Home Bank of California Refinance Mortgage Rates – San Diego Home Loans Dip to ... Subprime Blogger (blog)
Taking the time and effort to do extensive financial research on an individual situation could prove to be greatly beneficial for individuals looking to save money. With this in mind it may be a wise choice to access the FTC supported annual credit report at the website annualcreditreport.com.As we get closer to the fall of 2011 will be very interesting to see what happens with the 10 year treasury rate yield and fixed mortgage rates. Since 1971 the 10 year treasury rate yield and the 30 year fixed mortgage has had a very strong correlation and that is likely not going to change in the near future as the federal reserve bank continues to help keep interest rates near all-time lows.
Even though interest rates are likely to stay low and may be a wise choice to take advantage of the low interest rate environment today. Unfortunately, financial markets are very unpredictable and if there is a strong recovery in the next several months it could be the case interest rates start to move higher. With this in mind it may be a good decision to start research sooner rather than later.
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San Diego 6 Morning Show, San Diego Mortgage and Short Sale Info.
The San Diego 6 morning show talking about San Diego Mortgage options and Property short sales. Joe Feinhandler and John Dupree talk about the San ...
First time home buyer San Diego. Should I rent or buy?What type of loan should i get?
I have been pre approved for 280k.I make about 3200 after taxes.I don't have money to put down.I have 5500 in credit card debt and 558 car payment(that I'm going to refinance).I have a credit score of 628 nothing negative on my credit report.I'm in the military and will be in SD for awhile. I don't want to rent and let my money go to waste but with the market so high i'm not sure if i should buy.Everyone out here is just out for your money and not your best interest financially.If anyone could give me some good advice i would really appreciate it.
Thanks!
House can be a good investment, but I don't think you can do that at this point. In SD, $ 280,000 doesn't buy much. May be studio condo, if you are very lucky.
say borrow 280.000 30 year fixed at 6.20 %
Monthly payment $ 1714.91
Home/ Mortgage Insurance 100.00 ?
Property Tax 150.00 ?
Credit card interest at 12% 30.34
Car payment 558.00
Condo fee 500.00 ?
That 's $ 3053.25 per month. This is not include your car insurance, your credit card principle, Utility cost, foods, gas, clothing , etc........
Even you refinancing your car, this won't make much different. Interest only mortgage is very dangerous in today's market. Difficult to get a roommate on studio. Unless if you can get the housing allowance from military, I don't think it's a good idea at this point.
Keep your good credit score, and save some money for future down payment. I am sure you will buying the house in few years.
http://www.car.org/library/media/papers/pdf/Steps2000.pdf
I need to foreclose on our home with 2loans?
I have a home in San Diego, Ca. Can't refinance and can't sell. Owes more than home value and high 55 credit ratio and no cash to put down. I have 1st loan (with lender A) and 2nd loan from (lender B)on this home. What is going to happen to both my loans after I foreclose on my home? Will they still come after me?
In Missouri Lender A or the 1st mtg holder after forclosure can come after you to make up the difference what you owe. Lender B the 2nd mtg holder is just out of luck...
Selll the house & pay the lender the difference. Why can't you refi? If your credit is good then it should not be a problem.
Even if that is the case you should be responsible enough to know when you are getting in over your head. If the bank forecloses on your property lender A will sell your house and any money they make will go to them to pay off the loan you have with them. If there is any money left over after they have covered the loan they gave you lender B will get the remaining amount to pay off the loan you owe them. If there is nothing left they will go after you to try and collect - sounds like a bankruptcy is in the future for you. Once you get your credit back and buy another house don't dig yourself so deep again. I don't mean to be so harsh I know it must be a stressful situations, but I see it all the time (I am in the real estate business) and I am tired of people making all of these horrible real estate decisions without putting any thought into future.
As far as your credit, if you are more than 2 payments behind I would imagine all of your credit card companies hit you with the universal default and you are probably paying 30% or more on your cards. Very difficult to reverse.
If you can't get the banks to discount your mortgage and have no hope to refinance or sell then I suggest you file a bankruptcy to at least give you time to do either. Your credit is shot already. You don't have to necessarily complete the bankruptcy. It can be dismissed at anytime. If they didn't before the bankruptcy, the banks might be willing to discount. If so go ahead with the refinance or sale.
In a foreclosure, either lender can come back and file for a deficiency judgement if the property doesn't bring enough to pay them off. The only thing the foreclosure sale will do is eliminate the lien on the properties to the new buyer. You are still liable to the lenders for the full amounts.
Talk to your Agent they should have many different options for you. If you do not have an agent then get one.
I help people in foreclosure. You're better off selling it via a "short sale" than to let it foreclose. Please contact me to see how I can help you out.
Regards
diego home refinance san - News
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