Refinance

Mortgage rates are dropping the past three weeks. Many borrowers who have closed their home loans with rates in the 7% should maximize their credit scores to be ready to refinance in the coming months

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Where are Mortgage Interest Rates at now and where are Mortgage Interest Rates headed?

What are the current home loan interest rates?

What is a refinance home loan?

I will be quick to lay out my situation, and I am curious if there are any FHA Manual Underwriters who can do loans in Phoenix, AZ. I’m still working with my broker now but it’s been several months and

still no closing. I’ve refinanced FHA in the past with no issues, and this time, it almost feels like the banks are not approving these loans, even though they are advertising historically low rates.

1. I have had stable employment for two years, coming up in August. With my existing employer, my employment type changed from 1099 to a W2 in April 2019.

2. I have never missed a mortgage payment nor applied for COVID-related deferments.

3. My DTI isn’t the best, but my income has increased since the last time I did an FHA refinance several years ago. My FICO is over 680.

4. The purpose of the refinance is to merge my primary and secondary (HELOC) into a fixed low rate. I do not know what the max LTV ratios are but I’m pretty close to the max if it is 80%. However, I can bring cash to close if required.

5. Increase in income, stable employment, no missed payments on my mortgage EVER, and Quicken denied my refinance and would not tell me why a week before closing. I told them I’m never doing business with them again. I tried working with Northstar, Interactive, and now United Wholesale Mortgage, and it’s been literally three months and still no closing.

Is there something going on with FHA refinances right now that I’m not aware of? United said they are working on a manual underwritten FHA refinance but I have gotten absolutely no feedback in a week and am beginning to think the deal may be dead. If I don’t hear an update by the end of this

week, I’m going to pull it and place it somewhere else, unless there is a reason why this can’t be done that isn’t being disclosed to me.

Am I missing something here? Do I just have the worst luck in the world or is there a bigger problem brewing?

How long does a manually written FHA refinance typically take? If you feel you can do a manual FHA refinance, please contact me. DO NOT WASTE MY TIME WITH CONVENTIONAL AS I TRIED SEVERAL TIMES AND IT WON’T GET APPROVED.

Should 2 late payments on a time share stop my refinance from going? Should I wait out filing bankruptcy if debt collectors are leaving me alone?

In my 39-year marriage, I’ve gotten my husband out of debt twice by taking on part-time employment while working full-time. Now he’s there again and is not willing to share what these debts are. Our first mortgage was paid off earlier this year. Our second mortgage (consolidation loan) will be paid in full by Spring of ’08. As of that date we will be listed as joint with ownership of our home and the IRS-that’s all. As a result his not filing for several years we owe an approximate balance of 10K which I am paying via payroll deduction. I have already paid 7K. I am desperate to break free of his negative influence. Can someone share how filing separately once the mortgage is paid off would affect a re-fi or equity loan in MY NAME ONLY? Is this at all possible?

On average how long does a REFI NANCE MORTGAGE process take from start to finish?

I would like to refinance my mortgage. My credit score is currently approximately 695-715. I have a Chapter 11 that was discharged in June 2020. I would like to refinance by adding a co-borrower with a credit score of 780-800. My current home value is approximately $420,000, and my current principal balance is $218,000. I would like to take $100,000 from equity. Can you help us?

That’s it, I’m looking to refinance. Initially quoted me a 30-year fixed at 6.5% in March, but when the underwriters got through with me it was a 30-year interest-only with 8.25%. Not happy! Nevertheless, my lender – LendingTree.com- grants returning customers a refinance at NO costs.
The general situation is here. Any advice appreciated.
I owe CC debt approx $60K (AVG. APR 6.5%)
I have Interest only Home loan (8.25% $366K, 100% financing)
I earn 7K/month
Net Current monthly liabilities $6,200 (cc payments, mortgage, insurance, etc)
I have cash of $20K
Credit score 680

What to do with the cash? Am I to pay off some of my CC debt to boost my credit score or make a down payment to get a better mortgage? How about buying points, and which way is the lending market looking to go within the next 6 months?

Can I sell my house right after doing a cash out VA refinance?

When should I consider refinancing?

Can someone will a credit score in the mid to high 500s with steady income be approved for a refinance?

Can I refinance my FHA loan if I am unemployed OR do I need to wait until I get a job? Can I do an FHA streamline refinance loan if I am unemployed?

What factors determine a REFINANCE mortgage rate other than an individual’s credit score?

What do we need when refinancing our home that is currently on a land contract?

Can you tell me what is a HARP mortgage loan? How Did HARP LOAN WORK? HARP Replacement Program. Is the government HARP Mortgage Program Real? Is the HARP Mortgage Loan Still Available?

My credit score is low and a lot of credit cards are pending. Should I refinance my home to consolidate the debts?

Mortgage rates today have been steadily declining. What are Mortgage Rates today?

Where can I get the best mortgage rates?

Have a case scenario. If I own a house in a Trust, can I refinance my house in a Trust or do I need to take the house out of trust and refinance under my individual name. And if I refinance under my individual name can I put the house in a Trust after the refinance or will the mortgage lender call the note due.

What is the main differences between a 15-Year Versus 30-Year Fixed-Rate Mortgage? What benefits and negatives is between 15-Year Versus 30-Year Fixed-Rate Mortgages? What are the pros and cons on a 15-Year Versus 30-Year Fixed-Rate Mortgages Comparison on home purchase and refinance mortgages on both cash-out refinance and home purchase loans.