Refinance Home Loan Rates – CitiGroup Mortgage Rates Stay Low Subprime Blogger (blog)

11.12.09

Due to the fact that Citigroup offers many other financial services they are working hard to promote their home loans division. If you get a home loan with Citigroup there’s a good chance that you may also use them for your personal banking needs and also your personal loans, car loans and any other type of loans you may need. With this being the case they can benefit much more by being your complete bank.

There is very little doubt that Citigroup has taken the credit crisis very hard as their stock is currently trading below five dollars. To help increase profits Citigroup is trying to add as many customers as possible. The more customers they get the better their balance sheet will look in the long run as they are expected to produce profits in the future. No one knows if this marketing plan is going to make them a lot of money but they are hoping it will.

There many mortgage lenders out there who are currently advertising mortgage rates well below 5% said please do not think that you have to go with Citigroup. All the major banks are currently offering very low mortgage rates so make sure to do your research and find out which one will work best with you. There also many other free resources available to do research so please do not limit yourself.

Source:

Investment Property Financing For Beginning Investors

by Laeverneus Homebuysky

Before you get started in real estate investments, you will need to have your investment property financing in place. The way that you go about financing an investment property will make a huge impact in regards to the overall cost of the property and the net capital gain you'll see as a result of your investment. Because of this, you need to choose wisely from among your investment property financing options.

Do you intend to keep the property as a long term investment or do you intend to improve it and sell it relatively quickly? Your purpose in purchasing the property will influence the type of financing for investment properties you choose. For example, if you intend to sell quickly, you need to establish financing which will not charge you large fees to pay out your loan early.

There are different laws and regulations in each state which pertain to financing investment properties, so be sure to find out what these are in your state. In general, a fixed rate mortgage is a good bet for financing investment properties. These mortgages will provide stability in the short term, which will make it a lot easier for you to plan for your costs.

When financing an investment property, always have a plan B in place in case a lender decides to back out of the deal. This way, you'll still be able to finance your investment property and proceed with the sale. With the credit situation the way it is at the moment, it is essential to have at least two options for financing for investment properties.

Before you can even begin to obtain financing for investment properties, it is important to establish a good credit history. This lays the foundation for being able to borrow in the future at the best possible interest rates. In order to do this, you actually have to create debt and manage it responsibly. So if you have cash to purchase items, it is a good idea to use a credit card and then pay the cash of the card. This way you build an excellent credit history without getting into trouble.

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Refinance Help. Fill this form and get help!

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Aug 19, 2008 by Cnn S | Posted in Yahoo! Finance

In Loom of the Fannie/Freddy Bailout, why doesnt anyone in big media bring up the the fact that most loan officers were instructed to use websites like http://www.FAKEPAYCHECKSTUBS.com (creating documentation that never existed) to help the loan qualify through every step of the pipeline, to collect the 6 percent commission they make on EVERY deal - is it any wonder why the economy and the worlds banking system is where it is at today?

May be this site can help you
http://www.thetechnology.net

Sandy J | Aug 20, 2008

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

Aug 09, 2007 by Peter T | Posted in Personal Finance

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.

Quicken Loans | Aug 10, 2007

yes...u can know better information at http://faoph.notlong.com

preeti | Aug 09, 2007

peter there is books written on this subject -- could you be a little be more detailed on what you are looking for!!!.

ed m | Aug 12, 2007

I can't give you the specifics on refinancing but I can tell you from what I have experienced.

See first to see if it's worth it to do; consolidate bills, repair your home, put your children through college. But make sure you are not eating up all your equity, that you will get a good rate, that the loan agent won't tack on hidden fees in front and back of the loan (they love to disguise fees everywhere). They love to add fees in all sorts of places so question everything, become educated. Make sure that the type of loan they offer you is what you want; fixed or variable rate, interest only, or other types of loans available, Check out to see if there are prepayment penalties. Make sure to ask a lot of questions but to make for sure that what they are telling you is the truth, call and ask more than one source. Shop for the loan as well; don't settle for just one agent or one bank. And get everything in writing. And please, if you can avoid it, please do not do business with Washington Mutual if they have one where you live. In my opinion, they have poor business practices. Check them out in the search engine and you will see.

mom101 | Aug 14, 2007

Below Site is Home of the Loan for every need. Learn about Personal Loan, Student Loan, Auto Loan, Business Loan, Home Loan, Bad Credit Loans or Loan Consolidation. Search for the lowest loan rates; compare lenders, Shop for loans. Loans made fast and simple. Don't worry about Bad Credit and No Co-signer needed. No Upfront.

