Underwater Loan, Freddie Mac, what can we do?
We have a Freddie Mac mortgage and we're currenlty underwater almost 100,000, the home is valued at 375,000. Can we refinance through a HARP or what can we do?
I have an ARM that keeps resetting
Currently I have 534,00 still left on my home loan, but I know I am underwater. I have been paying this for five year and have never been late on a payment. Because of my income to debt ratio, my credit...
Can I only refinance my first mortgage and not my second mortgage?
I was curious is it possible if I have two separate mortgages with two different companies would it be possible to refinance one without affecting the other?
How do we refinance, no one will take us!
We have excellent credit (820). My husband and I have been working for 10-15 years, with a combined take home of $110,000. Currently we have a first mortgage with $350,000 left and a second with $140,00...
Bare necessary information needed for refinance
Are there any mortgage refinancing options based only on one year of tax returns? If not, what is the bare minimum necessary for a refinance on a mortgage, I wish to avoid showing some bad credit and ot...
Here is my questionwill a mobile home qualify?
will a mobile home qualify?
FHA Mortgage Streamline
After no success at trying to sell my home, I decided to rent it, but I wanted to combine my 1st and 2nd mortgages ($1600 tax and ins) in an effort to lower my payments, which would allow me to rent a...
Refinance my ARM now or later?
Right now I'm in a 5 ARM at my Atlanta house at 6.25% when I was living there, renting it currently. The ARM expires April of 2013. Should I refinance now or wait until the expiration. The balance curre...
Refinancing problems with a condo in a three-plex
I live and own a condo in a three unit building with the other two units being owned by one person, who currently is renting them out. I keep getting rejected for refinancing because 50% of the units ar...
30 year FRM or 5/5 ARM? Which is better?
I have a loan amount of 460,000 with a down payment of 46,000 (10%). I have the following options:- Fixed 30 Year with 4.375% ( 0 points), 4.250% ( 1 point), or a 4.125% ( 2 points).- 5/5 ARM with a 3.3...
Rental Property Refinancing, Great Credit
I currently own two townhouses that are rentals in Southington. Both are currently occupied and I do have great credit (810) and both have equity. I have a 4.65 and a 5.8% 30 year FRM. Do you think I ca...
Refinance a rehab house for cash out
I bought a fixer-upper property a little less than 2 years ago for around $325,000. Repairs are finished but we incurred more costs than we had anticipated. The whole house was replaced and is estimated...
Home equity loans for out of state properties
My LLC which I own has three residential properties in Michigan, while I live in California. Two of the three properties are in horrible condition, the other is a duplex which produces $1500 every month...
Refinancing FHA loan, is this a good offer?
My home is valued at $535,000 with a loan amount outstanding of $420,000. I have an offer from Cash Call at 3.5% FHA at 15 years FRM, no closing cost and free appraisal. My current loan is FHA 30 year F...
Mortgage on a house fully paid
I recently bought a house for my son valued 137,000 with no mortgage, paid cash. I do have some other outstanding debt that I would like to pay off and perform some upgrades to the house. Can I take a m...
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