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donnarunner1@aol.com
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0.10 Dollars($)
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Post subject: interest rates |
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| what is the current rates on a refinance 30 year mortgage |
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Sam
Site Admin
Joined: 21 May 2005
Posts: 289
Location: CALIFORNIA
121.53 Dollars($)
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Post subject: RE |
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Hi,
Welcome to the Forums.
For the interest rate on a refinance 30 year mortgage, its been a week where the rates has fluctuated.
Traditional Mortgage Refinancing Rates is running 20% (Down)
30 Year Fixed Conforming Loan Refinancing Rates:
Rate --- Points --- Lender Fees --- APR --- Payment
5.125% --- 2.873 --- $0.00 --- 5.402% --- $1088.97
5.250% --- 2.241 --- $0.00 --- 5.470% --- $1104.41
5.375% --- 1.697 --- $0.00 --- 5.546% --- $1119.94
5.500% --- 1.303 --- $0.00 --- 5.636% --- $1135.58
5.625% --- 0.773 --- $0.00 --- 5.712% --- $1151.31
5.750% --- 0.354 --- $0.00 --- 5.799% --- $1167.15
5.875% --- 0.000 --- $0.00 --- 5.892% --- $1183.08
Hope this information, will make things clear about the trend on intrest rate for refinance.
Thanks
For MortgageFit
Sam |
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celticsail2000@yahoo.com
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0.10 Dollars($)
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Post subject: refinancing a rental home |
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| can I refinance a home I own in Tx which is currently rented? I live in Il. |
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jameshogg
Joined: 20 Dec 2005
Posts: 5162
Location: nevada
645.01 Dollars($)
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Post subject: |
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Hi,
I think it's quite possible. Have you talked to your lender?
If there is any problem with your current lender, you may shop around with different lenders with your matter and get the possible program for you.
If you need any more help, you may post it here.
James |
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ckalvesmaki
Community Experts
Joined: 28 Jan 2006
Posts: 377
Location: Dallas
56.51 Dollars($)
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Post subject: |
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Yes you can refinance your home in TX. It would be considered an investment property and would fall under those guidelines for rate etc....Is it currently leased?
_________________
Cedric Kalvesmaki
***Professional Disclaimer***
While I am a Mortgage Professional, this advice is generic in nature only.
888-383-9019
emails and PMs gladly answered
www.freedommortgagetexas.com
Freedom Mortgage
I live in TX but cover all 50 states |
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chachi
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0.10 Dollars($)
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Post subject: newly divorced |
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| I am newly divorced and my ex has signed a quitclaim deed to the house we bought 7 years ago. With me being a single mom with 3 kids and low income, where do i go from here? the monthly mortgage payments will be almost impossible to make. Is there programs out there to help me? If i refinance, can it just start from this time period or will i have to get a whole new loan? |
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larry
Joined: 27 Jun 2007
Posts: 3328
474.61 Dollars($)
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Post subject: |
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Hi Chachi,
You will take a new loan on you name and pay the due of the mortgage to the present lender. The rates are down now. So you should get affordable rate and term. If monthly payments seem higher for you, make the duration of the loan period longer and decrease the monthly payments.
How much do you owe to the lender? Can I ask you about your monthly income?
Best of luck.
Larry |
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Janice
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Post subject: refinancing a mobile home--1977 |
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| I am trying to refinance my older mobile home and at the same time add $8,000.00 to replace my heating and air condition unit. My credut score is 642, my husband 699. I have hear NO so many times. I am running out of places to call. If you have suggestions, I would be grateful for any information you can give me. Thank you |
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larry
Joined: 27 Jun 2007
Posts: 3328
474.61 Dollars($)
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Post subject: |
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Hi Janice,
Welcome to the forum.
Your credit score is not too bad but refinancing depends on many other things like your monthly earnings, employment history, do you have any kind of other debts etc.
I think it will be better fill up the "No-obligation free consultation" form to get free counseling from the mortgage lenders and to know if you can be able to refinance with affordable rates and terms at http://www.mortgagefit.com/
Feel free to ask if you have any further questions.
Best of luck,
Larry |
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vivi
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0.10 Dollars($)
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Post subject: confused |
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| how do i go about getting on the mortgage without refinancing |
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Niicss
Joined: 03 Oct 2005
Posts: 3211
Location: New Jersey
506.48 Dollars($)
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Post subject: |
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Hi vivi!
If you are speaking about transferring the mortgage in your name, then refinancing is the best way. Even lenders prefer it. As you do not want to go for refinancing, you can go for the process of novation. You can visit the following link to know more about novation:
http://www.mortgagefit.com/know-how/about5787.html
Thanks.
_________________
Good is the Enemy of Great. |
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srh610
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0.10 Dollars($)
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Post subject: Refinance |
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| Does it make sense to refinance my first and second mortgages into a single mortgage? First mortgage is 30 year at 6.25, second is 10 years at 6.35. New loan would be a 15 year at 5.75 but closing costs are adding an additional $6000 to the loan for a total loan of $150000. |
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smithsussane
Joined: 18 Sep 2008
Posts: 4484
Location: Alaska
435.29 Dollars($)
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Post subject: |
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Hi srh!
Welcome to forums!
In my opinion, it will be a better option to refinance both the loans into one single mortgage. If you get a refinance on the rate and terms that you have mentioned here (15 year at 5.75), it will be a good deal for you. As far as the closing costs are concerned, you will have to pay it in any kind of refinancing.
Feel free to ask if you have further queries.
Sussane |
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Jason1122
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Post subject: Consider loan modification |
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i recently found out about loan modification to get my own property modified. i think it is much better than refi especially if you qualify. i think you can get rates really low and sometimes balance modified. it is worth testing out there are many sites out there helping out with loan modification. this one looks the best so i used these guys. LoanShrink.com
There is also a gov site that has lots of information on it. |
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