Maybaby asked:


We have a high interest rate due to bad credit. Would refinancing with another company maybe get us a lower interest rate? Would we have to pay closing costs again?

Tracy

rdwwAnswers asked:


I had an investment property on the market, but with the market conditions, it did not sell. Now that the rates have dropped, I can refinance it and easily turn it into a cash flow + property. Is there a rule that says I can’t refinance it if I take it off the market?
to add details, I do have renters in there now…

Stacey

Sleepy Gee asked:


We are refinancing our home and as such, the bank is sending an appraiser over. What do they look at? Do they go through all the rooms and look at everything? How long does it usually take?

I’m mainly concerned that some rooms are messy and I have limited time tonight to straighten up. They scheduled this without much warning.

Lester

Linda asked:


We live in Washington state; he has great credit, but mine is lousy and I don’t want it to affect the rate.

April

alecreations asked:


I have about 40 % positive home equity , no late payments , but I only have been owning the house for a couple months. My house is in California and I have a fair to good credit with too many inquiries in the last 6 months.

Edgar

starwarzed asked:


When you refinance your home with another mortgage company then the one you have know, who lets them know you’ve gone with another mortgage company? Are there penelties? We are in a sliding rate and are trying to get into a fixed rate. thanks!

Vera

Awesome O asked:


I’m looking for the best plan as in:

- Not getting my face ripped off in closing cost
- Not increasing my current interest rate of 5.8 to something over 8%
- Not having to pay thousands in points

It seems I’m having the same dilemna as when I bought my house and rates were supposedly “low” 4 years ago. I know I can’t win, but I simply can’t afford my current mortgage payment of $1500+ a month on a house I mortgage $185K for.

Todd

SAMUEL P asked:


Our property is a unique home, made of steel with a metal roof, finished out normally inside with 2×4 walls, etc on 10 acres, but because there are no homes similar in the area that have sold in the last 6 months, they won’t refinance. It appraised for $200,000. We’re only asking for $116,000? What has changed ? They have our 1st and 2nd now. They say it has nothing to do with our credit rating, it’s fine.

Bryan

lil_lady_lora asked:


Hello.I was just wondering if I should refinance?I am a first time homebuyer.And I am eligible,for a Va loan.Because I am a veteran.Unfortunately noone told me that when I was in the market for a new home.They told ma va loans are hard to get.I found out differently.Is it a good idea to Refinance,if I do not plan on staying in the home I have now?
Wow thanks!I had no idea there was additional closing costs.Thanks for the info!

Tom

RWKING asked:


I refinanced a year ago with Countrywide, and I am not happy with them.

Louis