Current APR 6.375 Would like to refinance around 5% APR With lates and a few charge offs from 5 years ago, would a mortgage company do a refi for one of it’s existing mortgage loan customers that has a weak credit score? Not likely. You would think it makes sense because you are more likely [...]

With the interest rates dropping I think I could really save some money every month on my mortgage if I refinance, but are banks hesitant to lend right now with the financial crisis? What are your thoughts? Thank you! If you have very good credit and a lot of equity in your house, you can [...]

What are the Cons with this program, I know the Pros. I have been struggling since my husband was laid off and I am looking for ways to reduce my mortgage and save money. Please help me figure this out! I have, my daughter’s in the process of buying a house with their help. There [...]

I am financing a pool and was told by the lender that a refinance and a second mortgage are the same thing. Is that correct? No. A refinance gives you a new mortgage with a lower interest rate. A second mortgage is a mortgage taken out on property that already has one mortgage, with priority [...]

i want to refinance my home,but my broker tells me that the minumum fico score is constantly changing,so,i want to exactly know what is the minumum score to do a stated refinance mortgage deal right now? at my brokerage we can currently do 70% LTV with a minimum of a 680 score. i don’t know [...]

The same week my husband looked into a balance transfer credit card I started an application for a mortgage refinance to get rid of some credit card debt. My husband was turned down for the credit card now he is worried about the mortgage finance. We have had our mortgage with the same bank for [...]

Hello all, i ‘d like to know how to best use mortgage refinance, and usually for what reasons people refinance. Also does refinance ultimately cost more? I don’t need to lower my monthly payment, so I don’t have any clear purpose in mind. It is just that I have heard a lot of different views [...]

Where can I find the lowest interest rate for a mortgage refinance in Arizona? I would like to be able to look for it online. Hi There, Try typing in ‘home loan interest rates’ or ‘arizona mortgage’ in your Google search engine and see which mortgage companies come up in the search. Then see what [...]

Yesterday our mortgage lender called to give us details on a possible refinance opportunity. We aren’t sure if we want to do this or not. Would you look at the facts and figures and give us your opinion? Right now we have a 5.875% 30 year fixed rate loan with a balance of $134,700. Our [...]