Butz asked:


Since the fed has dropped rates so much, I keep checking to see Home mortage rates. If they drop enough i will refi. I already have a good fixed rate but, I would like to save money if i could by getting a better rate on the mortgage on my house.
By the way my credit score is 791 excellent. The rate i have now is 5.25% on a 15yr fixed mortgage

Fernando

steve t asked:


Most mortgage companys won’t talk to you if the loan amount is less than $120k.

Willie

Spaghetti asked:

I am currently with Citimortgage and I’m thinking about re-financing my condo.They do charge a one-time non-refundable processing fee of $635.00.Is that a decent price or are there better deals out there and what lenders don’t charge a closing fee (if any)? Any recommendations?

Floyd

John D. asked:

155k house. I have a 30 year, 1500/month. i have been paying for 9 years now.
I need some good answers. Foreclosure or anything in that direction is not an option. Please help.

Agnes

samuel b asked:

I have good credit and I’m getting approxamately the same rate from every lender that I’m talking to. I am also hearing similar rough estimates for closing costs as well. I also keep hearing that I should be shopping lenders for price. Is there something hidden that I’m missing? Is the actual rate negotiable/

Minnie

none asked:

I have a 30,000 loan at 6% for 5 years and pay $600 a month.

Tim

race_car_bed asked:

I guess I am looking out for things like “cost to refinance”, pre-payment penalty, and any other things that can possibly have me stuck. Anyone have any advice or things to look for? I am looking to buy a house soon and have a 30 yr fixed offer from Wells Fargo on the table. Thanks!

Maria

wvtalbot asked:

I know that lenders use certain break points for rates etc, can anyone elaborate on this using real numbers for the scores?

Charlotte

Maggie asked:

I was hoping to have my friend co-sign a home loan (she is my boss too). I’m sure she’s willing to help me as she mentioned about this before. She owns a home, 2 stores and her credit score is over 650, mine is very low (bad credit). Can I still get home loan even I have bad credit? I’m considering purchasing a mobile home(2b,2b) in Canyon Country, CA (Santa Clarita area), but I’m still not sure if it’s a good idea. I currently pay $825.00 a month for rent (Sherman Oaks, 1bed). I work in Canyon Country (pays about $200-$300 for gas/ month). I’m thinking is that if I bought a cheap mobile home there I could pay about $700 in space rent&about $450 a month in a mortgate payment. So I would save some money, time and the important thing is I will have bigger space and little yard(I have 2 dogs),+ in the end I would own something.My husband & I have only $8000 for down payment.I don’t think we can afford a home in that area? Our income is about $4500/m. I would very appreciate your answer

Darren

thought SO. asked:

For example, in Calabasas, the salaries are in the 100K and the usualy income is $180,000 according to city-data, but if you go to CNN’s affordable house calculator the most expensive house you could get is $1,000,000 though most houses are at least $2,000,000 there. Why? Are a lot of people just renting?

Micheal