How to refinance a mortgage?

How to refinance a mortgage?
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Now that the Fed has lowered interest rates another quarter point is it time to refinance our home mortgage?

Description : Now that the Fed has lowered interest rates another quarter point is it time to refinance our home mortgage?

Last Answer : It depends what rate and term you have now. Add in closing cost to what you owe and do an amoritization. Then compare it to where you are at now.

How often does a pre-approved mortgage loan not happen?

Description : How often does a pre-approved mortgage loan not happen?

Last Answer : As long as the documentation you provide matches the information you provided to obtain the pre-approval the loan should go through fairly easily. Your best bet to keep things moving and ensure a ... all of your documentation is in line, it should go right through! Good luck and congratulations!

What's involved in swiching my mortgage to a 15 year?

Description : What's involved in swiching my mortgage to a 15 year?

Last Answer : Every consider just making extra payments?

Can I refinance my mortgage with a different bank, different than the one I currently have it with?

Description : Can I refinance my mortgage with a different bank, different than the one I currently have it with?

Last Answer : Yes, you can refinance with a different bank if you meet their requirements. I’ve never heard of anyone having special stipulations saying they couldn’t do so.

How do you refinance mortgage w/ bad credit now after finances change do to lost of job 2 years ago. found knew job about 3 month after but pays less.Asked about modification w/mortgage company said they don't participate. ?

Description : How do you refinance mortgage w/ bad credit now after finances change do to lost of job 2 years ago. found knew job about 3 month after but pays less.Asked about modification w/mortgage company said they don't participate. ?

Last Answer : Just because your mortgage company say they don't refinance does not mean you should stop. Make a list of the places that do participate and apply there to see if you can get the help you need.

When does it make sense to try to refinance to get better mortgage rates?

Description : When does it make sense to try to refinance to get better mortgage rates?

Last Answer : People refinance to get a better rate. Even one percent can make the difference in thousands and thousands of dollars of interest over the life of the mortgage, depending on how much was borrowed, how much is ... the cost. It always makes sense to re-fi IF it will save money in the long run.

If I file for bankruptcy can I still refinance my mortgage?

Description : If I file for bankruptcy can I still refinance my mortgage?

Last Answer : You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.

At what point is it beneficial to refinance a home mortgage?

Description : At what point is it beneficial to refinance a home mortgage?

Last Answer : If the mortgage rates have gone down you may want to refinance your home. Also you may want to if you have 20% or more in equity or have an adjustable rate mortgage.

What should I know about bankruptcy and mortgage refinance?

Description : What should I know about bankruptcy and mortgage refinance?

Last Answer : You can refinance your mortgage, even after a bankruptcy. Refinancing can even help restore your good credit in about two years! Sit down with your lender and talk about a refinancing plan.

Are Quicken Loans mortgage refinance rates better than most current refinance rates?

Description : Are Quicken Loans mortgage refinance rates better than most current refinance rates?

Last Answer : Quicken Loans does offer competitive refinancing on mortgage rates. There may be companies with lower rates, however, so you should investigate other lenders.

Do mortgage refinance calculators take points into consideration?

Description : Do mortgage refinance calculators take points into consideration?

Last Answer : Yes they do. The good mortgage calculators take everything that may effect you mortgage into account. You have nothing to worry about.

Every person should refinance their mortgage after five years.?

Description : Every person should refinance their mortgage after five years.?

Last Answer : Every person should refinance their mortgage after five years.

What is the meaning of "refinance mortgage"?

Description : What is the meaning of "refinance mortgage"?

Last Answer : Basically, refinance mortgage is a restructure of your current mortgage. You can shorten the length of your loan, you can get a lower interest rate and lower your payments. In some cases you can cash-out the equity and actually get cash back at the closing of the refinance mortgage.

Can I refinance my mortgage if I have low equity in my house?

Description : Can I refinance my mortgage if I have low equity in my house?

Last Answer : Yes it is possible to refinance your house if you have low equity. But you must have at least 20 percent equity before your refinance will be apporoved.

How to Refinance a Mortgage?

Description : How to Refinance a Mortgage?

Last Answer : Refinancing a mortgage is an important step that requires consideration, research and patience. There are nearly as many loan modification scams as there are legitimate lenders today. Keep reading to learn ... 's information. Don't sign the loan documents until all of these steps are finished.

A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : A. Mortgage Explanation: A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.

