May
22
Is a mortgage refinance a good option for me? (revised)?
Filed Under Renting & Real Estate | 2 Comments
ssfblackmagic
Is a mortgage refinance a good option for me?
Scenario: 1st. mortgage owed is a fixed rate $42,000.00 at 5.125% and 11 years left to pay off. Also a HELOC owed is $22,500.00 at current rate of 4% for 16 years to pay off.
Max cap is 12.9% on the HELOC.
I want to refinance to a new 10 year mortgage combining both at a fixed rate of 5% for $68,500.00. Zero points. (Closing costs of $3000.00 rolled into new mortgage). Home value is approximately $130,000.00.
Am I making a smart move?
Is a mortgage refinance a good option for me?
Scenario: 1st. mortgage owed is a fixed rate $42,000.00 at 5.125% and 11 years left to pay off. Also a HELOC owed is $22,500.00 at current rate of 4% for 16 years to pay off.
Max cap is 12.9% on the HELOC.
I want to refinance to a new 10 year mortgage combining both at a fixed rate of 5% for $68,500.00. Zero points. (Closing costs of $3000.00 rolled into new mortgage). Home value is approximately $130,000.00.
Am I making a smart move?
May
21
Personal Finance Uk: All Expenses Will be Paid Easily Now
Filed Under Refinancing Loan | Leave a Comment
George Bell
Maintaining a good lifestyle is very high on the priority list for some. They believe in living with a pre-set standard irrespective of the fact that they are facing momentary financial crisis. For such people, personal finance UK is highly helpful in providing money for the requirements of the people.
Personal Finance UK is available to the borrowers for their personal expenditure which may be the basic or the luxury needs. Money may be spent on needs like home improvement, car purchase, debt consolidation, wedding expenses, club memberships, vacation trips, etc. personal finance UK arranges money for all such needs.
Personal finance UK can be availed by the borrower in two ways, depending on how much money they want to take and the availability of asset with the borrower. If the borrower is ready to pledge collateral, he can take up secured form of personal finance UK. He can take up a higher loan amount also through secured personal finance UK. A range of £5000-£75000 is available for the borrower to take up money for his needs for a term of 5-25 years.
For a lower amount, the borrower can take up the money without pledging collateral with the lender. This is the unsecured form of personal finance UK which offers money in the range of £1000-£25000 for the borrower to fulfill his needs. The money can be repaid in a term of 6 months to 10 years.
The rate of interest for unsecured personal finance is higher than the secured option. This is so because the borrower pledges his asset which is a security for the repayment of the loan amount. So the borrower is offered a low rate in secured personal finance UK. This is also a good chance for bad credit borrowers to take up money at low rate of interest. Otherwise also, they can research for low interest rate deals online easily.
Personal finance UK gives an opportunity to people to maintain their lifestyles and live their lives with standard by providing them money to overcome temporary cash fixes.
Maintaining a good lifestyle is very high on the priority list for some. They believe in living with a pre-set standard irrespective of the fact that they are facing momentary financial crisis. For such people, personal finance UK is highly helpful in providing money for the requirements of the people.
Personal Finance UK is available to the borrowers for their personal expenditure which may be the basic or the luxury needs. Money may be spent on needs like home improvement, car purchase, debt consolidation, wedding expenses, club memberships, vacation trips, etc. personal finance UK arranges money for all such needs.
Personal finance UK can be availed by the borrower in two ways, depending on how much money they want to take and the availability of asset with the borrower. If the borrower is ready to pledge collateral, he can take up secured form of personal finance UK. He can take up a higher loan amount also through secured personal finance UK. A range of £5000-£75000 is available for the borrower to take up money for his needs for a term of 5-25 years.
For a lower amount, the borrower can take up the money without pledging collateral with the lender. This is the unsecured form of personal finance UK which offers money in the range of £1000-£25000 for the borrower to fulfill his needs. The money can be repaid in a term of 6 months to 10 years.
The rate of interest for unsecured personal finance is higher than the secured option. This is so because the borrower pledges his asset which is a security for the repayment of the loan amount. So the borrower is offered a low rate in secured personal finance UK. This is also a good chance for bad credit borrowers to take up money at low rate of interest. Otherwise also, they can research for low interest rate deals online easily.
Personal finance UK gives an opportunity to people to maintain their lifestyles and live their lives with standard by providing them money to overcome temporary cash fixes.
