Archive for April, 2008

I need to refinance my truck asap Owe about as much as the truck is worth?

roxyzfoxy4u2 asked: As far as trade in value goes.I’d like to refinance or get a low rate llone to pay it off and improve my credit.What is the best place or instutution to go through? Truck is an 04 less than 23,000 miles owe about 10 grands still.Any advice greatly appriciated.Add a link here 1

How long does it take to refinance a home?

Amber T asked: So my fiance and I loaned his mother $10,000. She has to refinance her home and is paying us back when that is all finalized. Her house has already been appraised and she has done it before. Her bank says that she qualifies. She is going into the bank on Monday or [...]

How long to wait before I can refinance?

Jacqueline W asked: I just locked-in a rate of 5.99% for a new home. If interest rates fall to an all time low, how long must I have a loan before I can refinance? I realize that 5.99% is alreay pretty low (considering the rates were increasing this week), but what if they continue to [...]

Refinancing Your Mortgage Loan to Save Money

melinamenny asked:  Most people refinance their mortgage loan when it is up for renewal from its term. Mortgage loans come in a variety of terms, anywhere from six months to 10 years at a time, amortized over 25 to 50 years. Each term of a mortgage loan is its own mortgage loan – meaning that [...]

How to Use a Mortgage to Manage your Debt and Improve your Credit

The House Team Of Mortgage Intellingence asked: What if there was such a thing as a magic card that you could carry with you, which had the power to open doors for you all over the world? You show someone your magic card and ‘voila’, you can have what you wish for. You would want [...]

Your Mortgage Could be a Goldmine of Potential Savings

The House Team Of Mortgage Intellingence asked: “A penny saved is a penny earned”… or so the old proverb goes. Of course, the value of a penny has changed somewhat from the time when your mother offered her wisdom on the value of keeping what you earn. Today, you could save thousands of dollars by [...]

Dealing With Colorado Mortgage Programs

1st American Mortgage asked: Dealing with Colorado Mortgage ProgramsIf you are already a homeowner or just someone who wants to own a home, you know there are many Denver mortgage choices available to you. But since people who are interested in buying a home are different, the top Colorado mortgage providers must be diligent about [...]

Can you refinance a interest only construction loan prior to converting to conventional?

Timothy M asked: My wife and I recently moved into a new home which we are still paying interest only on the loan. We also just sold our other home and would like to put the money we made off of it down on the loan. Can we put the money down when we convert [...]

Taking the Guesswork Out of Adjustable Rate Mortgages

The House Team Of Mortgage Intellingence asked: Next to critiquing the decorating taste of your home’s previous owner, playing the “adjustable mortgage game” may rank as one of the most popular (and least pleasant) pastimes of Canadian homebuyers.Here’s how it works.As you’re exploring your mortgage options, you review the long and steady slide of mortgage [...]

Where can I find a wholesale lender to refinance a mobile home?

Frank M asked: This is in Southern California. I need to broker out a mobile home refinance for someone. Please help and maybe we can make a few extra bucks. Thank you.Mydomain.com

Mortgage Plain-talk: What’s the Difference Between "amortization" and "term"?

The House Team Of Mortgage Intellingence asked: There are many stresses associated with home buying – both financial and emotional. And frankly speaking, it doesn’t help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a bit of a primer on [...]