Question by ARNITA G: is it better to have a equity loan or a refinance home loan? Best answer: Answer by Bill K If you get an equity loan you will have two payments each month, one for your regular mortgage, and the other for the equity loan. Refinancing may mean a different interest rate, [...]
I want to refinance my mortgage to decrease my monthly payments. I have heard some people suggest interest deferred loans. How do they work? What is their downside?
Question by GirlNextDoor: Should we shop at around at diffrent banks for mortgage rates? My husband and I are first time home buyer’s. We didn’t kow if it was better or worse to let several banks run pre-approvals. I wasn’t sure if it would hurt our credit for a bunch of diffrent people to pull [...]
Question by Sally Skellington: When is the best time to refinance your home? I live in a condo, and we have a 100% mortgage. We have to pay mortgage insurance because it is not under 80%. So now our home is worth 170,000 and we paid 140000 for it, and we bought it in february. [...]
Question by Gerry Legal: Should I refinance my 30 yr fixed mortgage? Hi I received an offer to refinance from mortgage company. I have a 30 year fixed mortgage that I have paid off for 2 years now, I never miss a payment and always pay extra so they probably consider me a good customer. [...]