Open Question: my wife drives and pays for the car her parents bought her. She pays but the loan is in their name? refinance?

one of my best friends parents home about 10 years ago. no house payment what so ever, just property taxes. he has a OK job and his wife stays at home with the kids. 4 years ago he seemed stumbled on a windfall, he all of a sudden had 2 new cars, took vacations every 6 months bought a boat., kids seem to have everything new. Turns out that he got a cash out mortgage on this, they gave him 107k, in all of this that intrest rate is like11percent. well he tried to refinance and his home is worth 71k. he talked to a realestate lawyer why it is under appraised, the lawyer claimed they over appraised him home 4 years ago by alot. they sued the mortgage company witch ownes the appraisal company won 42k. now he was able to refinance to a 71k at 6 percent. WTF, is this just luck? he showed me the papers showing that 42k, the bank also paid for the attorney fees.

Open Question: Can we refinance our second mortgage?

We bought a house last year with two mortgages. Because we only put down 10% for the loan, having the second mortgage of 10% of the loan, this way we don't have to pay for the insurance. This second mortgage has an interest rate of 9.75% while our other mortgage is at 6%. We want to refinance this second mortgage to a lower rate. Can we do that? Is there anything that preventing us from refinance just this second mortgage? There is no early payment (repayment) penalty on both of our mortgages. Thank you very much for your help.

Open Question: my wife drives and pays for the car her parents bought her. She pays but the loan is in their name? refinance?

she been making on-time monthly payments for almost 4 years. i want us to get the good marks on our credit report. I want to take out a loan for the car in our name.

do i need to, technically, buy the car?

Open Question: I have a lock in on a interest rate with a mortgage lender to refinance. No word from them. Time legal action.

Im w/ HSBC for my autoloan& HATE em!My hubby has auto loan w/ Redstone 6% apr.Owe $5k on the loan ('06 Ford Focus).I have a '05 Scion still owe $8,300. I've made OVER my monthly pymt every time on this loan &have 11.9% apr. we've never been late on anything:credit, cable, etc. & I've paid 13 payments on the car. I hate HSBC cust. service &happy to lower apr even just a little w another comp. We owe $87k on our mortgage-which we've had for 15 mos, a $400 bal. on my $2000 limit on capital one visa, a $500 limit from hsbc discover card (paid off and still open),$300 on furniture from 0% apr fr 12mo w 1st comm credit corp-orig. loan was $600, $2800 bal on my $4000 kay jeweler card (0%apr).Im 20- had credit since i was 16 & hubby is 22 had credit since was 18), normal bureaus no bad credit hist. Hes been at job for 1 yr bfr that was at one fr 3yrs. he makes $600/wk i make $800/ev 2 wks only at job 6mo but bfr ws at job 2yrs. Hes a tattoo artist no taxes yet only check stubs will this work

Open Question: Refinancing a home?

We've only been in our house for 6 months, is it too early to refinance?
more...

Open Question: I have a 590 credit score and need to raise it in order to get a refi on house,whats the fastest way to do it?

Need to refinance by May, otherwise my payments go up $500. Is there a chance I can refinance at a lower rate and whats the fastest, easiest way to boost a credit score?
more...

Resolved Question: Car loan refinance calculator?

Any one know where to get one.
more...

Open Question: I have a lock in on a interest rate with a mortgage lender to refinance. No word from them. Time legal action.

more...

Open Question: refinance, divorce, want to buy new home , help!!?

Ok, I own 2 homes.Both are listed as my primary residence,but obviously I only live in one and the other is rented.(Im sure I was scammed back in 2005 when I bought it)Now,the one that is rented is an adj rate mortgage going up and I cant afford it anymore. (because I cannot refinance due to the appraisal too low)Because of this other home I have I also have gone into a lot of credit card debt.I cannot keep up with our 2 car payments ,houses and credit cards.Right now I pay my house payment(where I live)my 2 cars and regular utlilities.If I file bankruptcy will I lose the house I currently live in and my cars? They are leased cars.The same thing happened to a friend and she did not lose her home,but did lose her car.A month after she came home with a brand new car! How does this happen? she also refinanced her home? I thought you could not get a loan EVER? whats the deal?