Refer Home Loan Section.

http://lnk.in/56f2

raj A | Aug 14, 2007

Call me - My name is Marsha and I am a Loan Officer with a mortgage company in Virginia. 757-564-1611 is my office phone.

mrsb2u | Aug 16, 2007

Well there are many banks willing to Refinance a home. I would simply start by calling several places and perhaps even using the Internet to find out which bank is going to give you the lowest interest rate. Remember not to settle for the first offer, all banks are competing and want your business. So the odds of you getting a really low interest rate are on your side.
And good luck?

mark v | Aug 17, 2007

free home loan mortgage quote refinance?

Nov 17, 2007 by Jackie O | Posted in Renting & Real Estate

do these online companies give legitimate quotes or is it just a scam?

Jackie, if I were you I would stick with local lenders. That way if something goes wrong, you can face them in their office. And yes, most hook you and when you are committed, you'll be afraid to walk away. Most do and end up with trouble.

alterfemego | Nov 17, 2007

At some stage in almost everyones life they ask themselves, what kind of loan should I get? It's true that this subject gets less attention than it deserves because it seems that nearly everyone's in a hurry to get the money and move on to the higher priority which is whatever they wanted the loan for in the first instance. Let's start with this.

How much do you know about loans? This article intends to briefly describe the most important types of loans, so that you can get a global view over this issue.

prem k | Nov 17, 2007

Some do. Go to the site below and check out the "upfront" lenders and brokers.

kdaugherty81 | Nov 17, 2007

Hi Jackie O

My website gives accurate information, you should give it a glance... www.nchloans.com.au

As a mortgage broker, what concerns me are the sites which take consumers details and then sell the leads to people like me for between $25 & $40 per inquiry!

I don't use these cmpanies as I feel bad for the consumers who get sucked in and have no idea that their details are being sold at a such a price! The websites they put their details into are heavily marketed and do not act as finance brokers and are only in existence to capture peoples information so that it can be sold to the actual people who are licenced finance brokers.

Hope you investigate this further...

Kind regards,

LK

Lyn K | Nov 18, 2007

Looking to find lowest refinance home mortgage rates?

Feb 11, 2008 by TJR | Posted in Personal Finance

I’m looking for a better home loan mortgage rate than I currently have with my bank. So I am seriously considering refinancing. Does anyone know where I can currently check for the lowest refinance home mortgage rates?

You can actually get a better mortgage rate – without refinancing. There is a website which allows you to check for free if there is a better rate available with your current lender.

You can avoid the costs and all the paperwork and hassle associated with refinancing. Your bank won’t tell you that there is a better rate available with them, but there usually is.

Check for a lower rate here free:

http://www.checkmyrate.com.au

webllinks | Feb 11, 2008

The first thing I would do is get a copy of your credit report and score. Lending tree is a comparable rate lender that offers you several rates from competing banks, but you should know what your score is first! This is what the banks will be looking at!

Abc D | Feb 11, 2008

first get your credit score card -- next shop around just like you are buying a car!!!

mister ed | Feb 11, 2008

The only way for you to get the lowest rate possible is to shop around. There are several websites that get you multiple quotes from qualified lenders. You will have to be willing to give out your information online. Try a service such as https://www.bills.com/homeloan/mortgage_refinance/ they have a separate section to get quotes for refinance loans. You may be matched with up to 4 lenders, who will call you to discuss your options. The service is free to use. Also check on www.bankrate.com for the current interest rates for a refinance loan to get an idea.

Dharwadian | Feb 12, 2008

Can a veteran get help with closing costs to refinance a home mortgage loan?

Jun 20, 2007 by N8 | Posted in Renting & Real Estate

Try this, Its good

http://mortgagerefinancingatlowrate.blogspot.com/

Nick | Jun 21, 2007

Yes, check out the hud.gov website. They should have links to your state and you can look for different loans and grants.

Tonya | Jun 20, 2007

Most of the closing costs can be rolled in to the new mortgage. You may have to come up with a few upfront dollars, but just tell your lender to roll in as much as they can.

Zuker | Jun 20, 2007

Yes on top of what has been told about gov websites, if you haven't used your VA loan assistance that you can get thru the VA you also have that to help you.

Icyelene R | Jun 20, 2007

Did you purchase the home using your VA certificate? If so, you should have had a decent interest rate to make refinancing unnecessary. Unless, you're refinancing to get money out.

Check with your current lender. They might be able to save you some closing costs. Also look at www.va.gov It'll redirect you to a loan section that is worth reading.

