What moves refinance mortgage rates? NASDAQ
When the European economy was threatened by instability in Greece and other countries, investors worldwide turned to American bonds as safe investments; that helped lower U.S. interest rates.
Mark Greenberg of Wealth & Tax Planners in Walnut Creek, Calif., says, "Long term rates are set by the 'market' (traders, banks, etc., i.e. the participants' collective wisdom about where rates should be). Mortgage rates, he explains, tend to follow the rates on 1, 5 and 10-year Treasury notes.
"As demand pushes bond prices up, they cost more, so they yield less (investors pay more for the same dividend amount). The converse is also true."
The Fed
Reading the financial news, it's easy to think that if your mortgage rate went up, it's because the Fed "raised" interest rates. That's simply not the way it works.
Savings institutions are required to maintain a certain level of deposits, called reserves, with the Federal Reserve Bank, to make sure that there is money to pay depositors when they want it. The Fed supervises overnight loans of these reserves from one bank to another to cover fluctuating needs for cash.
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I need to refinance my mortgage next month. What questions should I ask the lender to get the best deal?
I was going to compare rates @ the Lending Tree. What do I need to know or need to ask? Do I need money down, need to pay points, how much are closing costs? I now have a fixed rate that is turning into a flexible rate next month. I pulled up my credit report and looked up Experian and I have a 740 "vantage" score. What kind of rate could I qualify for?
Please help! Thank you for your information!!!!
Hello Aunt Fanny,
You are on the right track with the few questions you have asked here..
In a refinance transaction, you do not need to have any money down... All closing costs will be rolled into the loan itself..
As for paying points.. You do not need to pay points.. It makes no sense to pay points in a refinance loan.. If you have a broker trying to charge points, they are simply overcharging you to make a profit..
As for closing costs, there are a few third party companies that have charges that cannot be wiaved to complete a refinance.. These include title charges, appraisal, closing, processing, and underwriting... These are all tasks preformed by anb outside organization and are a necessity to complete a transaction...
Other fee;s that can be charged are origination and broker fee's.. Typically these fee's can range anywhere from $1000, to $5000 depending on your loan size..
My company on the other hand only charges a $500 administration fee. there are no broker fee's or origination fee's...
as for the sentence you wrote "i have a fixed rate that is going flexible next month" just so you know, this means you have an adjustable rate mortgage, or ARM... You have a fixed period (2-7 years) and then it adjusts..
If your rate is about to adjust, you want to act now before your rate sky rockets.. If you plan to live in this home for the rest of your life, i would suggest you get a FIXED rate this time around.. If you plan to move in less then 7 years, then it will be better for you to get an ARM..(They are lower then a fixed rate, but only smart if you plan to sell or refi before the adjustment point)
As for what you qualify for, with a credit score of 740, as long as your other qualifying factors are okay (income, reserves, equity) then you will qualify for a "conforming interest rate" or in other words, A+ paper... You have a very good credit score so you will qualify for a good interest rate.. (probably around 6.125 - 6.5%) (just estimating, it could be lower depending on your factors)
And last but not least, i want to tell you a little bit about "Lending Tree" Just to let you know lending tree is not a mortgae lender... I know their commercials make it seem that way, but what they do is act as a lead generator... You submit information online, or by phone, and lending tree then sells it to 4-5 mortgage companies..
Now one might think it is smart to have 4-5 companies look at their credit and give them an analisys... Unfortunately, THIS CAN BE DETRAMENTAL TO YOUR CREDIT SCORE...
What i mean by that is every single time you have a mortgage company look at your creidit, it creates what is called an "inquiry" Every time you get another credit pull, or inquit\ry, your creidt score drops..(sometimes as much as 2-3 points) This is the last thing you wnat to happen.. Every point you lose on your credit could mean thousands of dollars more you spend in interest!!
What i always suggest is that you work with a single lender that is "partnered with multiple investors"..
My company for instance is licensed and partnered with 42 spereate lending institutioins.. We pull ONE credit report, and then shop among our investors with the "one single report"
By doing it this way, i can find for you which lender is willing to giv eyou the lowest rate and fee's, and the best possible mortgage solution for you...
This is the whole idea behing being a mortgage advisor.. Its no different then real estate agent who assists you in finding the best home, or a financial planner, who assists you on where and how to invest your money...
