Loan Info Search - Q&A: refinance

Question: #2: Refinance?????
I have heard that mortgage rates are really low right now. Does that mean that it would be a good idea to refinance my mortgage in order to get a lower rate? How do I do the math to figure out if it would be worth it or not? Are there any hidden costs or fees in a refinance? - asked by MikeyJ

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Question: #3: How fast should i refinance my car loan?
Car loan is 17000 dollars apr is 17 %. Dealer told me that i can refinance in 4-6 months, but i think he lied to me. Bank told me that i can refinance only once.So 4 months passed.SHould i try to refinance it or wait at least 12 months???Thank you. - asked by cooler

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Question: #5: Is it possible to refinance after you get a loanmodification?
I recently got a loan modification and it is going great. However, I am interested in refinancing to include my home equity loan. Is that possible or can you not refinance once you have gotten a loan modification. - asked by Sally

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Question: #6: Is there a new refinance program that forgivesnegative equity and refinances the house atcurrent value?
I heard about some new government loan where if your home has dropped in value, the government will absorb the depreciation and refinance your house at its current market value. I just bought my first house in August of 2008 for $275,000 which was a foreclosure and the other foreclosed homes surrounding me are now being offered in the $240,000 range. So in 4 months I've already lost around $35,000 in value. - asked by hotguyfromrincon

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Question: #7: is it possible to refinance a heloc withoutrefinancing your first mortgage?
I have a good rate with my first mortage at 4.25 fixed for 15 years. I also have a heloc that is adjustible and is at about 8.5 percent right. I would like to refinance the heloc without loosing the rates on the 1st. Is there such a thing? - asked by JustSomeGuy

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Question: #9: Is refinance a must to convert my primaryresidence into an investment property?
I am buying another home and making it my primary residence. I am planning to rent out my current primary residence, on which I have mortgage, thereby making it an investment property. Does that invalidate the mortgage terms because the mortgage was issued with the condition that the property be used as a primary residence. Do I have to necessarily refinance it by classifying it now as an investment property?Thanks in advance for any help. - asked by Chakravarthi Chigurupati

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Question: #10: Can you refinance a interest only constructionloan prior to converting to conventional?
My wife and I recently moved into a new home which we are still paying interest only on the loan. We also just sold our other home and would like to put the money we made off of it down on the loan. Can we put the money down when we convert or do we have to refinance? - asked by Timothy M

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Question: #11: How hard is it to refinance your home as a rentalproperty?
Our current mortgage needs to be refinanced no matter what we decide to do, but we are considering using the home we live in as a rental and buying another house to live in. Our mortgage now requires that we live in the home. How difficult is it to refinance as a rental property? Our credit is good. Has anyone out there done this? - asked by edernshelm

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Question: #13: I want to refinance What is the best mortgage rateavailable?
Am looking to refinance but not without doing a bit of research first on the best possible mortgage rate. - asked by Jay

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Question: #14: How long should you be employed before qualifyingto refinance an auto loan?
I would like to lower my monthly payments by refinancing my auto loan. I have a good credit score to refinance (700s). I was recently unemployed (from October to February). However, I am about to start a new job this March 1.How long should I be employed to qualify for an auto loan refinancing? (if there is such a requirement)Thanks, I appreciate it. - asked by Chris

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Question: #15: Can you refinance while your home is on the marketfor sale?
Our home has been on the market for a while now. We need to refinance to lower monthly payment. Can we refinance a home thats for sale? - asked by MC

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Question: #17: Can I refinance my home with a good credit scorebut not much credit?
I started buying my home a year ago and I didn't have credit then so I bought an owner financed home that had 12% percent fixed loan, which is why I want to refinance. My credit score is 718 but I have very little credit activity because I have never had a credit card or anything, I usually just pay cash instead of making payments. Will I be able to refinance? - asked by Jersey D

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Question: #18: Is it possible to refinance a home with bad creditand no job?
Heres the situation. My mother is a homeowner and has poor credit and is not employed. The house is valued at $400,000+, the remaining balance to pay off is $260,00. She has been turned down a couple of times. So is it still possible for her to refinance or any other options? Thanks.Me and my sister still live at home and pay her monthly to cover the house payment and all bills. We just want to get a lower monthly payment and pay some debts. - asked by infinite357

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Question: #19: How to refinance a car with horrible credit and noequity?
I have a brand new Ford Focus just bought it fresh off the floor and have a cosigner, but we need to refinance it now and have horrible bad credit. Can anyone help with how to refinance a car with bad credit and no equity? - asked by S H

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Question: #20: Should I REFINANCE a construction loan to apermanent loan OR convert to a permanent loan?
It seems that interest rates are much lower for refinancing existing loans, as opposed to new loans. I have a construction loan which doesn't expire for a few months, would it be better to refinance the construction loan to a permanent mortgage or do a construction to permanent conversion loan? Which will get me a lower interest rate? - asked by Whitney

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Question: #21: How can a person refinance after a bankruptcy yearinto it?
How is the best way to refinance or should I do a loan modification? An who would be the best place for this? - asked by kathy

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Question: #23: What are my chances to refinance if my home tovalue has droped amost to even money?
Wife and I purchased the home a year ago for 475,000 and currently owe 423,000. I hate to say but because of a devorce we have to do something about the house. Is there any way to refinance the house to get a lower payment so the wife can handle the payments on her own? House prices have droped so much in our area that I'm not even sure if we owe more than what the house would now appraise for. Thanks for your help. - asked by Keef

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Question: #24: What is the best way to refinance your home with alower interest rate if your credit isn't the best?
I was wondering what is the best way (who to go to) to try and refinance your home with a lower interest rate. I have no clue where to go! The credit score is pretty low, but still need to lower monthly payments.Serious answers only please and thank you!It's not ME that didn't pay my debts...I got stuck with stuff from my ex husband...that's why my credit isn't what it used to be...thanks! - asked by Me

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Question: #25: How can you refinance a mortgage with no equity?
There are programs for people to refinance loans if they are having financial problems, but what about the rest of us? Are there limits placed on how much you can refinance? - asked by Ramona

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Question: #26: What is the best way to refinance an auto loan?
We just bought a car today with a high apr, we used the dealer's financing. We have a great credit history however our 'auto' credit score is lower than our overall score. What is the best way to refinance an auto loan? Is there a way for us to repair our auto credit score, if so, how? - asked by Bella's Mom

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Question: #27: How do you refinance with the same company youhave the loan through?
I have a loan through Wachovia for my truck. After a year 1/2 of having the truck the payments have become a strain, how or when could I refinance the truck using the same company? (I really enjoy Wachovia, they are great and have helped us before. I would prefer to refinance through them) - asked by Mommy of Lily, Daisy, and Jayson

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Question: #28: How long does it take to refinance a home?
So my fiance and I loaned his mother $10,000. She has to refinance her home and is paying us back when that is all finalized. Her house has already been appraised and she has done it before. Her bank says that she qualifies. She is going into the bank on Monday or Tuesday to finalize thngs.How long should it take to get the money? - asked by Amber T

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