The interest rate is 3.49% on the home equity line. Will this be going up soon? I just worry that it might go really high sometime. The rate is tied to the wall street prime rate. Prime – 1/4% Depends on what it’s tied to. If the rate is tied to the prime rate, then [...]

Ok Guys, Im new to this whole home buying thing, but I just have a question because I hear about it all the time. When someone refinance a house after a few years, they get a lower rate and they have amassed a good amount of equity both from paying the mortgage and from increases [...]

I would like to refinance my home while rates have dropped and also consolidate my credit card debt by rolling it into the mortgage payment. I don’t know much about how any of this works, so any advice is welcome! You can refinance anytime. The question is appraised value. Some companies require a seasoning period [...]

I have 3 rental homes and now the variable rate interest went up to 13%. I can’t make it work to rent them out and pay taxes and insurance. Not to mention repairs, etc. I know my credit is horrible. I couldn’t pay the credit cards a year ago and went into default with them. [...]

We have been in our home for 3 years under a 30year Fixed mortgage. Our current rate is 6.75% and we had put just over 20% when it was initially bought for $264K. Our current principal balance is at $204,604 which is what I assume is the amount that the new mortgage is based off [...]

When you refinance your home with another mortgage company then the one you have know, who lets them know you’ve gone with another mortgage company? Are there penelties? We are in a sliding rate and are trying to get into a fixed rate. thanks! the new mortgage company will order the PAYOFF ….usually done by [...]

My husband I just bought home in July 2008 for 87k. Our interest rate is at 6.25. With the mortgage rates falling because of the economy, we would like to refinance to pay off some bills and to get a lower rate. We are first time home buyers and have a fixed 30 year FHA [...]

Hi, My husband and I bought our home 2 years ago on with an adjustable rate mortgage. The interest rate has now come up and we need to refinance. The problem is that our credit score is about 600. Can we get a refinance? Our home is worth about $240K, we have $25K in debt, [...]

My home will be paid off in 2017. We purchased it in 1987 with a var rate the worked well for us at that time. My mortgage rate has increased from 687.00 to 892.00 over the past two years. I suspect it will only continue to rise. I owe approxiately 47K @ 6.8%. How can [...]

I need to refinance my second/investment home in Milpitas California and I’m looking for a mortgage broker or a bank that offers lowest interest rate based on 700 or more fico score. Preferably a loan program with minimum monthly payment is preferred. find the best rate you can find and then add 1% (1 point [...]