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

Stanley W asked:


as we all know,properties through out the us has been reappraised and rates are low. what will the the refinance amount be based on, the original loan or the current devalued amount.

Herman

Stanley W asked:


as we all know,properties through out the us has been reappraised and rates are low. what will the the refinance amount be based on, the original loan or the current devalued amount.

Karen

Criddle asked:


I am getting ready to close on my refinance. I called my current lender to make a payement and they advised me not to make a payment this close to closing because it will just be returned back to me because the amount is included in my payoff. How accurate is this? Will I now have to pay that at my closing?

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pnut58 asked:


My husband and I bought a manufactured home back in 2001. Unfortunately, we were very inexperienced and did not understand that having money down at closing was so important. At the time, we also had bad credit, but the dealer was determined to sign us. We ended up buying down 7 points and rolling it into the cost of the loan along with the other closing costs in order to lower our interest rate into something we could afford. It was lowered from 12.5% to 10.75%. We have always made timely payments for the last 6 years, but would like to refinance to get the incredibly high interest rate down. Our current lender says that 10.75% is their lowest rate, and our credit union won’t finance due to the negative equity. The house is appraised at $81,000 and we still owe $92,000 on the loan. I’ve heard that there are loans available for 125% of a home’s value, but not if it’s manufactured. Does anyone know of any alternatives or have any useful suggestions to help us?
Also, just to clarify, the house is attached to a permanent foundation on a piece of land that my husband and I own.

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Big Joe asked:


Someone told me that it’s possible to refinance a car. But North Carolina State destroys your title until it’s paid off. Can I refinance my car without my title?

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