Mortgage Refinance Loan

Casey Said:

For California, do both names on a mortgage refinance loan need to be on the house deed?

We Answered:

This is not legal, it is contractual, with the mortgage company.

The mortgage company is not going to lend your father money for property he does not own. He will have to be on the deed.

Sarah Said:

Will a mortgage company refinance a loan currently in forebearance?

We Answered:

They will if your credit still qualifies. If you are in a repayment plan its most likely you have hurt your credit. It may not be high enough anymore.

Carlos Said:

my credit score is 645 and my wife. is 697.what is the best rate. that I qualify for a refinance mortgage loan?

We Answered:

Mortgage loan is a term used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the value of the property risk for the lender.

http://www.worldbestloans.com/Mortgage%20Loan.htm

A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.

Joel Said:

What's the best indication of a good refinance mortgage loan?

We Answered:

fixed rate! no adjustable and surely not a wat is being marketed hyybrid ARM you want a fixed rate mortgage any term that works
your APR is not that much different than your interest rate! is a good indacation. look for the best interest rate and APR if you get a great rate and the apr is NOt that far off you have a great loan!

try to get the best rate if you have the equity let the lender wrap your closing costs into the loan but be aware of all charges! if they are over charging you it will show with the APR. now if they show yield spread and it looks high just so you know yieldspread is money the bank gives the broker to overcharge you in your rate.
i must say they're are many lenders that dont condone this practice. But it is very real a big reason we are in the mortgage mess and the rate of foreclosures are so high is from greedy overzellous brokers and banks

Stacey Said:

What is the best way to consolidate my debt? I have a mortgage and want to refinance,add my debt to new loan?

We Answered:

It might be hard refi-ing a jumbo loan these days.

Getting additional cash out might be impossible and a very bad idea to begin with.

Jacob Said:

How can I get a High-LTV ration mortgage refinance loan?

We Answered:

You have options... if you qualify. If you have a fannie mae or freddie mac loan you can. They will allow you to do a rate and term refinance up to 105% of your value. In october you they are moving the limits up to 125%. They will not let you pay off your 2nd though, but you may be able to get a better program for your first right now. The link below will give you access to check if you have a fannie mae loan. Make sure you put your info in exactly how it is on your mortgage statement. Good Luck!

Josh H
Voyage Home Loans
Sacramento CA

http://loanlookup.fanniemae.com/loanlook…

Discuss It!