Should I Refinance My Home

Question and answers should i refinance my home information

When should i refinance my home when my credit is better or now?

Should I refinance my home right now?
I've got excellent credit, a good job and about half my house paid off. We've been looking at getting a longer term loan to have a lower minimum payment, and put more money directly against the principle.Right now, it seems like the mortgage market in general is drying up. Since we're a low risk borrower, will we be able to get an advantageous loan now, or do you think we should wait?The goal here is to keep paying a high payment, but get the minimum and thus the interest payments lower.

Should I refinance my home?
Current loan of $139,897 6.5 % fixed, new loan $145,475 4.5 % fixed. Cost to refinance as a VA loan $5578Break even point a little under 3 years.

Should I refinance my home now?
I'm thinking about refinancing my home to lower my monthly payments so I can send my son to college. With banks in trouble it seems like a bad time to do this. I have no idea what my home is worth now, but the interest rates are so low it's tempting. What should I do?we've only lived here for 4 years, but we did put a big downpayment the first time around. How much will it cost me?

Should I refinance my home if I plan on selling it within 2 years?
I have a $92,000 home loan at a fixed rate of 6.75 for 30 years. Right now my payment is $600 per month. This does not include my PMI payment of $46.25 a month. I plan on making this same payment after refinancing, but applying the excess to the principal. Would this be beneficial to me if I am going to sell the house in 2 years? Should I let it be? Should I get a loan for a shorter amount of time?

Should I refinance my home in order to consolidate?
My current home loan began in May 2007 at 6.375 % for 360mths. I have a 2nd mortgage which began May 2008 at 8.1048 % for 59mths. I also have a bankruptcy which began July 2007 at 8.00 % for 60mths which is deducted from my paycheck. Lending Tree is encouraging me to consolidate & refinance at 6.00 % for 30 yrs. with closing cost of about 6,000.00. It would free up a lot of money, but I would be forced to pay mortgage insurance since it would total more than 80 % of my appraisal. My current total mthly payment is 1,565.00. Refinancing would decrease my payment to 950.00 mth. I guess what concerns me is the 6,000.00 in closing cost and the fact that in less than 5 years, I would only have the 1st mortgage left to pay as opposed to extending everything for 30 yrs.It was Chapt. 13. At present, I owe 90,000 on the 1st mortgage 585.00 mth , 20,000 on the 2nd mortgage 400 mth , and about 25,000 on the bankruptcy 270 biweekly . The bankruptcy payment does not affect my paycheck very much because it is taken out before taxes. My appraisal was 160,000. in 2004.I do not escrow taxes and insurance. I am just at a loss. I am a single mother and do not have anyone to ask for advice. Lending Tree is trying to convince me this would allow me out of bankruptcy and restore my credit. I just want to see a light at the end. I feel if I am able to continue making the 3 payments, in 4 years, I will be able to apply a much larger payment towards my mortgage. I am with Washington Mutual at present. I do not want to make another disasterous financial mistake. Divorce, poor financial advice, college, the only financial support for my daughter, and an assundry of mistakes led me into bankruptcy. I want my good credit back and to make as few financial disasters as possible for the future.

Should I refinance my home mortgage if the current fixed rate is a full 1% less than my current fixed rate?
The current rate is 5.6 % and my current mortgage is 6.6 %. I got the mortgage 2 years ago.

Should I refinance my home?
Just over a year ago, I bought my first home in WA at a 5.5 % fixed 30 yr and I'm wondering if I should refinance? I'm hearing conflicting stories from different people. Can anyone give and advice on this subject? I'm not sure if it's worth it or not..thanks Well, I plan to be in this home for at least another 5 years, it's a VA loan so we'd be streamlining...In regards to the streamlining, that's what I was told we'd be doing because of the fact that we have a VA loan, not because of our good credit scores.

Should I refinance my home mortgage?
Being offered a new 30 yr mortgage at 5.25 %, closing costs of $250 $60 80 recording fee, $275 application fee. Current mortgage has a rate of 6.0 %. Have a good credit score of 750 760. Refi'd in early 2008 from 6.5 % to 6.0 %. Newly proposed refi will drop my monthly payment by $100 month. Plan to stay in the house for sure another 5 years. What are the pros cons? What am I gaining losing? What else should I be aware of. Thanks for any input.

Who should I Refinance my home with?
Can any one tell me who would be the best to refinance my house with? Bank or mortgage broker? Or does any one know who has the best deal.

Should I refinance my home mortgage?
I saw a headline today that mortgage rates are falling, which led me to wonder about my question...I owe about $115k on my home which is valued at about $180k. I'm in the fifth year of my 30 year loan with a rate of 6.125 % I currently pay about $1050 plus about $150 extra per month. My credit is very very good. I could easily afford to pay $1500 or $1600 per month mortgage payment. Could I and should I try to refinance right now? If so, should I go for a 20 year loan since I could likely afford the payments and possibly get a lower rate?

Should I refinance my home loan? I bought a twnhse in Riverside, CA in Oct. 2007 for 317k. I owe 300k .more?
..on the loan. I don't want my value to drop below what I owe on the loan, but I also don't want to waste a bunch of money on a refi if I don't need to. I'm in a 30 yr interest only. It's fixed at 6.75 % for 7 years then it's a LIBOR ARM.The payment's $1,888 a month. I'd like to get into a 30yr fixed P& I. Now that the rate's have dropped considerably is a refi worth it? Thanks for the ADVICE.