Archive for the ‘Renting & Real Estate’ Category

Refinance with bad credit?

Terissa M asked: My husband has poor credit and is stuck in an ARM loan on his house, which he has NEVER missed a payment to. He is currently with Wells Fargo and they are requiring 2 tax years at the same job before they will refinance us. Does anyone know a company that is [...]

I am applying for a 30 year fixed mortgage for an investment condo–what rate could i get?

jds asked: This is an investment condo in Boston–sale price is $125000–I am putting 25% down. No points. I have excellent credit. Would be interested in knowing 30 year and 15 year fixed rates. Thank you.Edith

Credit Score 690 what should be my interest rate?

WindowsVistaMan asked: I have a credit score of 690 and I need a to buy I house in Los Angeles for 675,000. I also have a Bankruptcy on my credit report from 6 years ago. My credit has been excellent since my bankruptcy 6 years ago. I applied for a “Low Doc Loan” and was [...]

Why are so many people losing their homes because of ARM’s?

Jennifer K asked: I understand the interest goes up but why in the beginning do they think they can handle that? Are they always planning on doing a refi and getting a fixed rate but then can’t because they have created credit problems?Jeffrey

I want to refinance my ARM to a fixed rate mortgage, what are the steps to take?

Claudio F asked: I want to refinance my ARM to a fixed rate mortgage, what are the steps to take? I have $67,934 mortgage+ $22,000 home equity loan=$89,934. I want to pay it off in 15-22 years. My credit score is 707. The house is worth only $75k now. We want to stay in the [...]

I have a fixed rate on my home but it is no longer worth what i purchased for.What can i do? Helpp?

Mona asked: I purchased home about 1yr ago for 260,000 but no only worth about 150,000 I have a fixed rate and are able to make payments on mortgage but I just think it is unfair.. Is there anything that could be done or I am just screwed…I thinking about just letting it go and [...]