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8

Refinance

H.M. asks from Phoenix

I'm looking into refinancing my home loan but not too sure which bank should I go with. It seems like most bank are offering about the same interest rate, the differ...

5

Financial Experts Weigh-In Please!

S.S. asks from Los Angeles

I have 2 private student loans at the following variable interest rates: 1) Prime + .5% 2) LIBOR + 4.5% Given the current interest rates, this is GREAT and I'...

11

Refinancing - Do I Have Any Options?

M.R. asks from San Francisco

We are upside down on our mortgage. Both or first and second are with large, well known banks. I have tried calling the holder of the first, and I get the run around ...

8

Seeking Advice on Bush's Bail Out Plan for Mortgages

E.R. asks from Minneapolis

Hi I have a really dumb question for all of you. We currently have 2 mortgages 1st and 2nd the 1st on is adjustable rate mortages. The one loan already adjusted and...

5

Refinancing Home

N.S. asks from Detroit

Any tips for refinancing? We're working with our morgage broker who holds our loan. One thing I don't understand is our payoff amount seems $2k-3k more then it shou...

22

Could We Get a Mortgage with These Problems

J.G. asks from Dallas

We are looking into buying a house now that we have the income to do so but my husband had a little problem with his student loan. When he first graduated from law sc...

16

Did You Get an Appraisal to Refinance and Then End up Not Being Able To

B.R. asks from Madison

With the low rates we want to refinance, we have only been in our home for 1.5 years but I fear that just maybe our house would be worth less then 1.5 years ago. it c...

12

Home Loans

S.S. asks from Lawrence

We were thinking about refinancing our home to take advantage of the low interest rates. However after speaking with a few lenders came to the realization that our h...

4

Info Requested on Home Equity Loans

L.S. asks from Dallas

Has anyone had experience with home equity loans? I would like to get some information about how much the fees are to do a home equity loan. I was thinking about ta...

8

Mortgage Question

G.S. asks from Boston

Hello, Awhile back, to get into my house, I took out an interest only loan - I know - should have stuck with the fixed 30 year and tightened my expense belt at that ...

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Answer Highlights

  • original loan amount in 2 answers "Our principal is still more than 1/2 of the original loan amount....& that is standard ..."
  • fannie or freddie in 2 answers "Also if you are with Fannie or Freddie, they have different programs for situations ..."
  • your current lender in 2 answers "In addition I would ask your current lender if they will have to reset up your escrow ..."
  • your credit score in 2 answers "The only way to know is find out your credit score."
  • current interest rate in 2 answers "... it cost to refinance when only getting 1% less than our current interest rate."