I want to refi to 15 yr fixed rate mortage. Current rate is 5.25 30 yr fixed. $97K bal on $220 FMV. I want to finance the closing costs, so willing to pay higher rate to make this happen. Yet, might it just be easier to continue to make additional principal payments since the rates change won't be significant.
You can refi on a 15yr mortgage with closing cost rolled in your new loan. Rates will range between 3.75 to 4.25% based on credit score. You can reach me at 317 572 1455.

REFINANCE OR HOME EQUITY
Good questions, my personal opinion would to refinance your mortgage to a lower rate and use the cash for home improvement because the a home equity home is like a big credit card. The rate is usually adjustable and you are only paying the minimum payment or the interest on it. One day rates will be going...

My fiance has a credit score of 663 and mine is 615, can we get approved for a home loan?
We can go down to 600 score on a FHA loan. The other option it just have you fiance get the loan in is name if he make enough income.

usda or fha loans
USDA can be done if the propety is USDA quailified. FHA will be ok even if it more than 10 acres as long as it is not be use for farming or agricultural related services.

We have a conv loan, first at 168,900, second 47,790 appraised last yr for 193,000.
Its all based on your credit score. If you would like to meet at my office at 8888 Keystone Crossing, Ste 900, Indianapolis IN 46240 or Call me we can discuss your different loan options. My number is 317 713 9533.

On average, what percentage of a loan do closing costs make up?
That is different on every loan. We have programs that have no closing cost. Give me call at 317 713 9533.

In ILLINOIS with Middle Score less than 640 (632), can I get a FHA Loan?
Yes you can. I can go down to 620 credit score. Give me call at 317 713 9533.

Are there lenders that will let people with BAD credit borrow??? Score is around 615
615 is a score that can be done on a FHA mortgage. Please feel free to call me at 904-332-7808. Brady Bales, Branch President with First Option Mortgage