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HLS.
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April 28, 2010 at 11:11 PM #17391April 29, 2010 at 7:25 AM #544759
HLS
ParticipantNicole,
It depends on if you can qualify based on a number of factors. For loans above $417K, if you have at least 20% equity and qualify, you can currently refi at NO cost to you at 5.25%. With a cost rates are lower.By saving 1% in rate you will save about $6000 in interest just the first year, and tens of thousands of dollars over 15-20 years..
Rates/costs/programs can change daily.
Please contact me privately for details.. HLSApril 29, 2010 at 7:25 AM #544873ParticipantNicole,
It depends on if you can qualify based on a number of factors. For loans above $417K, if you have at least 20% equity and qualify, you can currently refi at NO cost to you at 5.25%. With a cost rates are lower.By saving 1% in rate you will save about $6000 in interest just the first year, and tens of thousands of dollars over 15-20 years..
Rates/costs/programs can change daily.
Please contact me privately for details.. HLSApril 29, 2010 at 7:25 AM #545351ParticipantNicole,
It depends on if you can qualify based on a number of factors. For loans above $417K, if you have at least 20% equity and qualify, you can currently refi at NO cost to you at 5.25%. With a cost rates are lower.By saving 1% in rate you will save about $6000 in interest just the first year, and tens of thousands of dollars over 15-20 years..
Rates/costs/programs can change daily.
Please contact me privately for details.. HLSApril 29, 2010 at 7:25 AM #545448ParticipantNicole,
It depends on if you can qualify based on a number of factors. For loans above $417K, if you have at least 20% equity and qualify, you can currently refi at NO cost to you at 5.25%. With a cost rates are lower.By saving 1% in rate you will save about $6000 in interest just the first year, and tens of thousands of dollars over 15-20 years..
Rates/costs/programs can change daily.
Please contact me privately for details.. HLSApril 29, 2010 at 7:25 AM #545720ParticipantNicole,
It depends on if you can qualify based on a number of factors. For loans above $417K, if you have at least 20% equity and qualify, you can currently refi at NO cost to you at 5.25%. With a cost rates are lower.By saving 1% in rate you will save about $6000 in interest just the first year, and tens of thousands of dollars over 15-20 years..
Rates/costs/programs can change daily.
Please contact me privately for details.. HLSApril 30, 2010 at 10:07 PM #545509Nicole
ParticipantWe don’t have 20% in equity but we do have savings use it to refinance. I’m interested to see what people think about using our savings this way? Does it make sense to put more money into our house with dropping values?
April 30, 2010 at 10:07 PM #545622ParticipantWe don’t have 20% in equity but we do have savings use it to refinance. I’m interested to see what people think about using our savings this way? Does it make sense to put more money into our house with dropping values?
April 30, 2010 at 10:07 PM #546101ParticipantWe don’t have 20% in equity but we do have savings use it to refinance. I’m interested to see what people think about using our savings this way? Does it make sense to put more money into our house with dropping values?
April 30, 2010 at 10:07 PM #546198ParticipantWe don’t have 20% in equity but we do have savings use it to refinance. I’m interested to see what people think about using our savings this way? Does it make sense to put more money into our house with dropping values?
April 30, 2010 at 10:07 PM #546470ParticipantWe don’t have 20% in equity but we do have savings use it to refinance. I’m interested to see what people think about using our savings this way? Does it make sense to put more money into our house with dropping values?
May 1, 2010 at 6:57 AM #545539ParticipantEven without 20% equity you may qualify for a refi without mortgage insurance. If you don’t qualify for a lower rate without MI then additional cash is an option. Equity is only one part of being able to refi.
If you have the cash to get yourself into a better loan and plan on staying there regardless of market conditions and have the ability to save tens of thousands of dollars by doing so why would you hesitate ?
If the house drops in value but you are staying there for 15-20 years anyway, why waste tens of thousands of dollars in interest if you can avoid it ?
It depends on the value today and how much cash you will need but when you figure out the guaranteed return on the investment the guaranteed return will be incredible.
1. If you stay in the loan you are in you are definitely wasting money every month,
2. By putting more cash in you will have a much lower payment guaranteed and recoup the savings over a defined period of time.If you don’t qualify to refi then you are like millions of others who are just stuck in a high rate with no options. Foreclosure and/or selling are options if they cannot afford their payments.
There are not too many things that are guaranteed today.. HLS
May 1, 2010 at 6:57 AM #545652ParticipantEven without 20% equity you may qualify for a refi without mortgage insurance. If you don’t qualify for a lower rate without MI then additional cash is an option. Equity is only one part of being able to refi.
If you have the cash to get yourself into a better loan and plan on staying there regardless of market conditions and have the ability to save tens of thousands of dollars by doing so why would you hesitate ?
If the house drops in value but you are staying there for 15-20 years anyway, why waste tens of thousands of dollars in interest if you can avoid it ?
It depends on the value today and how much cash you will need but when you figure out the guaranteed return on the investment the guaranteed return will be incredible.
1. If you stay in the loan you are in you are definitely wasting money every month,
2. By putting more cash in you will have a much lower payment guaranteed and recoup the savings over a defined period of time.If you don’t qualify to refi then you are like millions of others who are just stuck in a high rate with no options. Foreclosure and/or selling are options if they cannot afford their payments.
There are not too many things that are guaranteed today.. HLS
May 1, 2010 at 6:57 AM #546131ParticipantEven without 20% equity you may qualify for a refi without mortgage insurance. If you don’t qualify for a lower rate without MI then additional cash is an option. Equity is only one part of being able to refi.
If you have the cash to get yourself into a better loan and plan on staying there regardless of market conditions and have the ability to save tens of thousands of dollars by doing so why would you hesitate ?
If the house drops in value but you are staying there for 15-20 years anyway, why waste tens of thousands of dollars in interest if you can avoid it ?
It depends on the value today and how much cash you will need but when you figure out the guaranteed return on the investment the guaranteed return will be incredible.
1. If you stay in the loan you are in you are definitely wasting money every month,
2. By putting more cash in you will have a much lower payment guaranteed and recoup the savings over a defined period of time.If you don’t qualify to refi then you are like millions of others who are just stuck in a high rate with no options. Foreclosure and/or selling are options if they cannot afford their payments.
There are not too many things that are guaranteed today.. HLS
May 1, 2010 at 6:57 AM #546228ParticipantEven without 20% equity you may qualify for a refi without mortgage insurance. If you don’t qualify for a lower rate without MI then additional cash is an option. Equity is only one part of being able to refi.
If you have the cash to get yourself into a better loan and plan on staying there regardless of market conditions and have the ability to save tens of thousands of dollars by doing so why would you hesitate ?
If the house drops in value but you are staying there for 15-20 years anyway, why waste tens of thousands of dollars in interest if you can avoid it ?
It depends on the value today and how much cash you will need but when you figure out the guaranteed return on the investment the guaranteed return will be incredible.
1. If you stay in the loan you are in you are definitely wasting money every month,
2. By putting more cash in you will have a much lower payment guaranteed and recoup the savings over a defined period of time.If you don’t qualify to refi then you are like millions of others who are just stuck in a high rate with no options. Foreclosure and/or selling are options if they cannot afford their payments.
There are not too many things that are guaranteed today.. HLS
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