May
19
TPhi
We are taking advantage of the really low interest rates on home mortgages by refinancing our home. We have excellent credit history, an excellent credit score, and have been employed with the same companies for many years. We have been loyal customers of this bank for over 30 years. They are charging an origination fee of 1% of the total amount refinanced. There are other fees that I know aren’t negotiable, but I was wondering if there’s a chance the bank would reduce the origination fee by half since we’ve been good customers for so long. And we’ve had our house financed with them for 10 years.
We are taking advantage of the really low interest rates on home mortgages by refinancing our home. We have excellent credit history, an excellent credit score, and have been employed with the same companies for many years. We have been loyal customers of this bank for over 30 years. They are charging an origination fee of 1% of the total amount refinanced. There are other fees that I know aren’t negotiable, but I was wondering if there’s a chance the bank would reduce the origination fee by half since we’ve been good customers for so long. And we’ve had our house financed with them for 10 years.
What do you think?
May
18
What Loan company will take over my federal student loans when the loans are in forbearance?
Filed Under Financial Aid | 1 Comment
Dat_1_Chiq
What Loan company will take over my federal student loans when the loans are in forbearance so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under $5000.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.
What Loan company will take over my federal student loans when the loans are in forbearance so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under $5000.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.
May
18
Which type of lending institution is better for a home mortgage; a mortgage company or traditional bank?
Filed Under Renting & Real Estate | 5 Comments
*PJ*
I’m not a first time home buyer. What are the pros and cons of using bank financing versus mortgage company financing to find the most competitive interest rates? This is for a home purchase, not refinance and my credit is excellant.
I’m not a first time home buyer. What are the pros and cons of using bank financing versus mortgage company financing to find the most competitive interest rates? This is for a home purchase, not refinance and my credit is excellant.
May
18
Online Personal Finance Software Can be Used Anywhere
Filed Under Personal Finance | Leave a Comment
Jeff Nelson
Many people don’t understand the concept of online personal finance. This is because up until recently, the only way for many people to deal with their finances was through hand written calculations, hand-written reminders, and by dealing with their bank. Well this has all changed with the use of online personal finance programs, not only do online finance programs allow customers to track all aspects of their finances but with many programs these services are free!
The best thing about online personal finance software is that it isn’t like doing business with a person. The services that it provides are available at anytime of the day or night, as long as you have an Internet connection. This means you can check on your bank accounts, credit cards, payments, and investment accounts from anywhere in the country, even out of the country if you have proper internet connection. Another benefit to using personal finance software is that is it normally quick and easy to use. The layouts of the programs used are very easy to follow so if you aren’t the most tech-savvy person there is no need to worry. Also, signing up for online financing software is very easy it takes less than 10 minutes and the benefits can help you for the rest of your life.
If you are nervous about using the internet to deal with your finances there is no need to worry. Many Online Personal Finance software programs use the same protection and security that banks use, this lowers the chances that your personal information could be leaked through the internet into another person’s hands. For services like this one of the top priorities is the safety of the clients money and making sure that it is kept private. Also, it is very unlikely that with any online personal finance software programs that you will be allowed to move money in and out of accounts. The goal of this software is to help you keep track of your money, not move it around. This should make you feel better about the use of the program.
Another huge benefit to using online personal finance software is that at any time of the day your information is up to date and ready to be looked at. This can be a great tool if you are in the supermarket and don’t know if you have the money to spend on a few additional groceries. This can be a great budgeting tool when you are looking to save money, especially right now with the economy in such poor shape. Using this software to budget and calculate your money will help you stay on top of your priorities.
Many people don’t understand the concept of online personal finance. This is because up until recently, the only way for many people to deal with their finances was through hand written calculations, hand-written reminders, and by dealing with their bank. Well this has all changed with the use of online personal finance programs, not only do online finance programs allow customers to track all aspects of their finances but with many programs these services are free!
The best thing about online personal finance software is that it isn’t like doing business with a person. The services that it provides are available at anytime of the day or night, as long as you have an Internet connection. This means you can check on your bank accounts, credit cards, payments, and investment accounts from anywhere in the country, even out of the country if you have proper internet connection. Another benefit to using personal finance software is that is it normally quick and easy to use. The layouts of the programs used are very easy to follow so if you aren’t the most tech-savvy person there is no need to worry. Also, signing up for online financing software is very easy it takes less than 10 minutes and the benefits can help you for the rest of your life.
