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?

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

Should I refinance my home?
I have a 30 year adjustable home mortage. I have paid on this loan for 24 years. I have 6 years to go and only owe $13,500 on the loan now. Adjustable rates are on the rise and I am on a fixed income with perfect credit. I don't know a lot about refinacing. Is it worth refinacing for just $13,500?

Should I refinance my home loan now and pay the pre pay penalty or wait untill jan and hope rates dont go up?
my rates will go adjustable in jan and I must refi before that but do I pay the $6000 fee or wait and hope for the best with future rates.

Should I refinance my home and pay off credit card debt?
My wife and I have an ARM mortgage that will jump to 8.5 % this summer. The loan is only for 92,000. We have 1 credit card that is about $13,000. We don't plan on staying in our place for more than 18 months, but want so desperately to pay off our credit card. Would it be wise to refinance now to a fixed loan at a lower interest rate than 8.5 % and pay off the credit card even though we will be moving in a 12 18 months?Thanks to all that have answered so far. The house is worth $135,000. I don't want to refinance for that amount because I don't want to have problems when I sell it next year. I was thinking about refinancing for 120 125,000Thanks

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.

Should I refinance my home or go for an equity line of credit?
I've owned my home for only two years.My interest is 8 %. I would like to pay off credit cards and do some home improvment. is it a good idea to look into an equity line of credit if I have any Should I refinance? Or should I find other way's to pay off CC and do home improvments. I would really like to get my self out of this CC hole I'm in. I'm not sure if using my home would be a good idea..Maybe I should refinance? I'm really lost I want to make the right financial decision. Please help with any advice. BTW were having another child in Febuary and I need to get rid of some mold in the basement bathroom, That's why I need some money fast for home improvments.Thank You

Should I Refinance my Home?
So I have a current FHA ARM Loan at 4.25 percent, which I have had for two years now. The original Loan was for 400,000 with 20000 down. I have saved enough to put down 20 % and get rid of my PMI. What would be the disadvantage to refinancing to a conforming loan 30yr fixed at 5.125 %, having only had my FHA for two years.

Should I refinance my home?
We've only been in our house 2 yrs actually 23 mos but have heard that our rate of 5.9 % could be better and lower our payments. A job change this year has lowered my income by $10,000 so a few hundred dollars a month could mean a lot less stress. We currently have Bank of America as our lender the 3rd different company to own the loan .

Should I refinance my home or not?
I have a 30yr fixed rate at 6.375 % and am 4 yrs 4 months into it. And currently pay a extra payment each year. I financed $254,600 and now owe $224,790. I am at 83.9 % LTV and pay $183 PMI monthly.I have a found a rate with Quicken Loans for 4.75 % fixed 15 yrs. The loan discount fee 1.75 % cost $4149.69 , I think this buys down the interest rate. Other closing cost and fees came to $4137. This will cost me a total of $8287. On the good faith estimate I would now be refinancing $237,125. I probably will pay the house off in the next 7 to 10 years, hopefully. Would this refinance be a good move for me?Thanks,Darrell

Should I refinance my home to pay off an equity line of credit?
I have a home equity line of credit paying intrest only at 8.25 % on the amount borrowed against it.

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 mortgage?
I bought my house in 2006 for $355,000. I put 20 % down and took out a mortgage for $284,000, 30 years fixed at 6.375 %. My current principal and Interest payment per month is $1771.79 As of today, I have $277,878 and 28 years left on the mortgage. If I refiniance my mortgage to the current 30 year rate in my state of 5.77 % my monthly principal and interest would be $1592.75 per month. Is it worth it to refinance now or should I wait a little bit longer when the rates dip just a little bit more?