Published by admin on 27th July 2009
N_ J05 asked:
Will our current mortgage report as “payed-off” on my credit report, and will it cause my scores to increase. If so, how quickly? Will getting a mortgage, improve my husband’s credit scores? If so, how quickly?
Published by admin on 27th July 2009
bayleigh789 asked:
What are the benefits and drawbacks to each? We are refinancing our home.
Published by admin on 26th July 2009
Kim D asked:
As part of divorce settlement, house must be refinanced into my name only. I have already done a quit claim and deed in my name only, but i am having trouble qualifying for a refi with good rates my current rate is 5% can I take the other name off the mortgage without a refi???
I am asking because I need to declare ch 7 bankruptcy and I know that I may not be able to refi by march, I have children and don’t want to sell the house. I have all rights to the property and there will be no distribution of proceeds.
Published by admin on 26th July 2009
appenzellar asked:
They took my application/appraisal fee on my credit card and then 2 days later said they are closing up. They didn’t do the appraisal yet.
Published by admin on 25th July 2009
poecilia.r.lvr asked: Mortgage: from 7.11% fixed for 2 yrs. and just went to 8.63% adjustable this month.
My sister has a mortage for $79,000.00. and this month she will need to pay approx. 100.00/month more!. if it is a good idea to refinance, please explain what the pros and cons of refinancing are, and what she should be looking for. I believe the value of the property is supposed to be $110,000.00 now. So, the LTV=79K/110; cred score=560; income=2,700/mo (32K/yr). What would be a good deal for her? What should she look for in the professional that offers to assist her? What should she watch out for? Should she expect some sort of “hidden” fees or ” a catch”?
Thanks, in advance - She will need to make a decision within the next day or so - PLEASE HELP!!!!
Published by admin on 25th July 2009
moorew1 asked:
want to change the interest rate and combine two mortgages
Published by admin on 24th July 2009
DLM asked:
We bought our home less than a year ago and want to refinance. The bank that originally held our mortgage sold it to another bank. The bank that holds it now says they want us to pay for the title, lawyers and appraisal again. If all this was done less than a year ago why do we need to pay all these fees again?
Published by admin on 24th July 2009
bored_at_home asked: I have 2 missed payments and now I am receiving phone calls and letters from banker saying they will foreclose if not paid in full within days. I have not received a certified letter yet, so I am not in foreclosure. I started talking to a broker to refinance my mortgage. Can my current mortgage lender foreclose if I am at the early stages of a refi? So when exactly during the refinance process can my current mortgage lender no longer foreclose on me? During escrow? Once I signed the application? During underwriting?
Another question, who notifies my current lender that I am in the process of refinancing so that they dont foreclose my house? Should I called them?
Published by admin on 18th July 2009
Ms. DAY asked:
The individual & his partner that sold us the property carried the full purchase price amount (less the down payment), as a “Contract of Sale”. Over the last couple of years both parties (buyers & sellers) have been faced with some kind of financial, real estate, health &/or family “issue(s)”, one of which, is being us, the buyers. Thus causing our Mortgage payments to fall behind, drasticly. So in order to refinance, (with Benificial or another Mortgage / Lending Company), they would be paying off two individuals (the partners), not a actual “Mortgage Company”. Does this create a problem? What if the property is in foreclosure, how would that effect the odds of getting refinanced with a new Mortgage Company?
Although, there’s at least one good thing in our favior…
Currently we have approx. 55k equity in the property.
Please advise. Thank You.
Published by admin on 15th July 2009
dinofernandez66 asked:
I need to refinance my second/investment home in Milpitas California and I’m looking for a mortgage broker or a bank that offers lowest interest rate based on 700 or more fico score. Preferably a loan program with minimum monthly payment is preferred.
