Q&A: How do I refinance on 30yr mortgage with PMI,without touching the equity and me paying from my pocket?
Question by Abinobi: How do I refinance on 30yr mortgage with PMI,without touching the equity and me paying from my pocket? And is’t a good advice to refinance with my mortgage company (CountryWide Home And Loans) or shop around other Loan companies Best answer: Answer by doinouShop around. You will probably get the best deal from you existing lender, assuming you are a good customer. Give your answer to this question below!
read moreCould you please give me some advice on a refinance of my mortgage? Details…?
Question by FromTheTop: Could you please give me some advice on a refinance of my mortgage? Details…? I bought my home 14 months ago, it was a foreclosure, and we got a heck of a deal. It appraises at about $ 160,000 or $ 165,000 right now, and we paid $ 142,000 for it. Since it has only been 14 months, the principal is still at about $ 140,300. BUT…we are paying like $ 133 a month for PMI (Property Mortgage Insurance) since we don’t have enough equity in the home at this point. We are also paying an interest rate of...
read moreMortgage Refinance: I am confused: Please advice?
Question by Ramu: Mortgage Refinance: I am confused: Please advice? Hi, I am confused. Please advice me with your thoughts. I currently have 15 yr 4.75% fixed rate mortgage. I pay $ 2234 monthly. 9 years remaining to pay off. Now i see rates falling and enquired about market rates. I was offered 3.75% on a 10yr fixed. $ 2071 monthly payment. Should I take it? On the surface it looks better to refinance, as it offers me $ 2234 – $ 2071 = $ 163 saving monthly. However when I calculate total money I will end up paying more for new...
read moreQ&A: I need Mortgage Refinance advice please!?
Question by larryandshaunafuller: I need Mortgage Refinance advice please!? I need to refi my house as my rate is jumping up. I have a 632 Fico score. The only reason my score is low according to Equifax is my debt to income ratio. I have no negative open accounts period. Everything is paid off. It says payment history is Very Good, Ammount of new credit Very Good, Length of credit history just Good, and Amount of debt Not Good. The only thing I have that is a huge debt is my Mortgage which I have NEVER been late on. As a matter of fact I have...
read moreQ&A: Mortgage refinance advice and help needed?
Question by : Mortgage refinance advice and help needed? I am trying to refinance my house with Chase Bank, and today I received this good faith estimate in the mail, and with all this number I am not sure if this is what I want to do cost the closing cost is getting high more than what I thought it will be. Also what I currently my debt on this mortgage is 207,000 but with refinancing my debt jump to 215,000 so that I will not have to pay any closing cost out of pocket. Can someone that no about this help me to check if this estimate is right...
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