Question by marilyn m: what do you think of refinancing your mortgage to get equity and put that equity in a life insurance policy?
Best answer:
Answer by Mrsdonmar
I would put the money in annuity. You can earn interest alot faster and it still be like an insurance. Good Luck
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Question by taboobiker73: Need name of decent mortgage company for refinancing. Credit not perfect.?
We will need to refinance our mortgage loan in less than a year. Our credit rating is lower right now due to medical bills which we are in the process of trying to pay off. It seems that a lot of these companies are just out to make as much money as possible off of you using your credit rating as an excuse. We were rushed through buying our house by the owner and we are not to happy with the terms of our mortgage at the end of the second year.
Best answer:
Answer by ewong0824
have you try full spectrum or countrywide?
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Question by : Can a person on the title but not the mortgage stop me from refinancing?
I have a loan contract with a person on the title (individual property grant deed) in which the contract for the loan “shall continue until the property is sold”. Even though I am not selling the property, I have offered a buyout amount for his 10% share and he is threatening to block any refinancing unless I meet his demand for a buyout amount. We differ on the appraisal amount of the property. My appraiser was approved by my lender and is a Certified Residential Real Estate Appraiser in California and I have no idea if or what type of appraiser he used. Can he do this even if he is not and will not be on the original mortgage or the refinanced mortgage? Would it be better to rescind the offer and just wait to pay him when I sell at a later date? Please let me know if you have any ideas on how to handle this situation.
Best answer:
Answer by Tony
i would post this question in Business & Finance >you may get better answers
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Question by Gabrielle’s Mommy: What does refinance a mortgage mean?
I want to know what these terms mean because we are about to get a house and i keep seeing things about refinancing a mortgage. Also, whats home equity?
Best answer:
Answer by Ray Uan A
it means to refinance a mortgage
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Question by luvchimes_90: Refinancing Mortgage?
I want to refinance my mortgage but I live on Highway commercial property and I run a business out of my home. I can not find any one who will refinance me because of the business. I live in PA does any one know a company who can. Please Help!
Best answer:
Answer by Carolinahomerates.com
you need a lender that does mixed-used properties
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Question by PR-mom: Refinancing for debt consolidation — second mortgage benefits?
I’m looking to refinance for debt consolidation. Is it better to refi my first mortgage which is at 5.625% or obtain a second mortgage?
Best answer:
Answer by theshadow01
Depends on how many years you have left on your mortgage.
You have a good rate. Second mortgages usually have very high rates. Have you considered an equity line?
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Question by honeybaby729: refinance mortgage offers, “no costs to you” are these legit?
I need to refinance my mortgage very soon. For the past 6 or so plus months my mail has been flooded daily with offers from various mortgage brokers or lenders offering me a deal of a lifetime. Many say they are offering me refinancing at no cost to me. This sounds a bit fishy, I doubt anyone is willing to help me at no costs. Is there any truths to these offers? I don’t want to waste time contacting these companies and filling out applications if they are not true. Any thoughts? Thanks !
Best answer:
Answer by shamieya
It is legit, there may be no out of pocket costs to you if your broker will be making a nice profit off of your refinance- they will pay for stuff themselves. there will always be fees though.
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Question by J B: Refinancing Mortgage, length?
I am 10 years into a 30 year mortgage, ie, I have 20 years to go to have it paid off.
If i refinance, does the new load i get have to be either 30 years, or 15 years???? Can i have it set up so that i still finish paying off my house 20 years from now?
Best answer:
Answer by bud68
If you refi, your term starts anew – it can be 15 year, 20 year, whatever the lender offers. The old loan term has nothing to do with it.
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Question by elishayden: How can I find out when mortgage rates are at a level that would make refinancing my condo more affordable?
Best answer:
Answer by chatsplas
There are many online calculators to figure this out
Rule of Thumb is that there needs to be 2 points difference in rate and you must keep home 5-10 years AFTER refinancing for this to make sense
There are COSTS to refi, and it takes time to recoup the costs, BEFORE you start seeing any savings or benefits
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Question by Fran H: Where is the best place to go for mortgage guidance and info?
I just want to find out basic info about getting a mortgage, refinancing, home loans, fannie Mae, etc? Is there a place like a mortgageguidance.info ? website or something? FHA? South Bay?
Best answer:
Answer by kemperk
call 3 local mortgage brokers and visit 1 of them
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