Refinancing Home Mortgage
In: Mortgage Rate
27 Apr 2010So what are my options at refinancing, given that most lenders, including my current have added stringent measures? Also I dont want to pay a huge closing cost.
My husband and I bought a home from my husband’s former employer for $160,000. The home appraised at $140,000. The employer co-signed and put up a $20,000 CD as collateral. We didn’t have good credit and had to pay some things off, so the employer did that for us, so we owed him money. We [...]
In: Mortgage Rate
12 Mar 2010Everybody keeps saying that the economy needs a jump start – well, I am certainly willing to do my part and spend more once I have refinanced my current mortgage. However, it seems like the 30 year fixed rates continue to hover around 6-6.25%. Is there any reason to believe that these rates will fall?
We would like to refinance our current mortgage and I was hopeful that the result of the Fed rate cut would be a drop in the mortgage rates. However, it seems like mortgage rates only dropped by about 1/4 % point (I was hoping to go down to about 5% on a 30 year fixed [...]
In: Mortgage Rate
18 Feb 2010Hi
How come Fed rate is down and mortgage rate are up to the roof?
Thanks
In: Mortgage Lending
17 Feb 2010With more people out of work and wage increases stalling,is 2 % to 3.25% mortgage rates possible to start a full recovery by July 2009 ?
Sorry to ask the shocking stupid question! I am coming to the end of my mortgage term ( end of September) and am wandering if the mortgage rates will go down (currently for at 6.99%). Do you think it will go down by this time? I am in the UK.
In: Mortgage Rate
11 Feb 2010What is current mortgage rate for a conventional mortgage with 20% down. Person has very good to excellent credit.
Credit Score: 723-734
Owner Occupied
I have inherited some money and I want to use it to pay down the debt on my house and to make the payments lower. Would it be better to pay the mortgage down $100K and then refinance the $75K balance or Should I refinance the $175K and put a downpayment of $100K? Maybe it [...]
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