I just bought my house back in November 08 for $267,000 at a rate of 6.5% using an FHA program. I know rates are really low right now, and my broker has worked up a refi deal where I would get a rate of 5.0%, lowering my monthly payment. But the deal entails me having to tack on about $5,000 to my current mortgage to cover the closing costs. I’m not sure if this is such a wise go to go forward. Please help!
Tags: bought, closing costs, current mortgage, FHA Mortgage, fha program, house, months, mortgage, only, refi, should, wise movePosts Tagged ‘refi’
Should I refi my mortgage when I bought my house only 6 months ago?
Thursday, February 18th, 2010AZ FHA Streamline Refi application instructions
Wednesday, January 6th, 2010
For more information go to tucson-fha-loans.com. The FHA Streamline Refinance allows for people with an existing FHA Mortgage Loan to refinance without an appraisal or any credit, income or asset qualifying. So for states like Arizona where most people are upside down, this is how to get a hot rate. … fha streamline refinance az arizona tucson mortgage no appraisal loan
Trust Your Lender » Blog Archive » FHA “Flip” Rule
Tuesday, November 3rd, 2009FHA requires the seller to be owner-of-record for at least 91 days. If the seller is owner-of-record 90 days or less, the property is not eligible for FHA financing .If the seller has owned the property between 91 and 180 days, …
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Trust Your Lender » Blog Archive » FHA “Flip” Rule
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Edward Pinto: Ending The FHA's Continuing Nightmare Of Foreclosures
Tuesday, November 3rd, 2009The FHA has been seeing rising foreclosures since the 1970s, and nothing is changing that.
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Edward Pinto: Ending The FHA's Continuing Nightmare Of Foreclosures
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i have 20% equity in my home yet my fha refinance is charching me with mortgage insurance is this right ?
Wednesday, August 5th, 2009i am in the last days of closing a refi and more questions than answers are popping up
Tags: babe, delia, distressed property, downpayment, FHA Refinance, ground zero, how to improve your credit score, last days, last days of summer, real estate, refi, short timeSearch :
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She's now attaching a lot of conditions to whether or not she signs the refi. Gee, why is this not a surprise? Tootsie is pulling in loans and bills the two of them assumed jointly before Tootsie flipped out. Victor has to agree to pay ...
To refi- you need 10% down (equity), or 20% down if you have any dings on your credit reports. First step is to check your credit reports at annualcreditreport.com print them out ? they are free ? no credit card required ...
Fees that Fannie and Freddie began imposing in 2008, as loan delinquencies began to rise, have made it unattractive for some borrowers to refinance. For example, a borrower with 20% down and a 695 credit score seeking to refinance must ...
Even before you refer the refi lead to a broker, you need to do some work on your own. Talk to the lead, get to know them and their situation, educate them in anyway possible on refinancing as opposed to buying or selling. ...
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I have been in the residence 8 years as well as have the rate of 7 for thirty years. we have bad credit as well as consternation if it would good me to refinance to the reduce rate? Popularity: 5% [?] Refinance Home Mortgage bad Credit ...
It also pays the refi fees for people struggling, but who did not try and rip the bank off with a cash out. Mrsanswerperson says: March 21, 2010 at 4:37 pm. It is. It's To Help the economy, Not the individual. 100% Organic Snark? says: ...
People who qualify for a FHA streamline refinance loan can get their current interest rate lowered straight away and usually without even having their home subjected to a lengthy appraisal first. With FHA streamline refinancing, ...
I look out for to characterize as that a refi on my familiar with mortgage towards 30 years to consolidate a 4 -5 year auto credit lone extends my payments and in another 5 years or so I wish have on the agenda c trick to shift another ...
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