I have a mortgage of 200K.I have a first mortgage of 160K at a fixed rate of 5.785% over 30yrs. and the 2nd one’s 40K at 9.00% fixed.Now,the value of my place went up to about 350K in the last 4 years.Should I stay with my current plan or should I re-finance? And if I do,which way should I go? Home Equity loan or Home Equity line?
Posts Tagged ‘What’s’
What’s The Difference Between A Home Equity Loan And A Home Equity Line Of Credit?
Saturday, June 27th, 2009What’s The Best Indication Of A Good Refinance Mortgage Loan?
Wednesday, June 24th, 2009fixed rate! no adjustable and surely not a wat is being marketed hyybrid ARM you want a fixed rate mortgage any term that works
your APR is not that much different than your interest rate! is a good indacation. look for the best interest rate and APR if you get a great rate and the apr is NOt that far off you have a great loan!
try to get the best rate if you have the equity let the lender wrap your closing costs into the loan but be aware of all charges! if they are over charging you it will show with the APR. now if they show yield spread and it looks high just so you know yieldspread is money the bank gives the broker to overcharge you in your rate.
i must say they’re are many lenders that dont condone this practice. But it is very real a big reason we are in the mortgage mess and the rate of foreclosures are so high is from greedy overzellous brokers and banks
Whats The Difference In A Home Equity Loan And A Line Of Credit?
Friday, June 19th, 2009I know what a home equity loan is but not sure about a line of credit-which one would you recommend?
What’s A Good Company To Refinance My Mortgage With In Boston/ma?
Monday, June 15th, 2009I got my mortgage in September at 6.5%. Rates have now dropped. The people I’m with say they won’t refinance even though their rates are at 5%. What’s a good company to refinance with in Boston area in Massachusetts?
Thanks.
What’s A Good Mortgage Refinance Rate Right Now?
Friday, June 12th, 2009Looking at refinancing a home loan. I have over 25% equity in my home and an excellent credit score. Currently paying 6.5% on a 30-yr fixed and I know I can do better. What rates are out there in the market right now? Looking for fixed 15 years minimum or adjustable 5 years or more.
What’s The Current Minumum Fico Score For Doing A Stated Home Mortgage Refinance Deal?
Friday, June 5th, 2009i want to refinance my home,but my broker tells me that the minumum fico score is constantly changing,so,i want to exactly know what is the minumum score to do a stated refinance mortgage deal right now?