Tag Archives: current

Why can’t you refinance a upside mortgage if you current on payments to take advantage of low interest rates?

Question by Mallory: Why can’t you refinance a upside mortgage if you current on payments to take advantage of low interest rates? I make my mortgage payments on time but mortgage is upside down. I’d like to lower my payment … Continue reading

Posted in Q&A | Tagged , , , , , , , , , | 2 Comments

Q&A: Is it better to pay down my current mortgage and refinance or refinance and use the money for downpayment?

Question by mks6128: Is it better to pay down my current mortgage and refinance or refinance and use the money for downpayment? I have inherited some money and I want to use it to pay down the debt on my … Continue reading

Posted in Q&A | Tagged , , , , , , | 6 Comments

Will refinancing my mortgage save me money given the current rates out there?

Question by Mickey O: Will refinancing my mortgage save me money given the current rates out there? Best answer: Answer by J Mit would depend on your credit, the type of loan you want, and of course the current rates. … Continue reading

Posted in Q&A | Tagged , , , , , , , | 2 Comments

Q&A: what’s the current minumum fico score for doing a stated home mortgage refinance deal?

by Superrad_ Question by Julio A: what’s the current minumum fico score for doing a stated home mortgage refinance deal? i want to refinance my home,but my broker tells me that the minumum fico score is constantly changing,so,i want to … Continue reading

Posted in Q&A | Tagged , , , , , , , , , , | 2 Comments

Q&A: Refinancing. Will I pay less in closing cost if I use my current mortgage lender/bank?

Question by AbeJ: Refinancing. Will I pay less in closing cost if I use my current mortgage lender/bank? I have heard you can save on some fees such as title search when you refinance with the same bank that has … Continue reading

Posted in Q&A | Tagged , , , , , , | 1 Comment

Q&A: We would like to buy the vacant lot next to our house while refinancing our current mortgage.?

by ILPeoplesAction Question by ALA: We would like to buy the vacant lot next to our house while refinancing our current mortgage.? We would like this to all be in one loan. Does anyone have experience doing this and do … Continue reading

Posted in Q&A | Tagged , , , , , , , | 2 Comments

Q&A: Can refinancing current mortgage into spouse’s name improve credit scores?

Question by N_ J05: Can refinancing current mortgage into spouse’s name improve credit scores? 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 … Continue reading

Posted in Q&A | Tagged , , , , , , , , | 7 Comments

Q&A: Can you be late on your current loan during process of refinancing w/another mortgage company?

by Jon Haynes Photography Question by ski w: Can you be late on your current loan during process of refinancing w/another mortgage company? My current loan will be 30 days late in 8 days. I do not want to pay … Continue reading

Posted in Q&A | Tagged , , , , , , , , | 5 Comments

How can I get a $3000 loan to make a late mortgage payment current, right before the refinancing?

Question by Mortgage Specialist Veronica: How can I get a 00 loan to make a late mortgage payment current, right before the refinancing? I have a client that needs to make his late mortgage payment; up to date before we … Continue reading

Posted in Q&A | Tagged , , , , , , , , | 3 Comments

Q&A: When refinancing, are you refinancing the balance of current mortgage or the value of the home?

by ghwpix Question by katlover: When refinancing, are you refinancing the balance of current mortgage or the value of the home? I’m considering refinancing but am a little confused about the process. I cant figure out if I would be … Continue reading

Posted in Q&A | Tagged , , , , , | 6 Comments