Question by trose1027: Is 5% good for a 30 year mortgage refinance? I have a credit score of 800 and my debt to income ratio is about 33%. The closing costs without home owners or taxes figured in are about 3k. I live in Florida Best answer: Answer by Ryan M 5% is near HISTORICAL [...]
Question by emmaj224: FHA loan underwriter? Hello to any FHA loan underwriter…what happens after your file is turned into underwriting? I have been waiting for a week to find something out and it seems it gets passed from one person, to another person. Also- today I had to sign a “Direct Endorsement Approval for a [...]
The Federal Trade Commission announced last week that all foreclosure rescue firms and loan modification companies currently operating in the United States are prohibited in collecting advance payments from clients. This is in response to the overwhelming reports of fraudulent activities in the loan modification industry. Many homeowners claim that there are experts who ran out after receiving up fronts from their desperate clients. This results to the increasing number of foreclosure activity in the country which adversely affects the whole U.S. economy.
Question by shawnj985: Refinance my mortgage and home equity loan? I have started the process of refinancing my home equity loan from 9% to a lower rate. It currently has a balance of $ 10K. I have also started the process of refinancing my home mortgage from 6.8 to around 5 something hopefully. It has [...]
Question by McCardle D: Are there any surprises to look out for with a home loan loan refinance? Best answer: Answer by bigtalltom Adjustible rate mortgages. the upfront refinance costs (can be VERY high) Reverse-amortization mortgages (or interest-only) I’m sure there are others I’m not thinking of What do you think? Answer below!