Glenn asked:


We owe on our 1st mortgage is $52,000 at 6.25%, and our HELOC is $105,000 at 8.19%. Fixed. The estimated value of the house is between $110,000. to $150,000. I would like to combine and lower my interest rate, but if that is not possible, how can I lower my HELOC. I would at least like to lower my $730.00 interest on the HELOC. What are my options if any? Thanks!

refinance

James H asked:


Hi I have a mortgate of around 2 years old and is a 30 year fixed rate at 6.5%. With interest rates being slashed right now and house prices dwindling it would make a lot of sense to be able to refinance the mortgage at a much reduced rate, lower the monthly premium but still pay (ie overpay) the same amount each month to the mortgage company thereby paying of the principle faster and possibly ending up in a few years time with some equity back in the home. If I leave it as is the market is going down as fast as I’m paying off the principle and am therefore no close to actually owning my home. The other alternative to over paying is refinancing at a 15 year fixed rate loan as that seems to be giving me around the same monthly payment as I’m paying out now.
But the question is, with no equity in the house will my current (or even another) mortgage lender even look twice at refinancing (I understand that lenders are reluctant to give out loan to value ratios of higher than 70-80%)
thanks

fast mortgage

Loving my Career!!! asked:


After struggling to keep our home the mortgage company called it a re-negotiated loan. I am afraid we wont be able to qualify for the tax credit. 2009 was a hard year for our family.

refinance

TraderPat asked:


My Main issue is to find out if its worth refinancing a house, because I dont want the property tax to change from a 200K house amoount to a 800K house amount. Please include sources if available. Thank you.

refinance

Ramona asked:


I am in a 5yr Interest Only Arm, 7 .25%, and want to refi my home w/ no cash-out. 80% Loan to Value. I have 3 yrs left on my ARM.
…should I refi now or wait?

refinance

Fast Pace asked:


having 668 on credit score and being first time home buying. Today, what docs do we need to present to refinace? Thanks, I appeciate your help.

refinance

luv2travel asked:


Our home is on the market and have a contract on it. Apparently the IRS never received the buyers 2008 tax return. He went to the IRS office in town today and was told to electronically file it and he should get it back next week. He is supposed to get a small sum of $ back. The 2008 taxes must be processed in order for the mortgage company to get the 4506 transcripts for underwriting.

Here are my questions:

1- Can you electronically file taxes that are for previous years (in this case 2008)?

2- Is it really this fast to get the taxes processed? I thought it was up to 8 weeks or so. The branch mentioned that they “dump a bunch into the system on Thursday” so it will get processed next week.

Thanks for your help.

fast mortgage

bowlermama2006 asked:


You have answer this for me before,but for some reason I did not recieve the answer. My daughter wants to buy a house for $19,000.00,but has bad credit. THANK YOU

bad credit

asked:


My credit is less than perfect in fact I would say it is really bad. I need to move from where I am staying now and want to see if I will qualify before I start the application process.

bad credit

Wanda M asked:


When I purchased the home I wasnt really informed on how this adjustable rate would go up this high I came in paying 900 and now 1300 a month , I am currently on my mortgage but dont know how much longer I will be current , My credit score is currently 602 who will give me better rate,, I trully want to save my credit from being ruin , however I dont know how long I can afford to pay this , am eating ever other day to pay this mortage and dont know how much longer am going to be able to do this .

refinance