Is 4.625% on a thirty year note with a horrible LTV ratio and a second on the property still an acceptable deal?

That's not a bad loan for over 125% ltv and a second. It could potentially be better but you would have to provide more details for anyone to know. Let me know if I can help.Bud BrueningMortgage Broker801-230-3107

We'd need a little more information to give a a better answer. I think you're asking if your current loan terms would still be considered good if you are "under water" and have a 2nd mortgage. If those are your current loan terms, then you're probably not going to see any real advantage to refinancing. But, if you're shopping for a refinance, then with a little more detail we could be more specific; that's not bad if you're 125% LTV, as was already mentioned. If your situation is better, rates are better.

I'd need more information on your scenario to tell you because LTV, credit score, whether or not there is a second mortgage or HELOC, etc., all play into pricing. But if you are looking at a Home Affordable Refinance Program (HARP) and the LTV is greater than 105% rates are running in the mid-4's right now. Higher risk (high LTV's and CLTV's with a second mortgage, lower credit score, etc.) equals higher interest rates.

It depends on how horrible the LTV is and what the total LTV with you second is. I think you might be able to get a little better rate but would have to know more details to give you a good accurate answer to your question. Your credit score will also come into play on the rate. A higher the LTV and a lower credit score increases the risk to the lender and they will charge more in rate. If you would like more information without obligation give me a call. I will tell you based on a little more info if you are getting a good deal or not. If I think I can save you money, I will let you know. If not, I will be upfront with you. Give me a call. Linda Miller 801.550.1222.

So, it really depends on other details such as loan amount, actual LTV, CLTV, credit scores, property type ect... on the surface, i can say i have seen lower rates.. but without seeing the complete profile it's hard to be accurate.. best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders... the LOCAL broker is familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

No, it is not a horrible rate, we are seeing HARP pricing in the mid 4s (4.375-4.625) depending on many factors, including how high the LTV and CLTV really is and how large the new first mortgage is. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

I would shop around some but if you have a comfort level the person you are working with I would ask them exactly what margin is build into that rate. I only lend in Florida!