What is the best way to consolidate my debt? I have a mortgage and want to refinance, add my debt to new loan?
- Depends on the value of your house and the interest rate you are paying currently. Rolling your debt into the mortgage is not a bad plan, IF, you are not going to run the debt up again
- Refinance, if you scenario fits personal loan= no bueno, looks bad on credit like BK
- Depending on how long you have had the loan. Most loan companies will not allow a refinance for at least a year or two. As an all interest loan, do you have some equity to use? If you can overcome those problems, then it's better to do it in a refi, or maybe a second. In both cases you would be able to claim the interest as tax deductible
- It might be hard refi - ing a jumbo loan these days. Getting additional cash out might be impossible and a very bad idea to begin with
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since alot of ppl is giving up their house, then would not it be easier to refinance home mortgage?. no. refi conditions and and requirements have greatly tightened. you can get help in here mortgagewallet.com. they always had that chance. the problem is they are under water so to speak (bad credit mortgage refinance)
i want to know about how to modify our loan and refinance our mortgage. same way you got your first mortgage. talk to your lender first then try others. for a refinance talk to your lender or broker but if you need a loan modification or principal reduction if you (mortgage loan refinance)
especially if you're on a five year adjustable rate?. when the numbers add up in your favour. when you feel the interest is lower than the cost of your adjustable rate fluxuates up in better times. unless one is desperate and must have the funds asap, the current interest rate (mortgage loan refinance)
Knowledge Base: Mortgage Refinancing
does anyone have any suggestion? where to look, what to stay away from or tricks of the trade. made a poor decision on our present mortgage and do not want to do a repeat. am locked in on present note for 45 more days and then we want out. looking (best refinance mortgage)
hey kevin, it may sound left field, but i'd go for an interest only mortgage. you can take the difference in payment and put it in a vehicle that's safe, liquid, and earning interest even a savings account. most do not do it because most do not understand the risk (mortgage loan refinance)
i am looking for the best plan as in: - not getting my face ripped off in closing cost - not increasing my current interest rate of 5. 8 to something over 8% - not having to pay thousands in points it seems i am having the same dilemna as (mortgage refinance rates)
i want to know about how to modify our loan and refinance our mortgage. same way you got your first mortgage. talk to your lender first then try others. for a refinance talk to your lender or broker but if you need a loan modification or principal reduction if you (bad credit mortgage refinance)
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Knowledge Base: Mortgage Loan Refinance
lower interest rate that is not adjustable, simply put. there is rarely a point in refinancing if you cannot get a better rate than what you currently have, and steer clear of adjustable rates that lure you in with a teaser rate. fixed rate! no adjustable and surely not a (mortgage loan refinance)
i was told by quicken loans that i would be able to refinance my 30 yr loan 6 months after i get it. could this be something bad? it seems too good to be true since most lenders make you wait more. any one know of any consequences?. you would (mortgage loan refinance)
yes. you can know better information at faoph. notlong.com. refinancing is basically paying off one loan with the proceeds from a new loan secured by the same property. in other words, you?re taking a loan to pay off another loan and securing it with your property. it?s often done to (mortgage loan refinance)
fico scores range from 585 - 621. self employed, bankruptcy within past year. do not care about interest rates. honest, kind answers only, please. no doc mortgages are really in disfavor because they caused much of the mortgage mess. if they are available to anyone, it would require a higher (mortgage loan refinance)
i have a recently purchased condo in dc with a value that continues to tank with the economy. currently have 2 mortgages on it making the ltv somewhere in the neighborhood of 110 percent. looking to refinance i have relatively high income, excellent credit property value approximately $250, 000 and (mortgage loan refinance)

