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When refinancing with a lender whether or not you use a mortgage broker, you should have all information about the proposed loan disclosed to you in writing in advance of signing or paying for anything. Compare apples to apples by comparing loans with the same term, and amount. Look at the interest rate, whether or not there is a penalty if you prepay, and be sure that your are comparing a fixed interest against a fixed interest rate, or an adjustable rate to an adjustable rate mortgage. Do not confuse the two and become educate before you sign, not when it time to make a payment! Its pretty much like buying a car, in that you can almost always make a better deal once you understand the process and find the least greedy sales person.
AnswerOk so I have some lenders I work with who are banks with names you would recognize and then I have a group of lenders we call "SubPrime" and Alt-A.Here is the inside "skinny" Bank Lenders are usually A paper (not Alt-A) lenders. You usually have to have a loan that is fully documented( all your income, verify everything, bank statements most like not go outside the lines or have anything unusual with your loan Most will not consider your loan if your FICO score is under 640 or you have a debt to income ratio that is over 50% (I am being generiuos with this ) Mortgage Brokers are a better bet because they shop your loan and get your the best rate. Brokers have access to banks you will have access to your have ever heard of so sometimes this is a good way to go.
What to ask the Bank. What are your points, what is my rate/ , is it fixed ,interest only can i buy down the rate with points in the front is it Amorized I would like a Good Faith Estimate of my closing costs ...Good Luck Nora
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Where can one find information on refinancing their home mortgage?
To find more information on refinancing your home mortgage, you should ask an appointment with your bank. They will give you the information you need. You can also try to find information on the website of your bank.
Where can one find information about refinancing costs?
One can find information about refinancing costs from government-hosted websites. These websites contain abundant information on refinancing and its costs. In addition, one can ask one's peers for information and get tips on refinancing.
Does refinancing your home negatively effect your credit?
It can if done improperly. Be very careful during the process and if you get an attorney to help you through it, ask him or her about any possible negative effects in your case. Below is an article on refinancing.
When your house for sale was already off from the market can you refinance?
Whether your house is still on the market or not, the real question to ask is 'Do you qualify for refinancing?
how do i set up on line banking?
You first need to have a bank account. If you have one you notify your bank and ask for a user name and password. Some banks allow you to do it yourself other will do it for you, You just need to know your specific banks policy.
Where can one find information on refinancing their home mortgage?
To find more information on refinancing your home mortgage, you should ask an appointment with your bank. They will give you the information you need. You can also try to find information on the website of your bank.
Where can one find information about refinancing costs?
One can find information about refinancing costs from government-hosted websites. These websites contain abundant information on refinancing and its costs. In addition, one can ask one's peers for information and get tips on refinancing.
How can you get the cheapest car loan?
you have to ask banks i know key banks min is like 5k and the monthly payments will be low if you have amazing credit
Bernie Madoff claims the banks knew about his fraud but turned a blind eye-is this true?
Probably not, but don't quote me. You should ask the banks in person or email them or write a letter to them or send a text or something. I honestly don't know, though.
If your friend wants you to ask a guy if he likes her should you ask him?
If she really wants to know she should ask him herself.
Does refinancing your home negatively effect your credit?
It can if done improperly. Be very careful during the process and if you get an attorney to help you through it, ask him or her about any possible negative effects in your case. Below is an article on refinancing.
What are some companies that will refinance motorcycles?
Most insurance companies will also offer refinancing for motorcycles. One should first and foremost contact their local companies to ask about special deals and packages.
Should you ask a cute girl out or get to know her better?
If you want to go out with a girl you should always try and get to know her better before you ask her out.
Is it true that if you dont know you better ask somebody?
Yes, when you don't know something you should ask... Even if it's embarrassing you, you should ask. Also read for understanding.
You know this girl likes you and you like her what should you do?
You should ask her out!
Why should i ask you for an answer?
Because I probably know it :).
Iwant to ask a girl in your class out but you donnt know if she seeing anyone what should you do?
Either slyly ask her if she is, or ask around. Someone in your school should know whether she's with anyone or not.
