I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress. The main problem is that because of the current market, I owe more than what it is worth.
Is this possible without bringing any money to the table for closing?
Posts Tagged ‘My’
Can I Refinance My Mortgage With No Closing Costs If I Owe More Than It Is Worth?
Sunday, June 28th, 2009Can I Refinance My Mortgage With No Closing Costs If I Owe More Than It Is Worth?
Saturday, June 27th, 2009I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress. The main problem is that because of the current market, I owe more than what it is worth.
Is this possible without bringing any money to the table for closing?
Can My Apprasial For A Home Equity Loan Also Be Used To Get Pmi Off Of My Mortage?
Friday, June 26th, 2009I am starting my own business and need start up cash. I bought my home last year for 209000, but it was way undervalued. Several smaller homes in my neighoorhood have sold for about 230000. The principal remaining on my loan is 205000. If I take out a home equity loan for 40K and can get my house appraised for 250K while reducing my principal to 200K I can eliminate PMI and roll that money (and then some) into the payment for my home equity loan. Will my mortgage company accept the home equity loans company’s appraisal (it should be done by an outside company). Also, the reason I layed out so much information is because I am also fishing for any advice I can get on this situation. Thanks for any input at all!
Can I Refinance My Mortgage And Home Equity Line Of Credit Together?
Friday, June 26th, 2009For example, I take both loans and refinance them together as 1 loan with a 30 year loan?
Can My Husband Take Out A Home Equity Loan Without My Name?
Thursday, June 25th, 2009My husband and I are interested in taking out a home equity loan for home improvments and debt con.. Both of our names are on the current 1st. mortgage, but we would like to have the equity loan in just his name, we believe that adding my name will only hurt our chances of getting the loan. I am unemployed, in college, and have a lot of student loan debt (that is still in deferment) what shoul we do!
If I’m Current On My Mortgage But Am Ready To Default On My Home Equity Loan,what Will Happen To My Home?
Thursday, June 25th, 2009I currently owe 60000.00 on my original mortgage loan and 25000.00 on my home equity loan the 2 are from different financial institutions.My home was used of course as collateral for the equity loan,what happens to my house if im current on the mortgage but maybe defaulting soon on the equity loan???
How Can I Refinance My Mortgage Without Putting Money Down For Closing?
Wednesday, June 24th, 2009I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress.
Is this possible without bringing any money to the table for closing?
I’m Looking To Refinance My Mortgage, I Have 96 Months Left To Pay On My Existing One And I Have A Home Equity
Wednesday, June 24th, 2009line of credit.Im wondering if I should just refinance the mortgage only? the mortgage and home equity together?I have an 8.25 interest rate on the first mortgage,7.20 on the equity, I was looking into an enhanced refinancing option.Also i took the equity to fix/remodel some of the house,if i add that to the refinancing I havent the money to use to do the much needed repairs,,,any help
Can I Skip My Last Mortage Payment And Use It To Pay $1000 Off Of My Home Equity Loan Before Closing?
Tuesday, June 23rd, 2009I have a Mortgage payment due Novemeber 1. The place is going to be sold Novemebr 14. I was going to take the money I would use to pay the mortage and take $1000 off of the home equity loan (Principal) so it is that much less that I have to pay out of pocket at closing. Is this smart or dumb?
Can I Skip My Last Mortage Payment And Use It To Pay $1000 Off Of My Home Equity Loan Before Closing?
Tuesday, June 23rd, 2009I have a Mortgage payment due Novemeber 1. The place is going to be sold Novemebr 14. I was going to take the money I would use to pay the mortage and take $1000 off of the home equity loan (Principal) so it is that much less that I have to pay out of pocket at closing. Is this smart or dumb?