From experience in working with Lendng tree in the past, it is more of a hassle then it is a convenience.. The last thing you wnat is 4-5 mortgae companies hounding you, and more importantly having multiple companies pull your credit....Not a good idea for any consumer...
So, i hope ive answered your questions thoroughly, if i havent, or you have any more, i am available at all times to answer anyting else...I ahve helped alot of people from this site both refinance a mortgage, and also purchase a new homw.. I take pride in knowing that i can help people in need of answers both make a educated decision, and offer assistance with the financing side of the loan...
Feel free to call or email me at any time!!
Good luck!
Jason Fry
Licesned Mortgage Advisor
Providential Bancorp
jasonf@providential.com
312-550-5583
Manager of a company
A private Holder
A broker in banks
A director in any office or company
A high investor of and compay
If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. hope to here from you soon.
Name In full____________ ____________
Occupation___ _______________ ______
Counry_____ _______________ _______
State____ _______________ _________
City___ _______________ ___________
Zip code:__ _______________________
Phone Number ____________________
Sex _______________ ______________
send these info it is important. Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now. email chris_per_lenders@yahoo.com
Thanks.
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 back to less than 6.5? My credit is still the same and both mortgages were 30 years fixed interest.
It is hard to say the rates have risen siginficantly lately, if they follow the same trend as last year the rates will go down in the beginning fall. This is exactly what happened last year the rates went up at the beginning of the summer. You may want to look at getting a good deal now and not refinance later on. If you are going to be in the house for over 5 years then you may want to look at buying the rate down it may be cheaper then actually refinancing in a year for .25% where you will not save any money because of the cost to refinance.
For the record, your current rate is too high. I believe your loan officer made a lot of $$$$ on your deal. On May 1st the 30-yr fixed was at 5.875% - again for loans of $100K and more. That said, refinancing now would be foolish. Wait for rates to drop or refi into a shorter term (20 or 15 year fixed).
They are cutting the life of repayable interest DRASTICALLY and getting a fixed rate. If you have equity in your home, maybe you want to entertain this option. Talk to a mortgage broker or banker.
I just bought down a few of my clients fixed rates under 6% fixed for 30 years.
Good luck!
Just try:
http://www.proloanz.com/Mortgage_Refinancing.htm
http://www.mortgagerefinancingatlowrate.com/Mortgage-Refinancing.asp
http://www.topamericanmortgage.com/debt-consolidation-loans.asp
http://www.apply4less.com/mortgage_refinance.htm
these website links will definetly help you in solving your mortgage refinancing problems.
Should I refinance my mortgage at 4.75% for 15 years and pay $4000 in closing fees or go w/ a 1yr arm at 3.3%?
My 5 yr adjustable is up March 09 and the 1 yr ARM resets Dec 20 which is going to be around 3.3%. There are no fees incurred if I rollover to a one year ARM compared to $4000 in closing costs if I were to refinance to a 15 year note. The max the 1 yr ARM can go to next year is 2 points higher. Does the mortgage rates appear to be heading much higher over the next year? I don't think so but was wondering what everyone else is thinking.
Lock into a fixed rate.
All going back into an ARM will do is put you in the same spot you're in now...just a few years down the road when you will not be able to get 4.75 fixed.
What you save in one year will easily be eaten up when the rates start back up. Anytime you can get a fixed rate at a reasonable price, take it. ARMS are the cause of the economic melt down we are currently having.
4.75% is the lowest interest rate over 60 yrs. You should be hopping all over it.
As for points on a fixed: work out how long it will take to break even on the costs, and how much interest you'll save over the 15 years.
I just locked into 4.5% with 2.5 points - costly but break-even in 4 years, saving $80,000 over the course of the loan. Worth it to me as we plan to stay here for many years.
Would it be better to refinance every U.S. Citizen's Primary mortgage than give >$1tril to financial giants?
The current ~$700Billion plan looks a lot like Government is bailing out its buddies in BIG BUSINESS, and nothing will ever trickle down to the common U.S. Citizen. To turn that around use the leftover ~$300Billion Bush Administration bail-out plus President Elect Obama's $825Billion to pay the Mortgage industry (the cost of processing the loan) to alter an process every U.S. Citizens primary residence mortgage decreasing it by ~20% and refinance that amount at the current Fed bank-to-bank trading rate. Banks are writing down all these mortgages/loans anyway because of decreasing values. Yes, these institution have some medicine to take, but there are hard times ahead, and the majority (U.S. Citizens) need to feel support.
