NLIC.org

Pearl Said:

Help me find the information on if a mortgage company can force you to insure your home to loan value?

We Answered:

I would check in your loan package and see the documents that you signed relating to the requirement to carry insurance. I trust that you are talking about about hazard (home owner's) insurance, rather than mortgage insurance. It is certainly typical that the lender wants you to have insurance to cover the amount of the loan. If the home is destroyed in a fire or other tragedy, they obviously want to have the amount that is owed to them paid by the insurance policy.

Best of luck!

Cory Said:

I need to know more information about Home Loan Mortgage Refinance?

We Answered:

Refinancing is basically paying off one loan with the proceeds from a new loan secured by the same property. In other words, you’re taking a loan to pay off another loan and securing it with your property.

It’s often done to reduce interest costs (by refinancing to a lower mortgage rate, changing the length of a mortgage (going from 30year to 15year for example), to pay off other debts (especially makes sense if you can pay off high-interest debt that isn't tax deductible - such as credit card debt), and to change loan types (for example, going from variable-rate to fixed-rate).

Hope this helps and if you have any questions, feel free to send me a message through my profile.

Alicia Said:

what is HARP home mortgage thru Wells Fargo -- i would like information on what it is ---it is about refina?

We Answered:

It's a sweetheart deal. They will give you a few options on term and the rate is a fixed rate mortgage. It basically refinances what you currently owe with no cost to you. Now the rate is a tad bit higher than what you see online but the trade off is you pay NOTHING out of pocket. You will get a close at home package and all you do is notarize it and mail it back in. For most it's a win- win situation, they can either lower payment or term.

HARP stands for Home Affordable Refinance Program and this is what the government initiated, so you must have Freddie Mac or Fannie May as your investor.

They will expire soon so you should take advantage of it.

You are welcome to contact me I work there ;)

Barry Said:

When you refinance your home mortgage and your appraisal value is raised,does your twsp get this information?

We Answered:

only the people you/your lender send the
data to, get it. IT is NOT public information.

Erin Said:

Is your home mortgage information open to public record so that a stranger can go look it up?

We Answered:

Once the lender records the note against the property it became public info to place all others on notice that the land in question has an encumbrance upon it. If you are looking for the best home mortgage rates or want to reduce your mortgage loan payments, check out this site

http://Best-Mortgage-Refinancing.com

Here you can get free quotes from all available companies in your area. its the best way to find an affordable payment with a reliable company.

Hope this help,