A type of market in which there is a relatively high degree of concentration is referred as _____ A. Mortgage Refinance B. Oligopoly C. Near Money D. Open Economy

Description : A type of market in which there is a relatively high degree of concentration is referred as _____ A. Mortgage Refinance B. Oligopoly C. Near Money D. Open Economy

Last Answer : B. Oligopoly Explanation: Large number of potential buyers but only a few sellers is known as Oligopoly.

A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : B. Reverse Mortgage Explanation: A reverse mortgage or home equity conversion mortgage (HECM) is a special type of home loan for older home owners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and home owner‘s insurance.

What are the best ways to loiter in your home?

Description : What are the best ways to loiter in your home?

Last Answer : Watching Judge Judy.

What's it like to rent an apartment during covid time?

Description : What's it like to rent an apartment during covid time?

Last Answer : If you don't want to tour in person some landlords and apartment communities with FaceTime, Zoom, or Skype from the property. If you are using a realtor your realtor will do it for you. ... and require that you get renters insurance. They might ask permission to run a credit or background check.

What size is your rectangular dining room table?

Description : What size is your rectangular dining room table?

Last Answer : Your present table top is glass?

Is it easy to understand raising a house that was flooded?

Description : Is it easy to understand raising a house that was flooded?

Last Answer : If it is so easy, why .. Please show where one alternative is chosen over the other. One can't just raise the foundation, the house still needs to be fully restored which costs a lot ... location may not be suitable for restoration or for raising the foundation to be enough to avoid another flood.

Do you do your own house painting or do you get the experts to do so?

Description : Do you do your own house painting or do you get the experts to do so?

Last Answer : I always have, my skills used to be pretty good, but I still do my own because I tend to do it better than the guys one hires.

What keeps you where you live right now?

Description : What keeps you where you live right now?

Last Answer : That would be laziness and family. I would rather live in Brooklyn, NY. I have other family there. But, there is noooo way I could afford to live there.

Do you hire a housesitter when you're going on vacation?

Description : Do you hire a housesitter when you're going on vacation?

Last Answer : Well, actually it's very rare that my family all goes out for an extended period of time. There is at least one person in the house, so I'm not really worried about security unless there is some ... if that was true, what that unknown person would do when the entire house were asleep or went out..

What are your memories of your childhood home?

Description : What are your memories of your childhood home?

Last Answer : I have lovely memories of the house, I did feel safe there. And Lordy, it had so many places to hide!

Have you deliberately gone the opposite from what your GPS tells you when going home?

Description : Have you deliberately gone the opposite from what your GPS tells you when going home?

Last Answer : Absolutely. Sometimes the thing is just completely messed up, it’s impossible or illegal to go the way it wants me to. It was made to serve me not the other way around.

Is it true or not that a fishy odor in the house can mean you have an electrical problem?

Description : Is it true or not that a fishy odor in the house can mean you have an electrical problem?

Last Answer : Never heard of it. Could there be something dead in your ductwork?

Which is the area in your house where important discussions take place?

Description : Which is the area in your house where important discussions take place?

Last Answer : My Ready Room. Sometimes Ten Forward.

Do you think you could live in a nice camper or motor home full time?

Description : Do you think you could live in a nice camper or motor home full time?

Last Answer : Yes sounds like fun. You will have to get your mail rerouted. Your camper is nicer than my apartment. FEMA provides campers for disaster relief. So its possible.

Where are you located ?

Description : Where are you located ?

Last Answer : currently: MA – Boston suburb from: MA – a different Boston suburb

Is it too infrequent to request a home health aide who stops by once a week?

Description : Is it too infrequent to request a home health aide who stops by once a week?

Last Answer : No, it is not too infrequent. Many aides will have several clients. Call an agency or put out an ad and look for one you like. Good luck!

Do people act abnormally when they're alone?

Description : Do people act abnormally when they're alone?

Last Answer : Unless people would have a problem watching me sit on my ass and read a book, or veg out watching movies or surfing the Web, then break a leg. What's abnormal about being a semi lazy couch potato? I ... And I was too paranoid about what I was doing to even allow my then girlfriend to know about it.

Why do people use their garages as living rooms?

Description : Why do people use their garages as living rooms?

Last Answer : It is much like porch gatherings. Mostly the southeast is the porch party people. Having the gathering outdoors is common. It makes it easy for friends to come and go, because it is informal. Yes, these gatherings can get boisterous.