Miss V | Jun 20, 2007

The lender/broker can roll in your closing cost into the loan or do a no fee loan. No closing cost mean higher rate.

ron d | Jun 20, 2007

Can a conventional home mortgage loan be refinanced using FHA?

Sep 03, 2007 by KEVIN Z | Posted in Renting & Real Estate

I know that if a person already has an FHA loan, they may refinance using the FHA Streamline process. If a person currently has a conventional mortgage loan, can they refinance using FHA? If posible, can you please provide me the resource where I can read this information. Only if that's not to much trouble. I looked on the HUD website but locating that particular information was far to cumbersome. Thank you

yes you can but the correct answer is...you can financing a FHA mortgage, but ONLY up to 95% loan to value for refi's cashouts, and it depends on the COUNTY limits...not the state limits. They have county limits....not state limits.

Streamline FHA refinance is for those who dont plan on taking money out, but those who just want a lower rate.

Carolinahomerates.com | Sep 03, 2007

Yes you can as long as you are within the FHA maximum loan limits for your state.
Pres. Bush is going to try and raise the FHA loan limit to I think around $416,000.00
but not at this moment.

The HUD web site is a great web site, you just aren't use to using it.
If you dedicate say 30 to 45 minutes on that site, you'll more than likely find out a lot of information you'll need to know any like did you know you'll have an FHA MIP factor (based on several things) added to your loan amount? If you aren't refinancing a Condo, you'll have to pay monthly MIP premiums. It stands for Mortgage Insurance Premium. FHA insures the loan, in case of default.

So if you really can't use that web site, call around and find a Mortgage Loan Officer who is knowledgeable in this field to answer your questions.
If you find some information on the FHA website, make some notes for yourself, if the loan officer can not answer your questions, tell them thanks but no thanks and move on to another Loan Officer who really knows their stuff on Mortgages and FHA loans. Today a lot of loan officers know nothing about them about so many people have been put into Conventional
ARM's, or other bad financing options, so if you can find one that's been in the business for 10 years or longer, you'll have better luck.

good luck too you.

Katie | Sep 03, 2007

You post your profile on this webiste and then lenders come to you. I recommend trying

http://www.creditloansonline.com

Whats my Name | Sep 06, 2007

Hi Kevin,

I think you'll find some useful information on this site:

http://www.fha.gov/owner/process.cfm

Depending upon which state you're in, I am a licensed FHA lender and could assist you further with your inquiry and answer any questions you may have directly.

Feel free to contact me and visit my website at:

http://www.MortgageMetropolis.com

jbmortgageservices | Sep 07, 2007

Refinance Mortgage or Home Equity Loan?

Sep 16, 2008 by Bleaker | Posted in Renting & Real Estate

I need to get some home repairs done and have the option to refinance my mortgage at the same rate (6%) for 30yrs or go the Home Equity loan route with 7.85% for 15 years. Does anyone know if one option is better than the other in the long run?

If you could get 6% on a cash out refinance without PMI and minimal costs, the new first mortgage would give you a lower average cost of funds and monthly payments.

On the other hand, if you have to pay a couple thousand in closing costs on a new first, the low closing cost on the 2nd might be better. It may really come down to how much additional borrowing you would be doing at the higher rate vs. what the difference in closing costs is.

To do a proper analysis, I would need more information. I would suggest calling a couple banks and having them put together some good faith estimates. The analysis is not difficult so any competent loan officer should be able to help you with it. Watch out for pressure to refinance the first. If you are only borrowing a few thousand on the 2nd (home equity), you are probably going to be better off going that route, the the LO may try to steer you into a new first as they can't make any money on a little loan.

Good luck.

Dale H | Sep 16, 2008

find a new mortgage company and do a refinance. rates are not 6% right now. they are 5.625% anything higher is a rip off.

home equity lines of credit are not fixed rates and rates are the lowest they have been in over a year. makes no sense to get on an adjustable rate when all rates are going to do is go up from here...

good luck.

Kain | Sep 16, 2008

You have to look at the whole picture. If you have your mortgage loan for long time and had paid most of the interest, refinancing means you start over again to pay those interest plus closing cost. How much are you gonna need for your home repair? If it's a small amount like $5k to $30k, you may want to lend from your HELOC instead because it's a interest only and very flexible with payment. You can pay extra each month to bring it down in few years. Its interest rate usually lower than a 30 years loan. Bank of America is about 4.5% and no closing cost at all. Check it yourself and do the calculation. Most of the HELOC interest you paid is tax deductible. Usually after 15 years it will turn to a fixed rate or you can refinance to a fixed rate any time you want.

