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

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

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

cb1980 asked:


I just bought a house 4 months ago at 6.5%/30 fix through a FHA loan. Obviously rates have now nose dived, can i refinance with another company to take advantage of these lower rates- even if its not an FHA loan?

Oscar

dickenerfelheimer asked:


We 've only been in for 1 year so don' t have much equity. ¿189,000 pay him - how much do we need?

Lori

Cale L asked:


We put our house on the market a few months ago - no offers yet. We have since found a new house in another area (we have to move there for work). I would like to refinance our current house to lower the payments because paying two mortgages is not fun. Can I refi if our house is on the market? Any suggestion as to lenders who do this? We have excellent credit - just want to save some money during our transition until the current house sells. Thanks.

Rose

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

dj51234 asked:


I need a cosigner for my student loan this semester which would probably be around $9,000 in January. My dad wants to refinance his house in April but wants to cosign for me. Will he be able to? He has good credit and it is still going to be in my name.

Carrie

Kirk A asked:


I want to refinance my house and take 40k out for a down payment on a rental property. Is the 40k taxable if I use it for the down payment?

Caffeinated Content

clf224 asked:


What are the pros and cons of refinancing? I recently inherited a house and am almost done paying the mortgage. Should I refinance (and if so, do what with the money?) or just pay the house off? Please advise.

Caffeinated Content