If you are nervous about using the internet to deal with your finances there is no need to worry. Many Online Personal Finance software programs use the same protection and security that banks use, this lowers the chances that your personal information could be leaked through the internet into another person’s hands. For services like this one of the top priorities is the safety of the clients money and making sure that it is kept private. Also, it is very unlikely that with any online personal finance software programs that you will be allowed to move money in and out of accounts. The goal of this software is to help you keep track of your money, not move it around. This should make you feel better about the use of the program.
Another huge benefit to using online personal finance software is that at any time of the day your information is up to date and ready to be looked at. This can be a great tool if you are in the supermarket and don’t know if you have the money to spend on a few additional groceries. This can be a great budgeting tool when you are looking to save money, especially right now with the economy in such poor shape. Using this software to budget and calculate your money will help you stay on top of your priorities.
May
17
Mortgage, Refinance, Debt Consolidation, Construction, Home Improvement?
Filed Under Search Engine Optimization | 1 Comment
Wishkah
I’m a loan officer for Access Mortgage and Financial, we do 500+ credit scores. Contact me toll free at 877-LOAN-103 and ask for Josh. We do first time buyers, home improvement, debt consolidation, re-finance and more. We handle all credit scores, good or bad. Don’t ever pay for a loan application, they are free and can be done over the phone. You can contact me by phone, email, IM. Please only serious inquiries. We are currently licensed in 14 states
Hmmm, this is the advertising/marketing section so why can’t I advertise? I feel like your answer is violating guidelines, you didn’t answer the question, you stated your opinion and got 2 points for it. Let the people at yahoo worry about me. And if anyone out there is seriously interested please contact me. For those of you who just want to criticize then save your 2 points for a real answer to someone who will appreciate it.
I’m a loan officer for Access Mortgage and Financial, we do 500+ credit scores. Contact me toll free at 877-LOAN-103 and ask for Josh. We do first time buyers, home improvement, debt consolidation, re-finance and more. We handle all credit scores, good or bad. Don’t ever pay for a loan application, they are free and can be done over the phone. You can contact me by phone, email, IM. Please only serious inquiries. We are currently licensed in 14 states
Hmmm, this is the advertising/marketing section so why can’t I advertise? I feel like your answer is violating guidelines, you didn’t answer the question, you stated your opinion and got 2 points for it. Let the people at yahoo worry about me. And if anyone out there is seriously interested please contact me. For those of you who just want to criticize then save your 2 points for a real answer to someone who will appreciate it.
May
16
Mortgage Refinance right for mom?
Filed Under Renting & Real Estate | 5 Comments
celebulinny
My mom has a house worth about $130 k. She has about $50 k equity. She needs a lower payment because my dad died and he was the main income provider. Is there a way to get her payments down?
My mom has a house worth about $130 k. She has about $50 k equity. She needs a lower payment because my dad died and he was the main income provider. Is there a way to get her payments down?
May
16
jennifer m
Two days before I cloed my pmi went up 800 dollars. I now pay 800 a month just for private mortgage insurance. I have made all payments on time for a year. I just want it to be lowered to what is normal. O yeah and with this market i have no equity to refinance!
Two days before I cloed my pmi went up 800 dollars. I now pay 800 a month just for private mortgage insurance. I have made all payments on time for a year. I just want it to be lowered to what is normal. O yeah and with this market i have no equity to refinance!
May
15
mpbclutch33
My girlfriend and I split and I am trying to get her name off the loan but making the mortgage on my own is going to be really hard. I have a 6.25% fixed for 30 years. We got closing cost help for being first time home buyers, but the stipulation was you can not sell or refinance for the 1st 5 years I believe. Someone was telling me that has now changed to help with the housing crisis. Could someone point me in the right direction as to whether I can refinance at about 2 1/2 into the mortgage. Selling is not an option FYI…
My girlfriend and I split and I am trying to get her name off the loan but making the mortgage on my own is going to be really hard. I have a 6.25% fixed for 30 years. We got closing cost help for being first time home buyers, but the stipulation was you can not sell or refinance for the 1st 5 years I believe. Someone was telling me that has now changed to help with the housing crisis. Could someone point me in the right direction as to whether I can refinance at about 2 1/2 into the mortgage. Selling is not an option FYI…