Is it the right time to refinance?
It would make sense to take 5/1 ARM - for your scenario you are looking at 4.25 - 4.375% interest rate. This will give you additional $110+ off your payment and you will recuperate closing costs within approximately 2 years. You have to qualify and your loan should not exceed 90% of the value - i.e. if your value...

having my mobile home moved to new property, need loan...
If you are planning to use your mobile home as a collateral for the loan - most likely the answer will be NO. There are not whole bunch of lenders out there who would finance mobile home to start with. Those who would will definitely not like the idea that you are planning to move it. Try your local bank to see if...

Is it true that 5/1 ARM is always better rate than 30 year fixed? I had heard in some cases 30 Year fixed was as good or even better.
Generally rates on confirming products including ARMs and Fixed rates follow demand of the secondary market. Thus any scenario is hypothetically possible. For example currently some investors offer better rates on 5/1ARM than 3/1ARM even though you'd think that shorter term would have to...

Can you Quit Claim to the World if your ex doesn't want to release you from a deed?
Seek help from an attorney to get precise professional answer. To the best of my knowledge: QCD is a document that consist of 3 things: The current owner(s), the subject property and new owner(s). So it has to be signed by all the parties who own the house (currently on title). This document is notarized...

Refinance
Absolutely. Finance it as a second home (rates are generally the same as primary residence) or as investment property (rates may be higher). In case lender will not accept Canadian notary you can always sign closing package in an embassy or US Consulate. Please note appraiser will most likely need to...

Buying and Selling at the same time
Bridge loan is a loan that you get for a short period of time - usually 6 months or a year and you have to pay it off by the the end of term. So usually you get bridge loan to put down payment towards the new house and then pay it off with the equity that you get after you sell your own house. Couple things - bridge...

When will the property values stablize? We are hurting becuase we have not enough equity to refi.
Check with mortgage companies. There are programs that allow you to go up to 125% of the value. I'd be happy to help if you are in the state of IL.

Husband is on a refinance with his mother can we get our own mortgage?
I would strongly recommend to get your husband off the mortgage of his mother's house if possible. Having additional mortgage on the credit will increase document requirements and tighten qualifying debt-to-income ratios (as your income must suffice to cover mortgages/taxes/insurance...

Combining 1st and 2nd loans and rates. When is it worth it to me to refinance?
I wonder where the 1% or 2% myth come out from. So many people told me that, but no one knows the source. This is the most ridiculous mortgage myth that is out there. Just as quick example - if you are going with no cost refi you will benefit even saving 0.125% off your rate as you can generally end up paying off...

A Lender In Another State
It is normal. As a matter of fact you will find that lenders who are licensed in multiple states very rarely have physical presence in each of them (unless state requires that). But I do agree with the previous answer that doing business locally has it's benefits.

rates for commercial property in chicago, ill
Very individual indeed. Need to know full scenario. Please call to discuss further 773-592-3430. Thanks. Dmitriy

are refinance rates going back up now?
Based on my personal work experience - if rate make sense financially and saves you enough - just go for it. Given that you cannot predict mortgage rates trends on a long run, you will be taking risk if you float. As to your chances - I'd say about 60% of my clients who waited ended up closing at higher or...

Why should I refinance?
You are absolutely right when you consider a long term perspective and not just immediate savings. Sounds like you have 23 years left to pay. So look at 20 or 15 years fixed programs. Both 20 and 15 years usually offer more competitive rate than 30y. By getting lower rate for 20 years you will save on your...

Just refinanced and now need to move due to job loss? Can I rent my home?
this is more like a legal question. I am not an attorney so this is not a legal advise. As far as I know if you closed on primary residence you have to occupy the property no later than 60 days after closing and reside at the property for at least one year. So I don't see anything to worry about in your...

Mortgage after short sale???
If it was not a foreclosure and you last late mortgage payment was over 12 months ago - you may qualify. It doesn't make much sense to "guess" in your situation. Do a pre-approval. It's free and there is no commitments, so it is zero risk. I work for PNC Bank and I can help. Once get a formal...

Mortgage options?
You should do 417K first mortgage and take the rest as the second loan or HELOC. You can choose from variety of programs for both loans. I work for PNC Bank and I cover northern suburbs. I can meet you at a branch in Gurnee or any other local branch. You will get both loans from the same lender. Closing costs for...