Category archives for: Mortgages

Should I get a fixed rate mortgage if I plan to remodel right away?

Mortgages

Question by ounlopez: Should I get a fixed rate mortgage if I plan to remodel right away? Hi all, I am planning to buy a house with 5-10% down, but I want to remodel the kitchen and bedroom within the next two years. I expect this will add to the value of the house, making [...]

How long do you have to wait to refinance on a home loan?

Question by jason m: How long do you have to wait to refinance on a home loan? I got lied to and screwed over when I bought my house three months ago. I need to refi ASAP. How long do I have to wait? I live in Nevada if that matters. Best answer: Answer by [...]

Should I refinance my fixed 15 year 5% mortgage for a fixed 30 year 5.75% mortgage to free up cash flow???

Mortgages

Question by JimBillyJoeBob: Should I refinance my fixed 15 year 5% mortgage for a fixed 30 year 5.75% mortgage to free up cash flow??? I am thinking of refinancing so I can free up monthly cash flow to invest. I have been looking at a refi from www.madrate.com and they offer a $ 289 fee [...]

I have a loan modification and they are not removing any late fees or back payments. Has anyone?

Mortgage

Question by alex G: I have a loan modification and they are not removing any late fees or back payments. Has anyone? had their loan modification completed and not have to pay these fees. Should I negotiate that. The back payments accumulated by the adjustment of my interest rate. Best answer: Answer by MM C [...]

How can you refinance a home loan with a NEGATIVE equity?

Mortgage

Question by kookoo4travel: How can you refinance a home loan with a NEGATIVE equity? Adjustable rate has taken our mortgage payment from $ 1,800 per month to $ 3,000! Best answer: Answer by laguy82 Well, you do have a couple of options and depending on a couple of factors…i.e how negative you are on your [...]

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