How can I get a High - LTV ration mortgage refinance loan?
I have a recently purchased Condo in DC with a value that continues to tank with the economy. Currently have 2 mortgages on it making the LTV somewhere in the neighborhood of 110 percent. Looking to refinance I have relatively high income, excellent credit Property value approximately $250, 000 and I owe $270, 000 combined. Anybody know if I can even expect to find a lender in this economy willing to lend in this situation?- I haven't seen anyone making high LTV loans lately. It's going to be tough to find one. If you have a good payment history with your lender, I would contact them and ask them if they have a rate modification program. They do this to keep good customers from running off to other lenders via refinancing. For a small fee maybe 300 - 500 they agree to reduce your interest rate, with the principal balance and original maturity date remaining the same. It will not be quite as good as the best rates on the market today, but it will be close and if it is lower than what you are paying now your payment will go down. And the low cost to do this makes it pay off very quickly. Give this a shot, and hopefully they will not realize that it is going to be difficult for you to leave them. Alternatively, if you can find a way to come up with some cash to bring your loan amount down, you have some other alternatives. About a year ago, Bank of America was offering 95% financing with no PMI to customers that had nice deposit accounts with them. And no closing costs. I do not know if this is still available check out their web site to find out but it was a great deal
- A government approved and certified lending company. This company do offer loan ranging from personal to industrial loans to interested persons or companies who are seeking financial aid at a negotiable interest rates sometimes as low as 3%. Why should you die in silence when you have an opportunity to clear your dept, start or boost your business with a loan from our company. ehis_coperative@sify.com
- Good Day Sir / Madam, We wishes to Announce the public offer which Tom Davis Global loans Inc. is offering every one to become a Successful Man and Woman in which you can apply for a loan to cheer you up forever. We are a Registered and Certified Loan Company, We Offer LOANS from $3, 000. 00 Min. to $10, 000, 000. 00 Max. at 3% interest rate. We are certified, trustworthy. Please, provide us with **Amount Needed** **Duration** and Name of Beneficiary Please Note: All replies should be forwarded to the Company's E - mails:tom. davis320@gmail.com Regards. Mr. Tom Davis
- 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 loanlookup. fanniemae.com / loanlookup /
- you're under water in a falling property market. why would any rational lender want to lend to you? best bet - the firm that holds the second mortgage. they're in the next to worst position after you, of course. maybe they'd be interested in refi - ing the whole bit into a single loan with no outside first mortgage ahead of them. Frankly, if they sold the second to syndication or packaging I think the chances are very poor. Buyers of that sort of paper are not interested in putting up more cash, but in selling out. Other ways and means - if you have a significant stock portfolio one million or so, you might save a fair bit of interest by taking a margin loan and paying off both mortgages. The profitable way to do this is to buy in the mortgages at a discount. Trying to do it directly likely will not work - as soon as the mortgage holders get a whiff of you trying to buy in your own debts, they will hold out for 100 cents on the dollar. So i'd want to use an intermediary to make the offer and close the discount deal - who immediately turns around and sells the mortgages to you still at a good discount and with some profit for their work. GL
- Hello Dear I am Brown Wilson. A certified, reputable, legitimate & an accredited private lender. I loan money out to individuals in need of financial istance. Do you have a bad credit or you are in need of money to pay bills? I want to use this medium to inform you that i render reliable beneficiary istance as I will be glad to offer you a loan. Services Rendered include: *Refinance *Home Improvement *Inventor Loans *Auto Loans *Debt Consolidation *Line of Credit *Second Mortgage *Business Loans *Personal Loans *International Loans Please write back If Interested. Upon your response you will be provided the loan application to fill. No social security and no credit check required, a hundred percent Guaranteed. I Look forward permitting me be of beneficiary service to you. I shall await your response at your earliest convenience. Sincerely, Mr. Brow Wilson MD contact me on my Email brownwilsonloan4@live.com
- HELLO, AM MRS LILY JANE FROM AMERICA, I SAW YOUR AD THAT YOU ARE LOOKING FOR WHERE TO GET A LEGIT LOAN LENDER, I WANT TO USE THIS MEDIUM TO TELL YOU THAT IS THIS LEGIT LOAN LENDER THAT HELP ME SO DAYS AGO TO SECURE A LOAN. YOU CAN TACT HIM ON; donald. mark88@yahoo.com
- Good day, I am Mr. John Clarke by name, a Reputable loan lender I give out loan to those who are in need of financial istance. Are you looking for money to pay bills? I want you to know that we can help you by lending you if you will give us the chance to help you, we will be glad to offer you a loan of any amount of choice we offer over $250, 000. 00, to top business men and women, our loan interest rate is 2%. if you are interested you get back to us with this application form filled. APPLICATION FORM NAME. ADDRESS. COUNTRY. PHONE NUMBER OCCUPATION STATE. Necessary amount as loan. Purpose of loan. Duration of the loan. Monthly income. Have you ever applied for a loan? Thanks for your time Mr John Clarke C. E. O clarkeloanscompany12@yahoo.com
- Hello Good Day, I saw your question I have decided to help people out due to the fact that I myself have been scammed three times by three lenders in my search for a loan but at last I got a reliable lender. That gave me the loan $56, 000 USD that I was in dire need off. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can reach him via his email address: stevedavidsonloan32@yahoo.com, Please tell him that Pastor Mrs. Sonia smith from New York. USA. I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey to those hoodlums out there please reach him and tell him that I referred you to him
- Hello, I am answering your dire need of a loan because we can help you secure the loan you need. This is a UK based registered, certified and government approved lending company. We offer loan at a very convinient interest rate 3%, and loan offer ranges from $3, 000 to $750, 000. Have you been scammed, have you been turned down by many loan companies, worry no more as we are here to give you the right answer to your financial problems. Why suffer in silence when you can come out of it by getting loan from us. Apply today and receive your loan in three working days. Interested persons should contact us for more informations via :serviceonlineloan@ymail.com Full Name. County. State / Province. Sex. Age. Monthly Income. Amount Needed. Duration. Phone Number. Thanks, Contact E - mail:Polly Davidson. Contact E - mail: serviceonlineloan@ymail.com
Knowledge Base
Mortgage Rates - Refinance?
