Refinance Mortgage

Question and answers refinance mortgage information

Is it wise to refinance mortgage every few years?
I was just thinking, our mortgage is $450k and we are paying a variable interest rate of 5.59 %.We are 3 years into a 30 year loan and have paid it down to $392k.Does it make sense to refinance the mortgage every few years, ie when it gets to say, $350k, refinance & go get a new loan for $350k because the monthly minimum repayments will be much lower, and then again at say, $250k, $150k etc etc.Obviously we would keep paying as much as we could afford per month ie more than the minimum and get it paid off quicker.I hope this question makes sense

US $295.00

Can we refinance mortgage into only one spouse's name? Please help...Thanks!?
My husband and I have a current mortgage and 2nd mortgage in both of our names. I am now a stay at home mom with no income. My husband has good credit and a decent income. I think he would qualify loan to income ratio wise.I have OK credit and a lot of credit card debt in my name only which is how I paid for college.Is there any reason we can't refinance both mortages into one in his name only? I plan to start my own business and would like to keep my debt down as much as possible. Is this a feasible good idea? If so, would I have to quitclaim the house to him before we apply for the mortgage loan? Would we need to explain to the bank why we are doing this or would it matter?Thanks for your help.

When should one switch refinance mortgage companies?

Cost to refinance mortgage in New York?
What are the average costs to refinance in New York?I want to refinance 360K and was quoted around $5,500 in closing costs.

Best bank to refinance mortgage?
what would be the best bak of choice to refinance my mortgage?

When shopping for a refinance mortgage, what should I be looking for?

Can i cancel my refinance mortgage application if the apprasial hasn't even been done yet? ?
I applied to refinance my house and locked in the rate. An appraisal hasn't been done yet but the rate has dropped 0.5 % so do you think i can cancel my application and go with another lender? Will that hurt my credit ? Thanks

How can a refinance mortgage loan help my finances?

I got a Good Faith Estimate from my refinance mortgage lending company and there are Title search, title?
insurance, Title Exam and Miscellaneou Title fees. These expenses I already paid since I bought the home 2 years ago so do I need to pay again now just for refinance? Please advise, thank you. And what is the best rate now for the 15 years fixed?

Appraisal to refinance mortgage for a home remodel, any tips?
I am having my home appraised Thursday. Other than tidying the place up is there anything I can do to help elevate the appraisal? Does an appraiser physically check the house like a home inspector? Do they verify that all appliances are working? Are they climbing on the roof etc? Thanks

Should I cosign a refinanced mortgage with father in law when I have bad credit?
We live in CA. I live with my father in law and we are in need to apply for refinance w cash out. However, he is retired, has excellent credit, but only makes about $50k a year with combined pensions and social security. The bank was only willing to give him $350k and we actually need $390k. They said the only way they'd allow him the $390k is if I cosign. I have terrible terrible credit a couple of car repos, late payments, behind on taxes, etc... . The bank told him they would just really like my income there I make $60k a year , but I'm afraid if I cosign for him, it would only hurt his chances for a loan. By the way the house is worth about $550k in the current market.Thanks for your feedback.We live in CA. I live with my father in law and we are in need to apply for refinance w cash out. However, he is retired, has excellent credit, but only makes about $50k a year with combined pensions and social security. The bank was only willing to give him $350k and we actually need $390k. They said the only way they'd allow him the $390k is if I cosign. I have terrible terrible credit a couple of car repos, late payments, behind on taxes, etc... . The bank told him they would just really like my income there I make $60k a year , but I'm afraid if I cosign for him, it would only hurt his chances for a loan. By the way the house is worth about $550k in the current market.Thanks for your feedbacketa Thanks for the replies. Another question. I really don't want to explain my situation to him unless I really need to. Can the bank s discuss my information with him without my consent?

Can a refinanced mortgage be forgiven and non taxed if insolvent?
We relocated a couple of years ago and could not sell our home after we relocated. We still have that home and can not sell it for the mortgage amount we owe on it. We have been able to rent it but at a huge monthly loss, and we now have come to our end with nothing left in any bank account... no savings, no 401 K left, only one poor vehicle, and most of our possessions have been sold off to keep afloat over the two years. Our Realtor has suggested a short sale and is speaking with our mortgage company about this. My question is this Can the forgiven amount in a short sale still be non taxed even if the mortgage on that home had been refinanced at an earlier time? I read that a loan forgiveness on a mortgage that has been refinanced might possibly be handled differently than a mortgage forgiveness on a mortgage that has been refinanced. The house that we are looking at for a short sale is located in Virginia and we did refinance earlier on.Can anyone help with info?

5year fixed rate refinanced mortgage, must it pay an interest?
my mortgage term is 25 years. for the first 5 years I've payed what I belive is mostly interest.now, when I refinance do I also have to pay most of the interest within the first 5 years?

What Mortgage Company has the ad running that offers a refinanced mortgage, plus an equity line, plus ...?
credit card that earns dollars that go towards paying the note. It sounded like an interesting deal, but I have not heard it again and can't remember what company ran the ad.