Things To Consider When Refinancing Archives

My husband & I purchased our condo with two loans from Bank of America: a 5/1 ARM @ 5.25% and a 2nd mortgage @ 6.75%. I would like to refinance our mortgages before the rates adjust. However, the value of our home has decreased over 0K. I have called Bank of America to get a loan modification and the woman I spoke to said we do not qualify. Is anybody else having this problem and how did you get a refinance?

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Where do I find and easy mortgage calculator? I would like to find out how much extra Principal a month I have to pay, to shorten my 30 year mortgage by 10 to 15 years, without refinancing / signing up for a new loan. Thanks a lot!!!

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I have bad credit and I would like to refinance my mortgage so I need some help repairing my credit at a decent price. Any suggestions?

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I wanna refinance a 30-year mortgage. I’ve been living in my house for a year and have a prepayment penalty of 2 years. Two points. My loan is 80-20 and my monthly payment is 3600. How can I refinance a loan of 520 to get 20000 on cash and reduce my monthly payment?
Price for the house has increased… I wanna know how does that affect the mortgage.. Is it good for the loan?

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My parents are considering refinancing to a fixed rate mortgate. I need software that can take in the following info: quoted rate, initial fees including mortgate points, loan amount, loan period, tax deductions on mortgate interest. The software needs to output the following. Total payments minus tax break plotted against time.
If there is no such software, a webpage with step by step instructions to do the calculation would be helpful.

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I am looking for any options I have to refi. I do have a FHA loan but I am not sure if I can refinance with mortgage insurance. Is there any program out there that lets me?

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My partner and I are splitting up and she will be quit claiming the house to me. I would like to take her off the mortgage (there are 2 mortgages). Is re-financing my only option? What costs should I expect to pay for the quit claiming and the refinance (unless I can do this without refi)? I haven’t the first clue how to go about this.

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I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, "aapexmrtg" and result is listed bellow.

Yahoo! Answers - what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage - No money down… www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 - 32k - Cached - More from this site - Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia - 28k - Cached - More from this site - Save

Yahoo! Answers - is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage - No money down… www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 - 28k - Cached - More from this site -

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If I want to get 2 or 3 offers for a mortgage refinance, do I have to get 2 or 3 appraisals? Or can I get just one, and use that for all 3 banks?

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The situation is this. My wife and I bought a home b4 we had kids. she is now a stay-at-home mom and does not have a paying job. We want to refinance to lower the payments. Does the bank require a credit check on both spouses or is it normal that they only care about the one who has a job? Any mortgage professionals out there with the real answer? Really appreciate it. Thanks.

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