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

erieanna c asked:


My mother signed a home equity loan with my grandfather who has just passed, and I am trying to help her pay the bills but the payment on the house is too high. If she refinances could her payment go down? Are there any other options, or any kind of loans or help from anywhere? I am totally clueless this was very unexpected.

Tom

Nrassm asked:


I’m applying for a Loan. A federal Stafford Loan. Im concerned that I might not get it because the deadline passed since I had to reapply for a Pin number needed to apply which took 7 days to arrive at my house, 2 days past the deadline. Am I screwed? Why is it recommended that I use this kind of Loan. Does it matter?

Joshua

boobiecat asked:


The first loan is a decent interest rate, but the second is high. Can I refinance just the one to get a lower rate?

Ruby

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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