What's your ideal house?

Description : What's your ideal house?

Last Answer : One that I built or remodeled with my own hands. About 2500 sq ft, walkout basement, brick, about a half acre of “yard” and surrounded by at least 10 acres of wooded land. A large detached workshop also. Nearby lake or stream, good view of the mountains. Small pool would be nice.

You are going to lose your home, which would be more devastating, to lose it by fire, flood, avalanche, or mudslide?

Description : You are going to lose your home, which would be more devastating, to lose it by fire, flood, avalanche, or mudslide?

Last Answer : If I were still inside, that would be the worst.

Should I go with my bank or a broker for a home loan?

Description : Should I go with my bank or a broker for a home loan?

Last Answer : Careful with FHA, you'll pay mortgage insurance over the life of the loan so it's not usually the best deal. 4.12% is not the best interest rate. Lender paid PMI is a gimmick to get you to pay a ... PMI removed. Those numbers sound like a 30 year loan. If you can afford a 15 it's a better deal.

If the part of the lock that goes into the frame isn't visible when locked, what does it mean?

Description : If the part of the lock that goes into the frame isn't visible when locked, what does it mean?

Last Answer : Sounds like the lock is broken.

Do people sit at the island in your kitchen?

Description : Do people sit at the island in your kitchen?

Last Answer : answer:I have a very small kitchen with a sort of attached island (peninsula?) jutting from a wall. Because I have no interest in people sitting there, I put short bookcases (but I guess any shelving that ... ) for visible storage. ETA I prefer to have the counter space, so I wouldn't want it gone.

Invasion of privacy. How should I deal with this situation?

Description : Invasion of privacy. How should I deal with this situation?

Last Answer : I think I would just let it go, but never let him take care of your aquariums again. Does he have a spare key? If he has one or has ever had one, I would change the locks.

Any opinions on ventless fireplaces?

Description : Any opinions on ventless fireplaces?

Last Answer : answer:You are correct. It uses the same gas as your gas range. It is a pretty way to add heat into a room. I go for the functionality of a wood burning insert but that is not for everyone. Some people don’t want a pile of wood in their house.

Do the materials used in building a house have any effect on the price of the house?

Description : Do the materials used in building a house have any effect on the price of the house?

Last Answer : answer:Actually, I have a cousin who owns a company which does rehabs. They do have a cabinet maker. They do use real tile (that they cut on-site to exact dimensions). They do use solid wood baseboard ... vs. carpet or wood floor vs. carpet but I labor and materials is only a piece of the equation.

Refi advice?

Description : Refi advice?

Last Answer : Yes. Watch out for ballooning charges if you miss a payment. Plan in case you are incapacitated or unable to work.

Fluff time, what are the five top reasons a man does not want to go home after a long day, survey says?

Description : Fluff time, what are the five top reasons a man does not want to go home after a long day, survey says?

Last Answer : To avoid the 2.5 hour commute each way.

For those of you with a crawlspace, do you have insulation in your floor joists?

Description : For those of you with a crawlspace, do you have insulation in your floor joists?

Last Answer : Insulation under the house, crawl ground/dirt has a plastic cloth to lower the amount of moisture in crawlspace. I open the vents when the night time temperature are above 50* F and close them when the night time temperature drops below 40* F.

What are Civic Duties?

Description : What are Civic Duties?

Last Answer : No they are the same for everyone, pay your taxes on time, obey the law, do jury duty if called upon,and if needed fight for your country.

When you're pissed off/upset/disgusted with your homelife, what do you do to avoid going home?

Description : When you're pissed off/upset/disgusted with your homelife, what do you do to avoid going home?

Last Answer : I punched a brick wall, and broke my wrist. I got a five month stay in a mental hospital.

Front entrance alert: Would we ring your bell end or bang on your knockers?

Description : Front entrance alert: Would we ring your bell end or bang on your knockers?

Last Answer : Door bells

Did Hitler keep a diary?

Description : Did Hitler keep a diary?

Last Answer : There are rummers about it, but as far as I know it has never been found, could you imagine the dollar value on it ,if it was found?

What superstitions have you heard about house location and layout?

Description : What superstitions have you heard about house location and layout?

Last Answer : I was always told that any elephant pictures or statues/ornaments should always face the door otherwise they will bring bad luck.