Tag Archives: than

Did some mortgage companies dupe people into buying more home than they could afford or to refinance?

Question by Sean: Did some mortgage companies dupe people into buying more home than they could afford or to refinance? Granted you’re supposed to do your own research but what happens when a mortgage company convinces you that your fears … Continue reading

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Can I refinance my mortgage with no closing costs if I owe more than it is worth?

Question by Mark B: Can I refinance my mortgage with no closing costs if I owe more than it is worth? I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. … Continue reading

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Why would mortgage lenders rather forclose on an upside down mortgage than refinance?

by J Anthony Is Question by Nathan: Why would mortgage lenders rather forclose on an upside down mortgage than refinance? If the balance is $ 350,000 and the house is now worth $ 200,000 why foreclose instead of re-negotiate the … Continue reading

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Can I refinance even if my mortgage owed is more than my home is worth.?

by mary hodder Question by : Can I refinance even if my mortgage owed is more than my home is worth.? I am late for August and September on my mortgage, my mortgage amount is more than the home is … Continue reading

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How do I refinance when my mortgage is more than the property value.?

Question by teachingmother: How do I refinance when my mortgage is more than the property value.? My husband & I purchased our condo with two loans from Bank of America: a 5/1 ARM @ 5.25% and a 2nd mortgage @ … Continue reading

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How can I refinance my mortgage when the existing loan in greater than 90% of the value?

by justin Question by pine_acres: How can I refinance my mortgage when the existing loan in greater than 90% of the value? It doesn’t seem lower interest rates do the majority of people any good, as mortgages already greater than … Continue reading

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Cons to refinancing mortgage for more than I currently owe?

by J. Stephen Conn Question by BG: Cons to refinancing mortgage for more than I currently owe? I’m currently 6.5 yrs into my mortgage. Thinking of refinancing for 1.5 points less than current, but adding about 30% to what I … Continue reading

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Getting a divorce forces refinancing. Don’t plan to stay in it more than 2 years. What is best mortgage?

Question by stclaircl: Getting a divorce forces refinancing. Don’t plan to stay in it more than 2 years. What is best mortgage? If I know I will only be in the house for a short period of time is there … Continue reading

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how to go about refinancing a mortgage that is already more than the house is worth?

by woodleywonderworks Question by coley1976@sbcglobal.net: how to go about refinancing a mortgage that is already more than the house is worth? Best answer: Answer by um-kaynot a good idea and I doubt the bank will approve it. If the loan … Continue reading

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How does the 3/4 point cut by the fed affect refinancing a mortgage? is is better to do so now than it was b4?

Question by Cruise Guy: How does the 3/4 point cut by the fed affect refinancing a mortgage? is is better to do so now than it was b4? Best answer: Answer by redwineyes, rates will come down. Arm type products … Continue reading

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