i live in virginia and recently purchased a home. this is my second mortgage. i had no idea how much mortgage rates had increased. i am paying 6. 75 as compared to 6. 125. are mortgage rates expected to climb or is it possible for me to refinance and get (best refinance mortgage)
How can i find a mortgage company to refinance me with bad credit?
if i am currently in a chapter 13 bankrepucy how can i get requalify?. hi, depends on where you are, if you are in us, there's a lot of problem right now going on on real estate / home loan. you might have a hard time due to your bad (home mortgage refinance loan)
I have a rural housing service loan, is that a good long term loan or should I refinance?
the longer you have been paying on a loan, the less sense it makes to refinance. 3 what is the estimated value of your home, today and what is the amount of the mortgage you. generally, the longer you have been paying on a loan, the less sense it makes (home mortgage refinance loan)
Knowledge Base: Mortgage Refinance
I am looking for the best mortgage company for a refinance. Two criteria, low interest rate and low fees. ?
does anyone have any suggestion? where to look, what to stay away from or tricks of the trade. made a poor decision on our present mortgage and do not want to do a repeat. am locked in on present note for 45 more days and then we want out. looking (refinance mortgage bad credit)
Can I refinance a mortgage with bad credit?
i have been in the house 8 years and have a rate of 7 for 30 years. i have bad credit and wonder if it would benefit me to refinance to a lower rate?. no. tom only a lender can tell you for sure. depends on what you mean by (refinance mortgage bad credit)
how do i get the best mortgage refinance?
hey kevin, it may sound left field, but i'd go for an interest only mortgage. you can take the difference in payment and put it in a vehicle that's safe, liquid, and earning interest even a savings account. most do not do it because most do not understand the risk (mortgage refinance rates)
best bank to refinance mortgage?
what would be the best bak of choice to refinance my mortgage?. that's a trick question. i would suggest you first ask your regular banking account manager. === if i was paying off a mortgage - and never missed a pymt - ? i'd go shopping for money. where. ? (best refinance mortgage)
How can I get a High - LTV ration mortgage refinance loan?
i have a recently purchased condo in dc with a value that continues to tank with the economy. currently have 2 mortgages on it making the ltv somewhere in the neighborhood of 110 percent. looking to refinance i have relatively high income, excellent credit property value approximately $250, 000 and (mortgage refinance)
Knowledge Base: Mortgage Refinance Loans
mortgage refinance?
my husband and i bought a house in october with a no documents loan and ended up having to split our mortgage and have two smaller loans. our mortgage servicer recently called and said that they have been unable to sell our mortgage and would refinance our loan at no (mortgage refinance loans)
How can I get a High - LTV ration mortgage refinance loan?
i have a recently purchased condo in dc with a value that continues to tank with the economy. currently have 2 mortgages on it making the ltv somewhere in the neighborhood of 110 percent. looking to refinance i have relatively high income, excellent credit property value approximately $250, 000 and (mortgage refinance loans)
What's the best indication of a good refinance mortgage loan?
lower interest rate that is not adjustable, simply put. there is rarely a point in refinancing if you cannot get a better rate than what you currently have, and steer clear of adjustable rates that lure you in with a teaser rate. fixed rate! no adjustable and surely not a (mortgage refinance loans)
One of my mortgage loans is 20k at a rate of 9%. What steps do I take to best refinance the smaller loan?
your first call should be to your mortgage broker and see if you might be able to consolidate your first and second mortgage into a larger primary mortgage first mortgages always have a better rate, but be careful of prepayment penalties on either loan. likely your mortgage broker will help (mortgage refinance loans)
My wife and I are thinking about using Quicken Loans to refinance a mortgage on a rental property. Any advice?
has anyone else experienced quicken loans. this is the first time we have not delt with the "local banker" and we're nervous about the closing over the phone / internet thing. if you can not face them, why would you do business with them. we had a deal once on (mortgage refinance loans)