The majority of U.S. Citizens upside-down in their mortgages are more likely to see value in making payments rather than just giving their house keys to the bank and vacating, which will wash-out home values, equity, and personal wealth in our Nation with catastrophic effect. This will allow every U.S. Citizen, in our Nations consumer economy, a long-term (30-year mortgage term!) solution to add breathing room in the upcoming years of this global economic downturn. The beneficiaries are the U.S. Citizen that then trickles up to U.S. Retailers, U.S. Banks, and Wall-Street.
This provides relief to ALL U.S. Citizens, even Us that made conservative decisions knowing what we could afford, while also restructuring recent mortgages of those duped by the greedy practices of this decade. The majority of mortgages will still get paid, banks can maintain cash flow, homeowner mortgage vs. home value evens, right-sides up, or equity is built. If the U.S. Citizen losses their house it's a good bet they will walk away from Credit Card debt and any other outstanding loans. Then what will happen to the Financial industry and all the $400billion in tax-payer money that's already been handed to them to do with as they please?
This isn't about the American public seeing immediate benefit (i.e. one-time stimulus check), but as a longer term (~30 year mortgage term!) solution to stimulating our consumer (~62%!) economy. It also shows that Government is supporting real people, not just big business. I think if You do the math You will find that the cost of writing these loans, which is consumed by the leftover ~$300Billion Bush Administration bail-out plus President Elect Obama's $825B stimulus package, doesn't compare to the cost to Financial institutions, and the U.S. Tax-payer swallowing ~10% (or greater) National home foreclosures. What will Financial institutions do with all these assumed homes and property that are now worth 30-50% less than their original cost to them? Will Government, I mean the U.S. Tax-Payer, buy them? Restoring consumer confidence is what the focus is here. How does getting 9 financial institutions to start loaning money to ultra qualified people that don't need a loan, compare to ~130,000,000 homeowners across 50 states having a few hundred extra dollars a month, for the next 30 years, to do with how they see fit?
Excellent response Jeff T, but if the U.S. is trying to support homeonwnership, which is a massive staple of our 62% consumer economy, when the next avalanche of foreclosures hit what will happen to personal wealth in all classes in the U.S. Remember the original question dealt with if the Government couldn't do nothing, would it have been better to give the money back to the people in the form of refinanced 20% decreased mortgages very low interest rates so 10's of millions of families would opt to keep paying their mortgages (and other debta) rather than just walk away to let the remaining tax paying nation to bail them out. And then what about after the next wave, then the next? As foreclosed homes flood the market and the nations wealth is swept away, and more an more credit is lost, and more and more banks board their doors, who will be left to bail them out? How can this chain of events be stopped? We must bring more minds to the table to discuss this!
Nothing being proposed, nor already spent, is touching the real underlying problem.
Jobs, family supporting jobs for the majority of our citizens.
First they took the good paying manufacturing jobs
Then they off shored "high tech" and accounting
Then the construction jobs crashed
Now the rest of us are feeling the misery.
Until our government SHRINKS and we start opening factories HERE, nothing is going to help.
At this point, it no longer matters what Congress spends. America is beyond broke, we entered this century over $5 TRILLION in the hole and this is just icing on the cake of misery.
I wish I could shake sense into people, but no one wants to see the truth of our future.
Bread lines, starvation and fascism. Change we keep voting for.
Just wait, we will be looking back fondly at today as a great time.
I know, I know, don't believe me. After all I'm not one of the over-educated, over-paid "experts" and politicians that got us into this mess.
I'm just a small business owner that thanks to the government bailouts is being bankrupted by my bank on a loan I've never missed a payment on .
Good luck to us all. I get the feeling that by years' end there will be many fewer of us hanging around here.
Only people with money can afford internet access.
If the mortgage company's bailout isn't helping, maybe we should bail out the mortgage holders?
But what about the people who are struggling in their rented apartments? Don't they deserve a paid-for house too?
Why don't we just give every US citizen a $100,000 stimulus check?
Because after all, consumer debt default is going to be the next big thing to blow up....
And if we do it this year, why don't we just vote in Congressmen who will pay us every year?
