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Q: In California if you refinanced a home loan into a first -80 percent loan and a second -20 percent loan but did not take cash out of the refinance does either loan become a recourse loan?
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What are the California refinance rates?

The refinance rates you can find in California are not the same across the board in California. They can range anywhere between three percent or fifteen percent. Usually they are around four or five percent. The current refinance rates are running between 2.23% and 3.5%. These rates will be variable based upon the credit of the person applying. These rates also change on a daily to weekly basis.


What kind of rates are available at California Refinance?

California rates for mortgage refinancing are at 4.125 percent for the average 30 year fixed mortgage, but if a person wanted to refinance to a 5/1 ARM their rate is at an all time historic low of 2.125 percent which is, at the current time, the best choice to refiance to because the mortgage rates will not steadily increase drastically for a long period of time to come.


What are the lowest refinance mortgage rates?

The lowest mortgage refinance rates are currently around 2 percent.


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.


Do you need an appraisal for a fifty-percent loan to value ratio refinance?

No, you do not need to have a fifty-percent loan to value ratio to refinance. There are many many loan programs that will allow you other ratios and consider an overall financial picture of the situation so that you can refinance.


Is there a law that says when you refinance your home you get a 4 percent discount or 4 percent rebate for refinancing?

No, there isn't.


What are current refinance rates in the US?

The average refinance rate in the united states is currently at a record low. A 15 year loan is as low as 2.61 percent. For a 30 year loan it is a mere 3.4 percent.


If I currently don't pay PMI but refinance and my home value has decreased to having less than 20 percent equity would I now have to pay PMI if I refinance?

Yes you will.


If your chapter 7 bankruptcy was discharged six weeks ago what are your options for a refinance?

You can quite possibly refinance up to 80 percent of the value of your home and get some cashout with a decent rate.


What percent of California is water?

About 4.7 percent.


Why is it bad to do a 100 percent refinance?

If you refinance and you don't have enough equity in your home, then you are paying refinance fees and adding to your debt, plus your house isn't worth what you are paying so there is more liability to the bank. Banks don't like to take risks on the owner defaulting since they rarely get what the house is worth if they have to foreclose.


What is a 125 percent refinance home equity loan?

According to information that is available to view on finance websites that offer information about loans and how they work, the information states that a person or persons owning a property may be able to secure a 125 percent refinance equity loan with the condition that it is not to pay another loan or debts off.