Archive for June, 2008

How fast should i refinance my car loan?

rustik23 asked: Car loan is 17000 dollars apr is 17 %. Dealer told me that i can refinance in 4-6 months, but i think he lied to me. Bank told me that i can refinance only once. So 4 months passed. SHould i try to refinance it or wait at least 12 months??? Thank you.Mydomain.com

Refused Credit Mortgages Set To “grow And Grow”

Tml-mortgages asked: Refused credit mortgages set to “grow and grow”14/08/2006 16:25:00The sub-prime and near-prime mortgage market is tipped to grow and grow following new research.A survey commissioned by Alliance & Leicester indicates greater demand for refused credit mortgages could be forthcoming, with four in five brokers expecting the market to grow.The top reasons for borrowers [...]

How do I know when its time to refinance my mortgage?

Sean T asked: I just bought a home last October. I signed a single 30 year mortgage for 280,000. My interest rate is 6.75%. I have only made 3 payments on this mortgage. With interest rates dropping when is a good time to refinance?Mydomain.com

Residential Mortgages (part 1)

Donna Elizabeth Lewczuk asked: a residential mortgage in today’s market can seem like a daunting task. The borrower can be faced with a myriad of choices. Each lending institution presents their respective claims to the enquiring borrower in an attempt to entice them to use their residential mortgage product. Each one assures the borrower that [...]

Glossary of common terms used during the mortgage process.

Michael Challiner asked: PR – This stands for Annual Percentage Rate. It enables you to compare the full cost of the mortgage. Rather than just being an interest rate, it includes up front and ongoing costs of taking out a mortgage. The formula for calculating APR is set by Government Regulations and therefore enables direct [...]

What is the most current interest rate to refinance my house in California?

anuitutu asked: I have a mortgage rate of 6.85%. should I refinance now or will interest rates go down more after the president signs the new bill to help mortgage companies?Add a link here 1