Refinancing Master

how many morgage lenders should i talk to for refinancing my home? I never know who to trust and would like some advice on how to deal with banks, morgage lenders etc.

Is there anyway I can get my name out of my home loan without refinancing? My husband and I are on the loan and I just want his name on it. Is that possible?

I’ve been adviced to refinance my home but somebody also told me it’s a lot faster to get a home equity… although I’m pretty familiar with refi I’m not so sure how does the home equity line works.. do they order appraisal on the property? or just simply look at the value…? Is is better to go to like, Bank of America or Countrywide? or any other suggestions to get home equity line?

What should I be looking for when refinancing my home and what should I watch out for?

My house has appreciated considerably, and I am looking to pay off my current mortgage rates and adjustable loan to get with a fixed interest rate at a lower rate, as well as extra money to fix it and pay off my car loan and other accounts . Also do not belong to property taxes and insurance, or I will have to pay out of pocket? I just want to know before the base to the bank so I do not feel confused or overwhelmed. Thank you!

Does loan modification cost me more than loan refinancing. Is the loan provider interested in doing loan modification.

My friend has a home loan of $80,000 at 6.5% interest.
I believe the current loan rate is about 5.75%.
Should she be thinking about refinancing the 80k.
She doesn’t want an adjustable rate mortgage.
Thanks for your response.

Even if I refinance with them,I still have to pay the penalty. I dont wantto pay that. Any way I can get out of this quagmire ? I want to refinance because I am at 8 % adjustable and my Priniple and interest payment is 1156.00

Thanks

Is there a home refinancing program for countrywide home loans underwritten by fanny mae or freddie mac?

I am trying to refinance during this volatile time in the mortgage industry. Would it be prudent to have a lawyer involved even if my only intent would be to roll over into a new mortgage?

My house value is far below than the price I paid 3yrs back.After 2 yrs of the purchase it has now adjustable interest rate and mortgage payments increase every 6 months. Lenders decline to refi due to below market value of my house.Advise what can I do in this case? What are best ways to refinance my home even though the current market value of my house is far below purchase?

Does loan modification cost me more than loan refinancing. Is the loan provider interested in doing loan modification. Difference between affordable home loan modification and refinancing?

I just refinanced my home in May 07 to a 6.62 rate should I refinance again considering the rates are so low?

The interest rate and the length of the repayment period are two of the most important aspects of home mortgage refinancing. The overall cost of the loan you acquire is driven by these two factors.

Rates and terms of the loan are the most critical point when you look at the home mortgage refinancing. The term is the length of time before the loan is paid off, while the rate is the amount of interest that you will be applied to the unpaid principal during each loan payment period. These two factors affect the total cost of your loan, so it is important to understand how this various combinations work. You got to have total understanding not only about the cost of the entire loan over the course of the loan, but also about the monthly payment that will be your obligation.

Definitions

Associated to obtaining home refinancing, there are some common buzz words around. The loan broker or the lender defines them so it is importan that you understand the meaning of the terms. You may find yourself with some very wrong assumptions about the mortgage documents that you signed, because there are non standard definition usage as you understand the term. For instance, at minimum point you have to be able to understand about negative amortization, mortgage term, Option ARM, and adjustable rate mortgage. The length and cost of the mortgage loan can be longer if u have misjudged the words and clauses on the documents, so be aware about the use of alternative terms on the documents.

(more…)

We have very poor credit and we are looking for someplace that deals with bad credit loans so that we can do some very desparate repirs to our house. Our roof leaks and the floors are falling in.Any ideas of who will give out loand to people with not so good credit that is NOT a scam? We a place but we are afraid it is a scam. They want 2000 dollars up front for their insurance before they will grant us the loan. We don’t have 2grand. Any help out there?