FICO credit score of 742, what are my options on refinancing a home?

There are many options and fortunately they all have great benefit to your scenario. I would be more than able to detail all options and help you choose what best suits your needs to maximize your savings. I can be reached at (480) 559-9590 or via e-mail at info@wjbonline.com I look forward to assisting you.

As long as your current value stays at or below the 80% mark you are good to refinance with out getting back into PMI. If there is enough room in the LTV you may be able to wrap your costs into the loan as well. ( You would still be able to do this if LTV is over 80% you would incur PMI.) Rates are much lower than what you have. Please contact me at 623.202.4449 if you would like a quote or have more questions.

Ron,It sound like you have many options. There are 3 important items in today mortgage world. 1) income and DTI (Debt to Income) 2) LTV (Loan to Value) 3) Credit Scores.It seems that you are all set in all of these items. Please call me at 602-628-6500 so I can quote you a great rate. I work with more than 10 different mortgage companies, so I can shop around and find you the best deal.David Kester

Hey Ron... You are the ideal candidate for a refinance. Rates are very low and you might even consider a 15 year mortgage. I'm here local in Phoenix / Scottsdale. contact me at William@VelocityFinancial.com I can get you a Written Quote within 30 minutes... WilliamAcres.com

Ron, if want to reduce the rate and shorten term you could cosider 20 or 15 or just stay with a 30 for a comparison of the three please contact me at ballen@accessnational.com or phone 888-354-3299.

LOW LOW Rates and a FAST turn around. I can lower your rate MORE than 2%...call me today.

You are in luck. Today, rates are hovering in the high 3s / low 4s for a 30 year fixed rate mortgage. 15 year rates are even better. Now would be the best time to rid yourself of your overpriced loan. You will want to talk to a Licensed Mortgage Banker/Broker, like myself to be able to look at all of the options that are available to you. We have access to all of the major programs out there. You may find that taking a shorter term may keep you payments about the same, but pay your loan of many years sooner. I'd be happy to work with you and show you all of your opptions. Feel free to contact me at 480-889-9000. Nova Home Loans has been leading the way for over 30 years.

The P&I payment for a $240K home with a 30-year FRM is $1,478, so I assume that the $1,700/mo. you are now paying includes at least property taxes, if not homeowners insurance as well. If this is correct, your loan balance, unless you have made extra payments during the past 5 years, should be about $224K. At a $265K FMV, your home's LTV should be roughly 84.5%, putting you back into PMI territory, but at 85% or less it should only be $50 to $60 monthly. With your 742 FICO score, you should be able to get a new loan in the hi 3s or low 4s. At a 4% interest rate on a $224K loan amount for 30 years, your monthly P&I payment would be $1.069, saving you $409/mo. compared to the $1,478 you should currently be paying. I would love to talk to you about your refinance, but I only do loans in CA. Your best bet is to get with a savvy, non-bank loan officer in AZ who knows how to creatively structure loans.