Funky Chicken asked:


I had something come up that I had to put about $8,000 on my credit card. Instead of paying for it with the credit card company and their inflated interest rates, should I take a loan out to pay it off? I guess I could refinance the house to get out of the debt, but I am happy with my loan… Any suggestions?

Raymond

kincaid1 asked:


We refinanced our home recently. I was asked how much our existing loan amount was, lets say I told the loan officer it was $110,600. He said we’ll round it up to $111,500 because there is usually more that is owed than what you see on your statement. When we closed, it said our payoff amount to the old loan was $110, 976 and my new loan amount was going to be $111,500. Why don’t they just refinance the payoff loan amount? Does that mean that the bank just made an extra $500 off of us to refinance? Why is it done this way? Thanks for any help.
James, yes I reviewed the GFE and paid the closing costs out of pocket.

Ruben

Mortgage Specialist Veronica asked:


I have a client that needs to make his late mortgage payment; up to date before we can process his loan and close it. He only needs $3000. What options do we have?

Matthew

ursaitaliano70 asked:


What happens if we don’t have the money from our existing home to pay into the construction loan? Will we have to keep the loan at that amount. Will we be able to put the money from our existing home into
the loan once we get it? Will we have to refinance the whole thing to do this and go through another closing? We would appreciate any answers that are based on facts only. Thanks.

Kristin

ad_hoffman asked:


I have some Stafford loans that I know I can refinanance, but what is killing me are the rates of my private school loans. Am I allowed to refi them along with my Staffords?

Elaine

halloweenbaby10311972 asked:


we got a used auto and financed through the dealership and the interest rate is extremely high. Should i refinance this loan or take a loan from my bank with a lower interest rate and pay off my vehicle and just pay the bank back.

Alvin

msellusion asked:


My husband and I are divorced and now he is moving out and told me that I could continure living in the house til I decide that I want to sell it. Is there a way to legally take over the loan without my name being on it without refinancing due to bad credit? AND if not and i continue to live here til we sell it, is there a good contract for us to go by as where is not allowed to stop by, make changes, sell out from underneath me? I dont want to see him ever here unless I invite him and I need to know will that contract hold any ground by us creating it between us and just having it noterized. I do trust him, its whomever he gets with that I do not trust to change his mind about being so nice to me.

Julie

tuckersmom asked:


My husband and I leased a new truck last year. The lease is up in 2008. We were thinking of refinancing the amouint left into a new loan as we planned on keeping the truck? Is this a good idea or should we just start over with another vehicle? (preferably not leased). Please…I know not everyone egrees with leases and I’m not so sure I do anymore but we are in it this far.

Randall

Hope7582 asked:


My ex is considering BK and in our court order he was to refinance to remove me from the loan and not to encumber the property. He has not removed me so I was wondering if a BK filing is considered an encumberance?

Vera

KQ asked:


The cash out was not used for home improvement, but I am not subject to the AMT.

Does the rule that you can only apply the cash out interest used for home improvement only apply in AMT circumstances?

Ronnie