Question by Barry K: My mortgage is paid in 5 yrs. How do I refinance at today’s low rates in a 5-year term mortgage? I would end up paying more when the term is longer (10-15 years) even though the rates are 2% higher and I would continue current payment plan. Best answer: Answer by [...]
My mortgage has been sold to CitiMortgage, along with basically all of ABN Amro’s mortgage business. I have had mortgages with ABN Amro for the past decade, I liked their service, and they never sold my mortgage. My question is, I know that each lender discloses the percentage of mortgages they anticipate selling (ABN Amro [...]
Question by veebeerah: Owning a home for only a year, should I refinance? I’ve own a home in MA for a year now. Rates are lower than ever. Should I refinance? Best answer: Answer by Suzi It really depends on what your current rate is versus what you can get right now. You should talk [...]
My friend owns a property and casualty agency..this agency wants to begin working with a bank (assosciated with NAMIC) to be the middle man and basically go find people who want to refinance and do all the paperwork and then have the bank handle the processing. My question deals with the inherent problems that this [...]
I read public records when doing RE research so I’m wondering. I guess that only second and reverse mortgages show. And why would someone choose a second mortgage vs home equity loan?