Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

refinance condo

Author Message
Icon Mini Profile hellruth





Joined: 07 Jun 2011

Posts: 1

1.31 Dollars($)
Post Posted: Tue Jun 07, 2011 5:27 am    Post subject: refinance condo
Like 0
Dislike 0

will any lender refinance me i only need 45.000.if yes ,what is requiered? do i need a down payment. an appraisal fee and closing cost?everthing was done one year ago when i bought it.its an arm,but i am looking for a fixed rate.would you refinance me?
Icon Mini Profile chrisgummerson

Community Expert
Community Expert



Joined: 29 Apr 2010

Posts: 704
Location: La Palma, CA
9.98 Dollars($)
Post Posted: Tue Jun 07, 2011 9:55 am    Post subject:
Like 0
Dislike 0

There is much more info that would be needed to see if you qualify. State, current loan amount, current payment, taxes, insurance, other debts you carry, income, assets, credit score, payment history, property value, etc. If you have enough equity, verifiable income and assets, good credit then when you refinance, you use the equity in the home to cover closing costs. You would not need a down payment. Would need much more info for an accurate quote.
_________________
Chris Gummerson
Bay Valley Mortgage Group
bayvalleymortgage.com
714-367-5125
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Tue Jun 07, 2011 9:10 pm    Post subject:
Like 0
Dislike 0

Hi hellruth,

If you have equity in your property, then you should contact your lender and apply for a refinance. You will have to appraise the property and check out if there is any equity in it. When you go for refinance, you'll be liable for paying the closing costs.

This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and check out if they can help you in getting a loan.

_________________
Procrastination is the enemy of your financial success
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.086 seconds.