Mortgage Refinancing Companies

Alberto Said:

Is it more work to refinance with another mortgage company than refinancing with your current lender?

We Answered:

The work involved with your old lender or new lender is about the same, unless you are doing a FHA streamline refi, when it would probably be easier to stick with your current lender. If you have an FHA loan and 20% equity do a conventional refi.

How long are you planning to stay in this property? If you are going to stay in it more than 5 years it would probably be a good move, but anything much less than that you it will probably cost you more than it will save unless with the new refi you will be getting rid of PMI/MMI. If that is the case it would be a smart thing to do for sure. What you might consider is doing a 15 year refi. The current conventional interest rates, with 20% equity is about 4.5% with 0 points. That was the quote I got late last week, and that was for a non-owner occupied property through the Mortgage Minute Guy.

FHA, Freddie-Mac, or Fannie-Mae loans do not have any pre-payment penalties. Judy doesn't have a clue. $10,000 in refi closing costs? Maybe if your are borrowing $750,000.

Consider getting a quote from a couple of lenders like Ditech and Quicken Loans. Their rates and costs are very competitive.

Cody Said:

Anyone know of any Mortgage companies that will refinance a part-time employee?

We Answered:

Hello there, I used to work as a loan officer for a bank. So I understand your concern and I would like to give you a simple advice. Do not give up. You are probably on an adjustable rate that started changing already and it will continue to increase until it reaches the maximum interest allowed under the contract that you signed with your current lender.

There are many banks that will approve you even if you have no job. The two key factors in any loan are the credit score and the LTV (loan to value) which means the amount of loan you are taking compared with the value of the house. The better the credit score and the lower the LTV the better deal you will get.

My simple advice is to shop around and call as many lenders as possible until you find somebody that will approve you at the proper closing costs and rate. Give the loan officers all the information except your social. You do not want every company to run your credit, that will drop your score. You should only give your social when you feel that the company can help you achieve your goal.

I suggest to start with the big names in the business like Ditech, Quick loan funding, Country Wide Loans. You can find all these mortgage companies online.

Good luck and if you have any further questions feel free to contact me by email, zs8nt@yahoo.com.

Fernando Said:

Where can i sell Mortgage refinancing leads we generate from our telemarketing companies?

We Answered:

how much per lead are we talking about?? these qualified leads or simply people with a pulse?

Nathaniel Said:

Why does my mortgage company need proof of marriage for refinancing?

We Answered:

If you are looking for the best mortgage refinancing site, try this site

http://best-mortgage-refinancing.com/

Here you can find the lowest interest rate in your area

Sam Said:

Will mortgage refinancing company require my ckecking account statement?

We Answered:

yes

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