Refinancing VS. More to Principal

Loan Balance:450,000Current rate: 5%, 30 year @$ 2,486 montly payment.If I refinance the New rate would be: 3.75%, 15 year fixed with $2800 closing cost apprx= $800 more dollas on new montly payment.Is ...

Self Employed, need advice for mortgage app?

Hello all, I have a situation that I would like to hear opinions on because I'm hearing different things from different people. I am a technical writer who has been working for/"with" the same company f...

I have my own bussiness in new york city but i want to buy a house in pa...

i have my own bussiness in new york city but i want to buy a house in pasadena maryland, can i qualify to have a fha loan

Need Help With ARM?

We're finding it difficult to find a single family home in our desired Chicago, IL neighborhood that falls into a comfortable price range, so we're considering financing a condo that we love, but which ...

Is there any option for a refinance of a primary home loan if I have a 4...

I am a landlord with several rental properties and my DTI is high, 47%. I am trying to refinance my primary residence from a private mortgage and I have at least 20% equity in the home. The loan amoun...

What interest rate can i get with the VA loan and how much money do i ha...

I need to know what kind of interest rate i can get with the VA loan and for how long do i have to have a job and how much do i have to make before I can receive the loan?

What percentage of equity in a rental must you have to qualify for anoth...

Is there a 'rule of thumb' for how much equity you must have in a potential rental property to qualify for a loan on a primary residence property? We're having trouble selling our townhouse, so we're co...

2nd home, do we qualify for mortgage?

Our present home has been for sale for couple of months and no offers yet. We lowered the price to $314,000. The house is all paid off, we have no mortgage, 0 other debt, and our credit scores are tops,...

What to do about loan??? (w/ 755 credit score)

OK, a long one sorry-- We have been pre-approved with 3 lenders-- private mort co, a big bank, and a mortgage guy recommended thru the RE agent we work with. Now we are told to have a better chance at g...

Georgia FHA Loans below 620

I will be moving to Georgia very soon. I have had my job with the same company for over 11 years. My spouse will not have a job when we move.I have a middle score of 619 which a mortgage company has tol...

Underwater w/ 1st home, credit score of 740, thinking of buying 2nd home?

We are in quite a dilemma here. Our current home in socal is 200k underwater. Family has grown and we need a larger home. We plan to buy another home as primary residence, in pretty much same community...

Any advice for VA loan?

I have relocated to Seattle from Texas for work. I have been employed in my field for over 15 years. My house in TX has not sold.I am a veteran with a service connected diisability. I have my COEI am ...

Reserves vs. credit scores for jumbo mortgage

A question for the experts out there: when applying for a jumbo mortgage, does having lots of reserves compensate for a mediocre credit score? My credit score is in the 760s, but my fiancee's score is ...

Reverse Mortgage or Refi?

Hello, I am developing my retirement plan (too bad it is still years away), and I thought I would ask people's opinion on reverse mortgages vs refinancing and pulling out cash. Surprisingly, I haven't...

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