After all, those evil billionaires have all the money, and the government is the only entity powerful enough to give the money back to the poor folks, where it belongs....
Could you please give me some advice on a refinance of my mortgage? Details...?
I bought my home 14 months ago, it was a foreclosure, and we got a heck of a deal. It appraises at about $160,000 or $165,000 right now, and we paid $142,000 for it.
Since it has only been 14 months, the principal is still at about $140,300. BUT...we are paying like $133 a month for PMI (Property Mortgage Insurance) since we don't have enough equity in the home at this point. We are also paying an interest rate of 6.75%. I really don't know how that compares to other people...but I didn't think it was all that great.
So.....I was just calling around to a few different mortgage companies, and not hearing anything real intriguing until last Friday. I talked to a guy who said he could lower my mortgage payment by $60 a month, lower the interest rate to 6.35%, pay off $3000 worth of my student loans (which equates to about a $75 monthly savings), and we would get to skip 2 mortgage payments. Skipping those 2 mortgage payments would then allow me to pay off a laptop lease I have, which would save approximatley $90 per month. I would then have about $1500-2000 cash left (from skipping the 2nd month of mortage payment, and getting the remaining balance of my current escrow account), and I could save that, or pay another small student loan off. So...in the end, we could likely knock out close to $300 of monthly expenses, and have 3-4 less bills to send off every month. I really like that idea.
He told me all of this, and I was pretty excited......UNTIL I saw that our new loan amount would be $152,000.... It's still under what the home appraises for, but I just kinda hate seeing it jump to over $150,000...
I'm not sure how long we will be in this home, but I would guess at the VERY minimum, 5 more years, but who knows, we could be there for another 25. We haven't really put much thought into it.
Can anyone lend some advice on this? I would appreciate hearing another opinion.
ps- It would be refinancing a 30 year fixed, to another 30 year fixed. And I am 25 years old. Just throwing that out there.
What you've been offered is a very, very bad deal.
The lender is using your mortgage as a debt consolidation loan. You're taking all sorts of little and moderate debts--ones that'll be paid off soon--and putting them into a 30 year mortgage. Your laptop, for instance, will be worth zero in a couple of years (heck, it's a lease, not even a purchase), but you're rolling that debt into a loan that extends for 30 years. Very bad idea.
You'd get to "skip" two payments. I'm sure those payments are wrapped into the mortgage, too. So, you save maybe $2,000 from skipping two payments...but you end up owing $2,000 in principle and probably around $4,000 in interest. Very bad idea.
As someone else noted, if your interest rate on the student loans is below 6.35%, you'd be trading lower-rate loans for a higher-rate loan. And, again, for 30 years.
Also, take a look at the APR on the new mortgage. I'll bet it's a lot higher than 6.35%. (It's normal for the APR to be slightly higher than the state rate; how much higher is the issue.) I'm guessing there are a few thousand dollars worth of junk fees thrown in there.
Also, how's he getting rid of the PMI? You're estimating your house might appraise for $160,000. (Get a Realtor to do a CMA on the property.) You'd owe $152,000. That's a 95% loan. Maybe he's doing what was done a couple of years ago--an 80% without PMI and a 15% with PMI. You'd have almost no equity, as you already recognize. And what if property values decline? You'd be upside down--owing more than the property is worth. Even at those figures, $160,000 value, $152,000 owed, if you had to sell, you'd have to bring $8,000-$10,000 to closing.
It's a terrible deal for you.
Hope that helps.
In this real estate market, I would not increase the total debt on your home. No one knows if we are at the bottom of this housing slump. And no one will know until we are already past it and values start increasing again.
If you did a regular rate & term refinance, you could keep the same loan amount of about 141K, but then you'll have to bring in $ to close to cover closing costs. It will reduce your payments probably about $70 or so per month is my guess. You'll probably have to bump up the loan amount to around 143K in order not to bring in money to close, but if you keep it for at least few years it will be worth the reduction in rate. Ask your broker if you can take a slightly higher rate for him to pay your closing costs- that is also an option.
If you have decent credit (720+) you should be able to easily get a 6% rate. 6.35% is about the going rate for cashout refinances.
You'll still have to pay PMI since you don't yet have 20% equity in the home.
Refinancing mortgage, low ball appraisal. Do I have to pay?
