2DIGNI5 asked:


My home will be paid off in 2017. We purchased it in 1987 with a var rate the worked well for us at that time. My mortgage rate has increased from 687.00 to 892.00 over the past two years. I suspect it will only continue to rise. I owe approxiately 47K @ 6.8%. How can I calulate what my mortgage payment would be if I refinance. Help. The Widow.

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mochachreme asked:


I’ve got a mortgage that is in a repayment status under a forebearance plan, but they want to modify the loan and put what I currently owe on the back of the loan. I want to know if another mortgage company will refinance me with the loan currently being behind (although payments have been made as agreed through the plan).

Thanks for your help!!!

Stressed in GA…

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Jessica B asked:


My parents took out a home equity loan on their home 7 months ago and didn’t quite understand what they were doing. They are on a fixed income and now have a payment they can not afford. Their home was appraised at 108,000 and they took out 35,000. They owned their home with no payments before this. They have fallen behind on payments and need to refinance the loan. but with todays market I’m afraid that won’t be possible. any ideas?

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mykzgerl asked:


My car is a 2006 and I have a 19% interest rate. The payment is alloted out of check, so never missed a payment. I owe 16,000 and it values for 11,000. Could I be able to refinance, or am I screwed?

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chitown asked:


My parents are legally married, but have been separated for about a year. My father would like to refinance our house and get money out for some repairs that need to be done. My parents are not on good terms with each other and my father would like to do this without her because he knows that she will not cooperate orshe will want money in return, that he will have to pay back to the bank.

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Sandra D asked:


I just found out that the loan that I refinance two years ago is a “ARM” loan. I do not think that I can refinance, because of the mortgage crisis. I have never been late. Somebody sugested doing a “modification” how can I do that. Do I need a broker or can I just negotiate with the bank.

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The ADvisor asked:


With the interest rates dropping I think I could really save some money every month on my mortgage if I refinance, but are banks hesitant to lend right now with the financial crisis? What are your thoughts? Thank you!

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Homeonwer in California asked:


I have mortgage with Wells Fargo fix 5 years, its only my 2nd year,can I still ask them to refinance w/no fee?

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D’s Mom asked:


I’m in financial ruin and I think my only and last option is to refinance my home loan. I need the extra money to catch up on bills after changing jobs and unexpected medical expenses. (I didn’t have insurance for 6 months from changing jobs and then I was sick and had big bills) I am about to lose my home if I don’t do something quick. I believe I’ve exhausted all other options. You opionion and ideas would be great. Thanks

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mcoopd1 asked:


I ask this because most lender said I have to refinance my 1st in order to pay off my 2nd, but if I do that because of my low credit score my interest will go way up and it will double what I am paying now. Is there a solution?

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