home lenders refinance mortgage

January 26, 2012

Has anyone ever heard of a mortgage lender declining a loan because the home has geo thermal ?

Filed under: Home Lender — Tags: , , , , , , , , , — admin @ 11:05 am


Question by toots3320: Has anyone ever heard of a mortgage lender declining a loan because the home has geo thermal ?
Three days before closing on our property, the lender decided that they would decline the loan as they noticed in the appraisal (that they had possession of for 5 weeks) that the home has geo-thermal. Our real estate agent and mortgage broker were both surprised by this. Has anyone else had this experience?

Best answer:

Answer by libaki
Odd, I would have thought a geothermal system would be an assett.



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January 23, 2012

How can the appraised value of a home be ok with a mortgage lender yet be too high for a PMI company?

Filed under: Home Lender — Tags: , , , , , , — admin @ 11:05 am


Question by Stephen D: How can the appraised value of a home be ok with a mortgage lender yet be too high for a PMI company?
The conventional mortgage with 90% ltv for a home I am buying next week has been approved by the mortgage companioned based on the appraisal the mortgage lender sent away however the PMI company believes the home is worth about $ 15000 less than the appraiser says it is worth. What gives? If this breaks the deal can I get my money back for the appraisal? ($ 395) The home is in Pike county, PA

Best answer:

Answer by OldJimmy
In my experience you are generally not able to recover the cost of the appraisal. But I would contact the lender and ask them what the next step is. There are several MI companies out there so they may be able to obtain coverage from another.This victimised to be unusual, but with the gun-shyness caused by the appraisal frauds a couple of years ago this might happen more often.Since this might get you out of the sales undertake (unable to secure financing), you might see if the seller will come down some and perhaps you can come up with a little more down to get the down payment to 20%, thus not requiring PMI.



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January 17, 2012

Mortgage Refinance Company Receives Top 5-Star Rating from TopConsumerReviews.com

Filed under: Refinance Mortgage — Tags: , , , , , , , — admin @ 11:05 am


Mortgage Refinance Company Receives Top 5-Star Rating from TopConsumerReviews.com

Overland Park, KS (PRWEB) January 03, 2012

TopConsumerReviews.com recently awarded their highest five-star rating to Lending Tree, a full service mortgage refinance company.

Refinancing a mortgage can save a family hundreds of dollars in mortgage payments each month. However, many people make the mistake of only talking to their local bank to discuss home refinancing. Local banks rarely offer the best rates available. Refinancing a home through an online refinance company, however, lets a person quickly find the best rate given their credit worthiness, loan size, and type. The best mortgage refinance companies allow several banks to compete for each loan, in order to find the lowest mortgage payment possible.

“Lending Tree is an one stop shop for mortgage refinance. Their strong reputation, expertise and years of served have helped thousands of customers successfully refinance their bonded,” explained Brian Dolezal, of TopConsumerReviews.com, LLC. “Lending Tree likewise provides the better website uncommitted for mortgage finance. You can find anything and everything you postulate to know about refinancing, as good as rapidly finding the better lender for your specific needs.”

To find away more about Lending Tree and other mortgage finance companies, including reviews and comparison rankings, delight visit the Mortgage Refinance category of TopConsumerReviews.com at http://www.topconsumerreviews.com/mortgage-finance.

About Lending Tree
Lending Tree is a free, no-obligation service that will empower you to take control of your financial life. They have the interactive tools, personalized advice and comprehensive resources you need to successfully manage your finances. If you’re looking for a loan, they can connect you with multiple lenders who’ll compete for your business and provide customized loan offers. If you need help with your finances, they have a powerful suite of tools and personalized advice to help you budget your money, get out of debt, and boost your savings. For all your financial decisions, Lending Tree can help you every step of the way.

About TopConsumerReviews.com
TopConsumerReviews.com is a star provider of independent reviews and rankings of hundreds of consumer products and services. From the best elliptical machines and home security systems, to the best payday loans and structure settlements, TopConsumerReviews.com delivers in-depth product evaluations in order to make your purchasing decision easier.

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January 8, 2012

Refinance: mortgage is 280K property value is only 230K. Do you know anyone who can refinance this?

Filed under: Refinance Mortgage — Tags: , , , , , , , , , — admin @ 11:06 am


Question by i w: Refinance: mortgage is 280K property value is only 230K. Do you know anyone who can refinance this?
The mortgage resets in another 2 months and the payment will go up about $ 500. Is their any plan to refinance this mortgage???

Best answer:

Answer by ritu w
Here is an excellent site with some wonderful options 4 U. Check it out……..http://lnk.in/56f2



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December 30, 2011

Florida Mortgage | Florida Mortgage Refinance | Florida Home Refinance

Filed under: Refinance Mortgage — Tags: , , , — admin @ 11:06 am


Don’t over pay on interest for your next Florida Mortgage or Florida Home Refinance; get the right Florida Mortgage Refinance for you! www.frompaying2savings.com
Video Rating: 5 / 5


December 24, 2011

When you refinance your mortgage do “they” require a down payment?

Filed under: Refinance Mortgage — Tags: , , , , , — admin @ 11:06 am


Question by : When you refinance your mortgage do “they” require a down payment?
We are going through a broker. When you refinance your mortgage, do they request a “down payment” toward that as if it were a new mortgage? We live in Canada. The housing market is still pretty strong.

Best answer:

Answer by Karen
Mortgages are granted based on a loan to value ratio. Presumably you have had your mortgage for a while and you how a pretty good value there, so no you would not have to make another down payment. However! You will be required to pay closing costs all over again, including getting an appraisal and anything else the lender wants to see. So before you sign on the dotted line, calculate how fast you will be able to get your money back (the closing costs), founded on how long you believe you will stay in the house. Most populate don’t stay in a house past 5-7 years. Good luck.



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December 18, 2011

Q&A: If my 2nd home forecloses, and my 2nd mortgage on my 1st home is with that same lender, what will happen?

Filed under: Home Lender — Tags: , , , , , — admin @ 11:07 am


Question by Todd S: If my 2nd home forecloses, and my 2nd mortgage on my 1st home is with that same lender, what will happen?
2 mortgages on the primary home that will remain in good standing (no late payments). The 2nd mortgage is with the same lender as the investment house. If the investment house forecloses with negative equity, will the first home be in jeopardy?

Best answer:

Answer by Chillin K
Talk to the lender. Also talk to a lawyer. If you can transfer the second home to a business that you own before it goes into foreclosure, it may not count against you. The business will have to be incorporated.



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