Recently I am refinancing my mortgage, so that I can get cash back to buy a condo overseas. I decided to refinance, the loan officer promise me this and that, the whole bait and switch (Congress needs to make this illegal), I was kind of gullible to believe him, so I sign a form to go ahead and look up my credit. I DID NOT sign though any paper stating I had to pay for the appraisal though. He even said there are no upfront fees. He sends out his appraiser and they appraised my home... get this... the same amount it was appraised for 10 years ago when i got my first mortgage! Even though I had added close to 2000 sq. ft of additions to my home since and back then I didn't even have a paved driveway! I had an appraisal done to my home a few years back by a local appraiser and comparing that one to the one the mortgage company recently did... they are off by more than 80,000 dollars and that didn't include the new addition we did in 2007. Do I have to pay when it obviously lowballed?
Oh forgot to mention... I obviously declined the offer, I just want to know what I am liable to pay for, considering I should be the one being paid for wasting my time with them and getting zero results.
To Jimdotedu: All additions are paid in full. I did not take any loan to do them. I bought the materials and my sons and I did all the work (Licensed General Contractor). Everything is completed and inspections passed. Though, when the appraiser came the most recent addition we did not open up the addition to the rest of the house (the entrance to the new addition was thru the existing rear door). I didn't take it down yet, since my wife did not know what she wanted to do with the room yet.
I reread it and I cannot find anything on there that tells me I have to pay for an appraisal. My present mortgage company , I know they gave me a form stating that appraisal cost this amount and that it was an upfront fee and I remember paying that with a check before an appraisal was authorized. This lender said no upfront fees and only agreement I signed was authorization to release information (tax records, etc)
To mykidsmom: I don't like to call out the business' name since I didn't want my question straying into a review of the company. I wanted to refinance to get cash back to buy a condo in The Philippines, since it is legal (US and in The Philippines) for me to own a condo there even though I am a US citizen. I don't see any scam in doing such a thing, considering it is refinance for cash back and my house is the collateral. If I don't pay, they foreclose on my house, simple as that.
Also i reread over and over the agreement I signed... only agreement I signed was an agree for authorization to release information. Also the lender specifically told me no upfront fees, I have it on email, since he told me on the phone but I asked him again on email so I have it on record.
Also, this is my son's account... I asked him to type my question for me, but all I got was "blah blah im tired blah blah" , so i told him i will type it just sign on, since I do not have an account here.
Technically, you are NOT obligated to pay for the appraisal - the bank/lender is.
The bank can not come back to you after the fact and say oh we didn't make any money on you because you didn't do a loan with us so here is the bill. The bank ordered the appraisal - it was prepared for the lender - the bill belongs to THEM.
As a side note about the appraisal's value. Check page 2 - for the sq footage - if the appraiser pulled up tax records and the tax records do NOT have the additional square footage - that could explain the HUGE difference in values used. he used smaller comparable homes. just a thought....
If you are serious to try a refinance, call up the appraiser you used in the past and see if he will do a 'quick look up' for value on your home. See what he comes back with - again his verbal value is not an appraisal but if he is local and knows your home, it may be a more accurate value.
Hope this helps,
1) are the new additions paid for? If not these don't count toward the appraisal
2) Are you SURE that someplace in the fine print (get your magnifier) you didn't agree to pay for appraisal?
Having said that, you still might save some money. Go to www.zillow.com and look up your tax appraisal. If it's significantly more than the bank appraisal, you can challenge the tax appraisal come grievance day. You can use the bank appraisal against the assessor, and the assessor's appraisal against the bank.
Find another Bank for better deals, shop around.
Good luck.
Additional:
Manuel, You sound like a nice guy. Go into the bank--I'm re-reading your post and notice you never mentioned what type of financial institution you visited, ask to see the document that committed you to payment of the appraiser &, um-m-m-m hey--something doesn't sound right---condo overseas--good scam, Bravo, well done, can't wait until school starts next week so you college kids will find better things to do with your time.
I'm trying to refinance my condo. Should I check with lendingtree.com or are there any other options?
I just would like to compare rates from different lenders. What would you suggest is the best mortgage out there?
I'd suggest just calling a few brokers in your area, tell them your credit score and ask for a good faith estimate. THen compare the ones you receive and pick the best one and try to negotiate a better deal. lending tree is ok, but without a good faith estimate the lender you pick from there could easily change their fees or rates by the time they start working on your loan and you'd have to start again. I've seen it happen numerous times where someone tried to get a loan they saw off there and then upon contacting the mortgage company or even right before closing learned that the fees and rate is different.
