 years ago and my father and step mother sais they needed it to refinance? Should I be getting something out.of this? What did I sign? And what about life insurance after she died? Somethings being hidden from me and want to know what.
Would this home loan be a purchase or refinance? How would the down payment work?
I believe I'm over thinking this and hope someone can help me out. Last year my parents purchased a house for me while I was still in school. The title is in both mine and their names. I still live in this house and now that I'm out of school I want to get a mortgage in my name and pay them back the purchase price of the house. Would that be a refinance loan or a purchase loan? Also, I've saved up a down payment of 20 % of the original purchase price. How would the down payment work in this situation? If I pay my down payment to the bank, will my loan amount be the full purchase price or the purchase price net of the down payment?Edit There is no current mortgage, my parents paid cash.
Buy rental property in cash and refinance or put 20% down payment and collect rent?
Right now I have 20 % down to put on a rental property for a $50,000 home. Should I just save and buy the home in 100 % cash by the end of 2012 and refinance to buy a 2nd? Or should I buy now with 20 % down and have a mortgage with no discount?
Mortgage refinance worth the effort?
My current Mortgage rate is 5.025 % and current rates are as low as 3.875 % looks tempting but I'm concerned that points and closing fees will make the refinancing about as expensive if not more so than leaving the loan as is. My question is how high are these fees typically and at what point will it save me $ to refinance?
Can I put my house up for sale if I am under the 1 year occupancy clause of a refinance?
I refinanced my house 9 months ago. I may need to move before my 1 year occupancy restriction expires. Can I sell this first house prior to finishing the 1 year of occupancy? Can I put the house on the market and just not actually 'close' on the house till the 1 year expires?This is a refinance and not a 'modification'. I got better terms with a shorter period 30 down to 20 years . Which is why I did the refinance at that time. Now work may force me to move prior to the mentioned 1 year of owner occupancy clause. With the answers provided so far and my own continuing research, I think I can start the process of selling the house in another 2 months. I just can't actually 'close' on a deal prior to the end date. I will ask a realtor as well, as I would think they have run into this situation before. Anyone have other suggestions?
NO closing cost refinance?
Where can I find a loan with no closing costs? I have good credit, but I do not have $2000 to afford to refinance. This will result in a higher interest rate, but it still should be lower than what I am currently paying.
What Banks are actually Lending for Refinance?
Right now rates are at an all time low, however it appears Banks say they will refinance but are actually only taking money from people for Appraisals and applicaitons fees $500 $1,000 and then declining to rewrite any mortgages.Has anyone had any success actually getting their bank to lower their rates? I am stuck with 24 years left on 30 year mortgage at 6.25 % and rates should be under 4 %. even close to 3 % for the 15 year refinance mortgage I want.
I would like some information on refinancing?
I want to refinance my home but am currently on unemployment compensation. My credit and payment history are great. Any suggestions are appreciated. Thanks
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