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You can refinance as soon as you would like to. Let's assume you are trying to refinance to lower your monthly payment. The variables you want to understand are 1) what is your current rate and payment?, 2) what would be the future rate and payment?, 3) what are the closing costs associated with the loan? and 4) how long will you plan on living there? Essentially, you are looking at a return on investment. The investment is the closing cost of the loan (points, fees, title search, etc.). The return on that investment will come to you in monthly installments in the form of a lower mortgage. What you want to do is understand what the reduction in your monthly payment will be. Then, get an understanding of your total closing costs. Divide your total closing costs by the net reduction in your monthly payment and this will tell you how many months it will take to breakeven on your refinance investment. Keep in mind, the above scenario is comparing "like kind" loans (30 yr. fixed vs. 30 yr. fixed).
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What do you have to do to refinance your mortgage?
You have to go to the bank that has the loan on your house. They will have you fill out a bunch of paperwork. After that they will refinance your house.
Can I refinance my mortgage if I have low equity in my house?
Yes it is possible to refinance your house if you have low equity. But you must have at least 20 percent equity before your refinance will be apporoved.
What are the benefits of purchasing mortgage refinance leads?
There are a few benefits to purchasing mortgage refinance leads. The most important is that these are individuals who already are looking to refinance their mortgages. Secondly, mortgage leads are often qualified before being sold. The company selling the lead will ensure that there are qualified and real individuals behind the lead.
How soon after getting a bankruptcy discharged and getting an FHA refinance can you get another refinance?
You may refinance any time that the refinance improves your financial situation. If you are interested in a no obligation - free detailed analysis - of your situation, please contact me. I am an FHA specialist.
Why do people Refinance a house?
People refinance a house because they need money quickly. They might need money for a sudden illness, unexpected home repair or job loss. They also might refinance if the interest rates are low enough.
How soon could you refinance after you purchase a car?
As long as your current loan shows on your credit and can be accessed by the refinance company, you can refinance anytime. There is no set time to refinance.
What do you have to do to refinance your mortgage?
You have to go to the bank that has the loan on your house. They will have you fill out a bunch of paperwork. After that they will refinance your house.
Can a husband refinance a house in California without his wife being involved in the payment of the loan but still stay on the title?
She will have to "quit-claim", come off the title of the home. An attorney will do this for you. But as soon as you refinance, she can be placed back on the title.
Can I refinance my mortgage if I have low equity in my house?
Yes it is possible to refinance your house if you have low equity. But you must have at least 20 percent equity before your refinance will be apporoved.
What are the benefits of purchasing mortgage refinance leads?
There are a few benefits to purchasing mortgage refinance leads. The most important is that these are individuals who already are looking to refinance their mortgages. Secondly, mortgage leads are often qualified before being sold. The company selling the lead will ensure that there are qualified and real individuals behind the lead.
How soon after getting a bankruptcy discharged and getting an FHA refinance can you get another refinance?
You may refinance any time that the refinance improves your financial situation. If you are interested in a no obligation - free detailed analysis - of your situation, please contact me. I am an FHA specialist.
Why do people Refinance a house?
People refinance a house because they need money quickly. They might need money for a sudden illness, unexpected home repair or job loss. They also might refinance if the interest rates are low enough.
How can a person get a refinance mortgage?
An individual can get a refinance mortgage on their house by applying from one. Not everyone would be accepted though because their are some qualifications.
What kind of loan do you get when you refinance your house?
u get a pot load of money
Should you refinance your car loans before or after you buy a home?
There is no set rule on whether or not you should refinance your car loans before or after buying a house. This is your choice.
Can you buy a house and then immediately refinance it to add more down?
yes i think.
If you refinance the house after a year can you take the cosigner off the mortgage loan?
Yes.
