Refinance Mortgage
Time to Refinance from ARM to Fixed Rate Loan?
This may be a good time to refinance to a fixed rate mortgage from an adjustable loan if you think your ARM interest rate will go up soon. Q: We have a first mortgage which is a 5/1 adjustable rate …
Help With Refinancing Underwater Mortgage
When a lender fails to respond to your requests to refinance an underwater mortgage, you might have to file a complaint with the OCC. Q: We purchased the home in year 2006. We only put down 5 percent and have …
Loan Refinance Problems Continue
Loan modification or refinance hell continues for homeowners even when a lender invites a borrower to refinance. Q: I’m not sure where to turn with respect to what’s going on with our mortgage. I have been with my lender (a …
Bank Refinance Offer For Low Balance Loan
Bank refinance offer in the mail may be your best bet if you have a low balance mortgage loan. Q: I enjoy your column each week and have a refinancing question for you. I purchased my house in 1997 and …
Complaint Against Banks And Foreclosure Reviews
You may want to file a complaint with the OCC if your bank has wronged you, but you may also be entitled to a foreclosure review. We received yet another email from a woman who has been trying to keep her house …
Refinancing Two Home Loans Into One
Refinancing these days can be hard, but trying to refinance or get financing for two adjacent properties used as one can be difficult. Q: We have owned our home for about 23 years. About five years ago, with two young …
Trying to Refinance Upside Down Mortgage
When loan modifications fail and you are trying to refinance upside down mortgage, your options are limited other than HARP 2.0. Q: I am currently paying on a mortgage that is becoming an overwhelming expense and causing me to go …
Refinancing Small Mortgages
Refinancing is hard these days, but if you have a small or low balance loan, it may be harder and the refi costs are more important than ever. Q: In 2003, I refinanced my home with a $100,000 15-year mortgage …
Home Equity Lost After Divorce
After divorce, home equity in former marital home may be lost without good planning and consideration of housing market downturn. Q: My ex-spouse and I own a home together that sits on a big piece of property. When we divorced, …
Loan Application and Retirement Plans
Just because you have retirement plans on your mind does not mean you can’t get a loan, but you must be truthful on the loan application. Q: A caller to your radio show recently indicated that he was going to …
