martha33 asked:


The loan is for a home purchase not refinance or fix up.

Judy

zephyrs asked:


I bought the house last year for $377K, Now it is worth $300 - 320K. This is the estimate that I got from a loan officer.

I owe the bank about $280K. Is it possible to refinance it? I have excellent credit score and solid income. My current lender is Bank of America

Shannon

Amber M asked:


I was financed with bi-monthly payments of $179 and an intrest rate of 29%. I was told that if I focus on making these payments on time, it can actually improve my credit score. Then if I can save, say, another $1,000 to put down later and then refi, that could also change the high intrest rate and improve my score even more?

My credit is horrible… I’m working on fixing that now. Buying a clunker is not an option. Seeking answers from financial professionals.

Christine

mcoopd1 asked:


have spent 3-4 week trying to refinance my mortgage loan & each time the loan officer I’m working with promises me that he is the person that can get my loan done…but it really comes down to the underwriter decision. Why can I just work with an underwriter instead of a loan officer? It will say sooo much time!

Alma

dancingshlee4285 asked:


My husband I just bought home in July 2008 for 87k. Our interest rate is at 6.25. With the mortgage rates falling because of the economy, we would like to refinance to pay off some bills and to get a lower rate. We are first time home buyers and have a fixed 30 year FHA loan. Do we have to wait one whole year to finance or can we do it now?

Edward

Kelly L asked:


Thank you

Greg

Andre K asked:


I need to refinance my house but have to have some repairs done first which I don’t have the money for. My house appraised as is 57K more than I owe on it.

David

Cratchet asked:


I was coerced into taking a home equity loan along with a mortgage refinance four years ago. The max on the loan was 15,000, of which we spent around 9,000. Since the time we did this, the monthly payments have continued to climb because of the high interest rate, and late fees. The loan has been maxed out for several months. In February we turned the account over to a credit counseling agency we are using. Today I received a summons that will account for nearly 20,000. I have never had a late mortgage payment; can I end up losing my house because of the home equity loan?

Anita

lolo asked:


I’m halfway down on my car loan and I’m wondering if I could refinance it for another five years in order to have lower monthly payments. I do not know if such things are done at all?

Jack

Unique asked:


The person on the loan credit score has decrease alot and is behind a couple of months. Can the second person refinance the loan without the 1st person, the second person is on title only.

Louise