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Philip Said:

My grandmother is the lender for a home.We would like the borrowers to refinance or can we sell the mortgage?

We Answered:

Yes, you would have to use that to ask them to refinance. I would contact a real estate closing attorney (depending on what state you are in) or contact whoever is RESPONSIBLE for closing real estate transactions, whether it's just a notary or an actual closing attorney.

Valerie Said:

What happens if I no lender will refinance the full principal on three year balloon mortgage bought @ the peak?

We Answered:

You are stuck with your existing lender, or you go into foreclosure ..

Violet Said:

I'm looking to refinance my mortgage. How do I know who is a good lender with the cheapest rates? find them?

We Answered:

Here's the thing about rates - you can pretty much get any rate you want - it just depends on what you want to pay for it.

Think of it as a see-saw on a playground: As the rate goes down, cost goes up. Rates goes up, cost goes down. That's how you get no cost mortgages - they just have a higher than average rate. Rates are also based on risk, so it will depend a lot on your income, assets, credit, property, debt, etc. to find out what rates you qualify for.

The market has been very volatile the last few months and it's very important you work with someone who is experienced and well known. Talk to friends and family - ask them for referrals. Read reviews of lenders and find someone you can trust.

Refinancing is about a lot more than someone who can quote you the best rate - it's about finding someone you can trust and someone who can follow through on what they promise you.


Feel free to contact me directly if you have any questions!!

Marie Said:

I just unlisted my house last week. I am looking for a lender that would do a refinance?

We Answered:

Please don't go to those in here spamming for business.