How should I shop for the best mortgage rates?
I currently have a 6%, but a 5% rate is available. The advice I heard was to refi anytime you can drop a full percentage point, but I am also curious about the potential to drop
- Last time I did a refi I used lendingtree.com. It worked out pretty well. Essentially you get a lot of loan brokers bidding on your loan. I think Ditech is the same thing. As for the math about when to finance, it is more complicated than you make out because of variable closing costs. However, if you can drop a full point it is usually worth it
- Considering the current economic climate, all factors. It would seem prudent to wait. Given that the housing market is flooded with homes and more repo's coming monthly. As the lenders are subsidized by federal funds there is no doubt that mortgage rates have downward pressures. The next six months should provide you a better opportunity!
- I have always heard it takes 2 percent to make it a better deal with closing costs, etc
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i want to refinance my home, but my broker tells me that the minumum fico score is constantly changing, so, i want to exactly know what is the minumum score to do a stated refinance mortgage deal right now?. i would say 680 to get a conventional loan and that (home mortgage)
the gov. should take all those billions and just pay off everyone's mortgage, that way the banks would get their money and stay healthy, plus the home owners would be more freed. the gov. should take all those billions and just pay off everyone's mortgage, that way the banks would (mortgage refinance)
i need to refinance my second / investment home in milpitas california and i am looking for a mortgage broker or a bank that offers lowest interest rate based on 700 or more fico score. preferably a loan program with minimum monthly payment is preferred. try washington mutual, indymac bank (mortgage)
Knowledge Base: Mortgage
help! my wife and i would like to buy a home and / or land. i know that we can afford a payment of $400 a month, and we do not need anything special. a $40, 000. 00 loan would be sufficent. - problem is: i have no clue how (mortgage)
i have a 1. 25% negative am loan that i need to get out of, i currently owe 673, 000. 00 for both my first and my second, my question is can i get a loan that is not a negative am loan and have my payments at 2, 500. (mortgage refinance)
how can one mortgage a home without any credit history? we do not own any credit cards and credit is harder now to obtain than before. what kind of a down payment would we need? thanks!. fha has a no score program, but no investors are buying them so it (mortgage)
hey, i'd like to buy a house one day, and i am a full time waitress. i love my job, but trying to get a loan, let alone a mortgage seems nearly impossible. the bank looks at my pay stub, and sees that i make minimum wage. i am wondering (mortgage refinance)
i recently got a letter from my bank saying i owed them $199 from "late payments" on my mortgage. you know how your mortgage is due and if you pay it late they tack on a charge well, everytime my husband went to pay our mortgage even if it was (mortgage)
Knowledge Base: Mortgage
my parents bought their home 4 years ago at a 4% rate, which is due to change next year when their loan rate. with the market crunch and the new strict lending that's bound to occur as a result of this, they are worried about what refinancing has in store (mortgage)
out and never returned he left us with a pile of bills no financial resources to utilize he trashed the only vehicle i had therefore i was without one for 7 months the mortgage in. yes. when i first got out of the military, everything was in military accounts and (mortgage)
me and my wife will shortly be going through a divorce. she lives in our house with our 2 children and i have moved out. my concern is that the mortgage is mainly based on my income as the full time worker and she would not beadble to buy me (mortgage)
these are the folks who listed food stamps and unemployment as "income". every liberal who had a hand in this viral mortgage bomb should pony up and that includes chairman obama. name one so t country that enjoys a higher standard of living than any capitalist country. your question is (mortgage)
seriously. call your mortgage company tomorrow and tell them you are having trouble making the payment, and they will adjust you loan. why are people saying we need the government. politicians are the problem!. politicians. are the only people in the world who create problems and then. campaign against them. (mortgage)
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- Mortgage Refinance [12]
- Mortgage [38]
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