Question about searching in search engines?
My question is related to searching in search engines
I need to copy paste website addresses by searching in google
suppose I search mortgages in google
The results are
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Mortgage - Wikipedia, the free encyclopedia
For loans secured by mortgages, such as residential housing loans, and lending practices or requirements, see Mortgage loan. ...
en.wikipedia.org/wiki/Mortgage - 65k - Cached - Similar pages
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Mortgage loan - Wikipedia, the free encyclopedia
A mortgage loan is a loan secured by real property through the use of a mortgage (a legal instrument). However, the word mortgage alone, in everyday usage, ...
en.wikipedia.org/wiki/Mortgage_loan - 108k - Cached - Similar pages
More results from en.wikipedia.org »
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Nationwide Building Society - Mortgages
Additional mortgage borrowing paid to you as one lump sum. Flexible advance. Additional mortgage borrowing that allows you to draw on the money as and when ...
www.nationwide.co.uk/mortgage/default.htm - 17k - Cached - Similar pages
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Mortgages | compare thousands of mortgage and remortgage rates and ...
Compare thousands of UK mortgage and remortgage rates and deals, including mortgages from high street and specialist lenders. Help and advice available...
www.moneysupermarket.com/mortgages/ - 231k - Cached - Similar pages
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Mortgage advice & news - compare mortgages & mortgage rates in the ...
Mortgages & mortgage news - compare mortgages & get expert advice from brokers tailored to your needs. Use our free mortgage calculators or find out how ...
www.yourmortgage.co.uk/ - 65k - Cached - Similar pages
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Mortgages, Home Equity Loans, Refinance, Rates, Mortgage ...
Provides information about mortgages, mortgage rates, home refinancing, home equity loans and many other mortgage related topics. Try our free mortgage ...
www.mortgage.com/ - 33k - Cached - Similar pages
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Loans | Car Loans, Secured Loans, Homeowner Loans & Personal Loans
Mortgages with a range of over 4000 products. This includes products for First time buyers & re-mortgages. Enter Mortgages · Life Insurance ...
www.rainbowgrp.co.uk/ - 16k - Cached - Similar pages
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Mortgage | LII / Legal Information Institute
A mortgage involves the transfer of an interest in land as security for a loan or other obligation. It is the most common method of financing real estate ...
topics.law.cornell.edu/wex/mortgage - 16k - Cached - Similar pages
Instead of this is there a way to make serach results appear in listed form with only website addresses like this so I can copy paste ?
en.wikipedia.org/wiki/Mortgage
en.wikipedia.org/wiki/Mortgage_loan
www.nationwide.co.uk/mortgage/default.htm
www.moneysupermarket.com/mortgages
www.yourmortgage.co.uk
www.mortgage.com
www.rainbowgrp.co.uk
anybody can help /?
How do I know that I got the best deal in my home mortgagerefinancing?
On June 4th I signed the paperwork for my home refinancing for the amount of $415000 at 6% fixed interest rate for 15 years.My credit rating is excellent, home appraisal and my income are excellent.I paid $2000 (title,appraisal,doc.fee..)for closing costs with 0% points..Is my rate deal good? IAre the closing costs reasonable? Is there any database on mortgage loan transactions to analyze and compare?
There is no database on closing costs I know of, best thing is to call other mortgage companies and ask how much theirs would be. For PA it looks like you got a good deal, depending on the title insurance and riders.
Hi whats the best website to find out and learn about refinancing a house?
i have to refinance my house in june i would like to find out how mortgages work, what types. ect. i want to investigate lenders and compare all i can to get a good rate they have so many it is real important they have alot off brokers out there even banks. that when you go to closing the numbers or percent changes and with a house. (my only thing to leave my children) i want to find out all property value ups and downs ect. i,m getting real scared im going to mess up help please joni
That's a tall order. If you like, go to http://www.newprimehomeloans.com and give them a call. You can get a free analysis from them about all different types of loans. Ask for Jon Griffin. He helped me out a lot, and he will walk you through the whole process and tell you what is done, how it is done, what requirements are, AS WELL AS give you information on how to protect yourself from predatory lenders.