Refinance out of an ARM into a 30 year FRM
I refinanced into an ARM 4 years ago and wanted to refinance into a 30-year FRM to take advantage of the steadily low rates. I've never been late on a mortgage payment and the LTV right now is 65-70%. I...
Credit score of 669, can I qualify for a new home loan?
I found a home worth 175k in Coventry, not good credit, but I have enough to put 15% down on the home as well as a solid income of roughly 45k a year. What rates could I expect and should I put more mon...
Had a fourcloser 2 1/2 years ago
I live in my mom's house with my wife and 2 kids. We live in California i do have a collection agency calling me about a charged off HELOC. My old house that was fourclosed has sold twice now. My credi...
Just refinanced and now need to move due to job loss? Can I rent my home?
We refinanced on our primary residence of 7 years in late summer. This fall, my wife can no longer work due to a medical condition and we need to move but can't sell our home. I would like to rent our h...
Looking to purchase home in Fort Worth with 20% down
Okay, so from what I can tell, I do not need PMI if I put 20% down and I can get a better rate with that much down. Should I pay as much in points as possible in order to get the best rate or are there ...
Credit score of 723, want to refinance my home
My home is valued at 295k, we have 200k left on the mortgage and 21 years. I'm currently getting a 5.5% rate and I want to see whether I should refi into another 30 year FRM or maybe use a different pro...
What is PMI and what options are there to deal with it?
I'm looking to buy a home and I think I understand PMI, private mortgage insurance, but what does it actually do? Is it safety precaution for the lender's investment? Also, if the home I'm looking at is...
Can I get a 4.0% Home refinance rate?
Homes worth 325k, I've got a mortgage of 267k. My current rate is 6.625%, and my credit right now is somewhere between 740 and 760. I've been pretty good on my debt for the past five years, but I really...
What is a USDA home loan and how can it help me for my first home?
I've been told to look into a USDA home loan, however I really do not know what they are. Is it a special financing or down payment scenario? I'm looking to get a home in York and its valued in the high...
What does a prior bankruptcy do to my chances to refinance?
I filed for bankruptcy in early 2010 and I think I might be missing out on some great rate opportunities. The home in question is worth 310k, but my credit is shot and I really don't know where to begin...
What do I need to qualify for the new HARP program?
I have a Fannie Mae home from 2007 that I currently am underwater on, roughly (135%). I haven't missed a payment for my mortgage in 3 years except I was late back in 2009 once. The home is valued curren...
686 Credit Score, need to refinance my home loan
Currently I'm at a 7.25% rate from a 30 year FRM, currently at a mortgatge balance of 110k of a 245k home. I make roughly 55k a year. What are some possible rates I could look for?
Spouse eligible for FHA loan?
I purchased a home under an FHA loan in 2002 and got married in 2008. In 2010 the house went into foreclosure but I was able to sell it to avoid the foreclosure. Now I am getting a divorce and would lik...
Albuquerque, NM - Dec 7th 2011
6 answers
- Latest answer by
Pam Schubert - VA certified loan specialist
Dec 8th 2011
VA refinance now that I am on disability
I've seen adverts regarding disability veterans getting a better deal. Do I need to refinance my current VA mortgage in order to take advantage of the lower rates, or should I contact my lender to begin...
Can I get an FHA Loan even if I've already bought a house?
I've already been a home owner, this was over 9 years ago. Do I still qualify for an FHA home loan or did I lose out on this? Home I'm looking at is 232k, and I want to make the lowest down payment poss...
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