insurance, Title Exam and Miscellaneou Title fees. These expenses I already paid since I bought the home 2 years ago so do I need to pay again now just for refinance? Please advise, thank you. And what is the best rate now for the 15 years fixed?
best-refinance-home-mortgage-loan-rates.com “you will never make money.. faster than around a negotiating table” This is true for saving money too, when it comes to home loans or mortgages. When people (new buyers) come to the banks and lenders they come without any ‘power’ to leverage the other side need for a deal too. Homebuyers come weak and “beg” for the loan officer or mortgage broker to give them a mortgage at the best rates.. While its the loan broker who needs the deal too.. if you do not close.. he gets no fees.. In this short movie you will get tips on how to save money while negotiation with the bank. The tips are short and simple. You need to do them with every business encounter. You can save hundreds of dollars this way. Mortgage closing costs and fees, can sum up to a big cash payment.. you can reduce this by negotiating. When you negotiate you show you have other alternative, when you show the bank you are in a position to choose you have the ‘power’ (even when you don’t have other options..)
Which one to pay of first or to prepay on all of them equally
I have 3 loans against my house, when I bought my house for 145K 3 years ago I had a 80/15/5 loan (to avoid PMI). And 2 years ago I got a HELC for 15K
Loans – (current balances) [monthly payment]
#1 – 116K (112K) @ 6% fixed for 30 years [6]
#2 – 21,750 (19,860) @ 6.75% fixed for 30 years [5]
#3 – 15K (14500) 4.25% adjustable for 20 years
My monthly payments for #1&2, including taxes are 01. (I prepay my insurance) payment for # 3 varies but is 5 per month right now.
I CANNOT refinance, I have tried for 3 months now, with different companies, the numbers don’t make sense, and there is too much cost for it to help me.
I dont live in the property; it is a rented for 50 per month.
I dont have any plans to sell it.
maybe i will try to refi or sell in a year
If you know of an online calculator where is can put in all of my figures and do it myself, i looked but coulnt find one.
I bought my first home about 8 months ago. I had no down payment and ended up getting two separate loans.
The first was 4,000 @ 6.75% 30 year fixed.
The second was for ,000 @ 9.436% 15 year balloon.
Monthly payment on the first is: 14.12
Monthly payment on the second is: 6.05
I can pay this. Its far from ideal but I’m paying only slightly more per month than I would for an apartment. I thought I might be able to refinance before too long but then too many people making K bought 0K houses and I’m thinking the chances of my doing that right now are slim especially since I’ve paid down next to no principle at this point.
Let’s leave the atrocious 9+% one alone for a minute. I know there are insurance fees and real estate taxes built into mortgage payments but I’m plugging 4K and 6.5% over 30 years into the generic calculators online and not getting anywhere near what I’m paying. Any help?
Was supposed to be 6.75% used for calculations…typo.
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?
Visit best-refinance-home-mortgage-loan-rates.com If you wish to refinance your mortgage, and are not sure if it is the right solution that will save you money.. This video and website link is for people who think refinancing their home loan. You can get some of the monthly payments down,…
Last year, we coverted our one car garage to a living space by enclosing it, adding a window, finishing the floor. No plumbing is added. From outside, it still looks like a garage. We didn’t apply for a building permit. We are thinking of refinancing the mortgage. Note: It is in New York State. I am wondering if the converted garage will casue any issue during apraisal, title search, title insurance,etc. Thanks in advance.