We have an FHA loan and our interest is at 6.5% and we were thinking about refinancing, but everyone keeps telling us we will have to have another FHA loan to get it at a fixed rate, otherwise we have to go conventional. We want to get out from under the FHA monthly fee, so does anyone know if this is true?
We have an FHA loan and our interest is at 6.5% and we were thinking about refinancing, but everyone keeps telling us we will have to have another FHA loan to get it at a fixed rate, otherwise we have to go conventional. We want to get out from under the FHA monthly fee, so does anyone know if this is true?
three payments or more, you could be eligible. If you are struggling to make payments on your mortgage but havent actually missed any payments, you might be eligible for the Refinancing portion of the program. However, you must first make sure you are eligible for this program. Federal officials will not provide assistance to irresponsible home buyers. If you are behind on three mortgage payments or more, get professional help from a mortgage loan modification expert. For more information …
Our mortgage was sold to a really crappy company. We have thought of refinancing, but then we realized we have a really good rate for another 18 months (we have a 5 year ARM) and won’t be able to find anything as low as we have now. It’s completely unfair that we don’t have a say in who gets our mortgage. I doubt we can have someone else buy it, but it was worth asking the question.
See my question about filing a complaint against a mortgage company and you’ll see why I hate them.
Fixed or adjustable-rate mortgages? Which is better? That depends on several things, according to Bob Walters of Quicken Loans. Quicken Loans is America’s #1 Online Mortgage Lender, and one of the largest home loan lenders nationwide. For more information, visit www.quickenloans.com.
earth2obama.org April 09, 2009 C-SPAN: President Obama made remarks after hosting a roundtable discussion in the Roosevelt Room about the impact of historically low interest rates. Attending the meeting were some homeowners who have re-financed their homes and benefited from lower mortgage payments, as well as members of President Obama’s economic team.
I have a 5 year interest only mortgage and just closed on my condo 4 months ago. It appears rates are lower. How do I go about refinancing and what are the advantages? If it’s lower should I autmoatically do it?
I have a high credit score (760), and was approved for my bank’s best rate. The refinancing process is taking awhile, and I would like to get a better rewards card than what I have. Would it be a bad idea to apply for a new credit card before the refinancing closes?
Currently looking at refinancing home, but can’t decide if it would be better to add additional monies to current mortgage to lower amount to be refinanced, or refinance and put that sum onto new mortgage.