Refinancing Master

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

Husband applied for one but was denied for a reason of a ‘high debt ratio’. Well, that is true cuz we just bought a house!! He doesn’t have a lot of credit card debt(about1k) and has good credit score(720). Debts has gotten high ONLY because of our new mortgage loan. Is now NOT a good time to refinance your car?

I just bought my first home about a year ago with no money down and want to refinance to a lower interest rate. I can save about 2% if I’m able.

However, I’m noticing most banks won’t refinance but a certain percentage of the home’s value…ranging in the ball park from 80 to 95%.

Since my home is only a year old, it’s only increased in value a couple thousand dollars at most.

Is there any way around this?

against me 2 years ago for an old credit card bill for $2,500.00. Will I still be able to refinance?, or do I have to pay it off or will the refi pay it off?

My husband and I refinanced our home and our credit was pretty bad so countrywide said they would refinance us if we would have everything on our credit report payed off. well that was all well and good and we thought we were getting more cash out to pay other things. We thought our payment was going to be smaller thats what they lead us to believe so when everything was said and done our payments went up $400.00 and now we are trying to figure out how we are going to pay it. And pay our every day bills, food,gas,clothes for 3 children and all three of there b-days are coming up.
WHAT SHOULD WE DO TO GET OUT OF THIS MESS?

BcMessersmith-Burlington,WA

Wondering if i am elgible for that rate or if its too late if paperwork is done ? thanks

i just refinanced my home the original value was 45k and i had it paid down to 35k. when i refinanced it brought the value i need to pay back up to 51k. i have a adjustable rate now that will kick in may of 09 my percent is 12.750 i think. i pay 500 a month now for the mortgage and 720 total with all the taxes and stuff. i dont have a penalty for paying the loan of early so i want to pay it off in the next five years but with the arm my percent can go as high as 18.750. i dont want the bank to take my house from me because of the mistake i made by refinancing in the first place. so is it possible to refinance into a fixed rate and still keep the loan at 50k and still pay it of early with out any penalty. this is my first post so plz any and all help is great

We are looking to purchase our first home in the Denver area in about a year. We both have bad/old credit(both of our credit scores are below 600) Our income will be around 75k(I am finshing up nursing shool)

We are trying to see if this is even possible or if we should just be content renting for several more years.

We are expecting a higher interset rate. I have heard of “B loans” & “sub prime lenders” and have been trying to look into them.

We are trying to decide if we should just file bankruptcy now and see if our credit gets better or if it is possible to get a loan?

Will we need 20% down with this bad of credit, or can filing bankruptcy help that?

have spent 3-4 week trying to refinance my mortgage loan & each time the loan officer I’m working with promises me that he is the person that can get my loan done…but it really comes down to the underwriter decision. Why can I just work with an underwriter instead of a loan officer? It will say sooo much time!

from my bank. I have good credit. I good the car from the dealer at 12.1%. I am not very sure of what the bank can offer me since monday is a holiday. I also feel the dealer does not want to give me my lender’s proper information at this time. What can be your advice on refinancing this car and who has to do the negotiation if I get approved by my bank for a lowwer % rate. Thanks

I just refinanced my home last month and got a much lower rate and payment. Of course, this means my mortgage was paid off and a new loan was initiated. Does this affect my credit in a way that would hamper me being approved for a mortgage on a new investment property?

if so how and when can we refinance using this gov. bill

We made some bad decisions and need to pay of some debt, a home equity loan would help and lower the combined payments, but we are also looking to refi in another 3-6 months, but there is no way we can pay of the largest chunk of our debt before then.

Our APR is 6.75%. I keep getting letters in the mail every day about refinancing our house at no cost to us (no closing costs, etc.), and I am wondering if it would be worth it try.

A 1% decrease on $199K would be significant.