MM C | Sep 16, 2008

For the short run, get an home equity line of credit. These can be gotten at rates of prime to prime-1% now at 5. Todays news indicates the rates may go down, not up. Then when rates do start up, you can switch then to a long term fixed program. Often if you stay within the same bank there will be little to no closing costs.

Eternal Optimist | Sep 16, 2008

I think mortgage refinancing with cash-out could be the best option. As you can get a extra cash with paying your original loan and also you can getter better rates through refinancing. While in home equity loan even if the years are less you would have to pay for two loans.

Here is the source of a mortgage refinancing company named http://iloanshop.com/apply_mortgage.php for your reference

Laurence S | Sep 17, 2008

What is the Best Mortgage Calculator for Home Equity Loans and Home Refinancing?

Mar 29, 2006 by costumes.us.com | Posted in Renting & Real Estate

I am searching for the best mortgage calculators. Interest Only calculators and simple home mortgage calculators and loan calculators. I used the ones at http://www.1mortgagecalculator.net/index2.php and they seem pretty good. Just looking for comparisons.

You may want to download free OpenOffice, which includes spreadsheet totally compatible with Microsoft Excel.
http://www.openoffice.org/ (version for Windows and version for Linux both are available to download).
There is a plenty of formulas and even macros suitable for any needs. Some macro could be downloaded from web sites of sharks.

The best solution could be also to not taking any loan at all. Saving account with 4.5% per annum, monthly payments and compound interest is your friend!!! In this way, bank gonna pay you, not vice versa. You cannot get loan with 4.5% interest, right?

So, it can get you your home in not so long time and sets you free. Your heart will be filled with joy and your kids will be grateful to you for not having any debts and financial obligations.

dottoreo | Mar 29, 2006

Can a person refinance a home equity loan, as opposed to a refinancing a mortgage? ?

Jan 23, 2009 by km | Posted in Renting & Real Estate

A couple of years ago, my spouse and I doubled the size of our home which we had owned "free and clear." To do so, we took out a 20 year home equity loan for $250,000 at a rate of 5.85%. Since we already owned the home and this was technically not a mortgage, there was no downpayment on this loan. With rates coming down, do we have any hope of refinancing our home equity loan? Or, is refinancing basically restricted to mortgages? Thanks.

because the loan was secured by real estate it is technically a mortgage. If you do refinance you will be looking at a either a new conventional mortgage or a new home equity loan.

Noneya | Jan 24, 2009

if i take out a home equity loan now will this loan affect me if i want to refinance my mortgage.?

Jan 30, 2008 by michael o | Posted in Personal Finance

I have 24 years left on 30 year mortgage. I am thinking about a home equity loan at a favorable rate, rather than roll in to refinance consolidation. If rates are favorable later this year i may like to refinance 1st mortgage at 15 years. Will home equity loan affect my refinancing even if i am not looking for any cash out.

Right now rates are LOW, I would just refi instead of the HELOC that might cost you 7% on up. Why pay for 2 transactions.

Deliah | Jan 30, 2008

best home loan mortgage refinance - News

As mortgage loan costs fall, refinancing perks up - Tampa Tribune

Tampa Tribune, FL - Feb 16, 2009

As mortgage loan costs fall, refinancing perks up Those best positioned to refinance have a good credit score, equity in their home, and have been on time with mortgage payments for at least the past year,

Industry Insider Tips from Residential Finance Corp: Clean Up Your ... - Business Wire (press release)

Business Wire (press release), CA - Feb 17, 2009

Industry Insider Tips from Residential Finance Corp: Clean Up Your Residential Finance Corporation (RFC) is the nation’s premier home mortgage lender specializing in FHA mortgage refinance. Founded in 1997 and now serving

MonitorBankRates.com Launches Comparison Shopping for Auto Loans ... - PR Web (press release)

PR Web (press release), WA - Feb 17, 2009

MonitorBankRates.com Launches Comparison Shopping for Auto Loans Consumers currently can be matched with providers for home equity loans, new home purchase loans, refinance loans, mobile home loans and car loans.

Want a mortgage or to refinance? Follow the 4 tenets that the ... - Chicago Tribune

Chicago Tribune, United States - Feb 15, 2009

Want a mortgage or to refinance? Follow the 4 tenets that the said Donna Angarone, a mortgage rep with Countrywide Home Loans in Glenview. "I felt really sorry," she said of her recent loan applicant.

Americas Watchdog Endorses American Interbanc As The Best Mortgage ... - PR Web (press release)