Open Question: Need major hw help. How much would it cost to refinance if.....?

Need some homework help.
A couple has a
70k mortgage, 1,660 monthly payments, 11% interest, it will be fully paid in 6 years.

They can refinance today for 8% for 15, 20, 25 or 30 years.

What will their numbers look like with each choice, including not refinancing?

Im clueless how to do this, any help will be appreciated

Open Question: Refinance A Car?

I have a car in my name for my boyfriend. I need to get the car out of my name and put it in his name before March 19. I dont think that his credit is that good is there any compaines that will finance a car for him that value at 49,000.00. If so could u please send me the information so that I can get him approved?

Open Question: Re-financing?

I bought a home 4 years ago on an adjustable mortgage. I moved out of the home to go back to school in a different state. My ARM ends in Aug 2009. When should I refinance it? I'm going to be a full time student by next Aug and my salary is not going to be nearly what it is now. Currently we are renting it out. I'm just curious about refinancing b/c I've heard/read too many horror stories of mortgage jumping up 200-$300 a month (which obviously isn't what I need or want).
Thanks

Open Question: refinance, divorce, want to buy new home , help!!?

this is my situation, I have a divorce and was awarded the home its still in my ex name, not in mine, also i want to buy a new house, if i refinance the old home into my name will that effect me buying a new home and qualifing as a new homeowner?

Open Question: I want to refinance my mobile home. It's in a park and I have poor credit. Any suggestions. jgretschm@yahoo

My 20 year old daughter has lived with her boy friend for 1.5 years now. They both work full time. The car that she drives is financed in my name. It was actually my car until I bought a new truck 1.5 years ago. I told her then if she took over the payments the car could be hers. well it has been a year and half and she has made one whopping payment of $247. I also pay the car insurance on it, $132 a month! They ( daughter and boyfriend) have limited bills, $200 a month rent, and utilities thats it. For the past two months she has told me, " I am going to the bank tomorrow to refinance the car" Last week I finally told her I was taking the car back if nothing was done. I have not heard from her since, will NOT answer her phone and will NOT return my messages. When is enough, enough? She continues to lie to me about everything it seems like? Her mother and I divorced in the last 3 months, I think her mother is telling her " just let dad pay for it "! Should I go and get the car? HELP!

Open Question: Car refinancing?

I want to refinance my car with a bank in NY. My car is currently registered and insured for the state of FL and would prefer to not re-register my car for NY.If I refinance in NY does that mean I need to re-register in NY or does that not matter?

Open Question: Make tax deductions on my fathers house.?

I want to be able to make tax deductions off my fathers house. I am already paying for the payments from my own account. What's the best way to do this? Do I refinance or do I have to buy the house from him? Can we have both our names on the loan? I will be making the full payments but I dont know if I can refi with just my name. I make 40k a year with a 72+ score. Will this have an affect on me buying a new home later? I understand my name has be be on the deed. What's the best way to do that. Do I have to refinance?

Open Question: I want to refinance my mobile home. It's in a park and I have poor credit. Any suggestions. jgretschm@yahoo

more...

Open Question: GAP Insurance as its called.?

Investment properties are getting harder to refinance after the properties have been fixed. Does the government understand that when they lower the interest rate the lenders make it harder for anyone to get loans and requiring higher credit scores, higher savings, and just higher requirements to even qualify for regular loans? Not to mention how much more ridicules requirements are for investors.

Open Question: My daughter & her boyfriend are coowner of a car, they broke up. Can he pay the car off without her consent?

She wants him to refinance the car and get her off the contract.He said he paid the car off, and he will give her her money which she put down on the car.We dont believe him.
more...

Open Question: Hello, need some advice on how i can keep the same rate on my mortg.loan or what happens if i don't refinance?

It is a Conventional w/o PMI ARM loan whose next ARM adjustment is 7/08. The Rate is at 4.75%
more...

Open Question: We are in dilemm here whether we should refinance or sell?

We are relocating to another state and we currently have our house on the market which we are having hard time selling. Should we refinance to lower payment and rent the house which we will cost us additional refinance cost or try to sell the house? The rent will cover the mortgage, tax, and insurance, which will break even and hoping to sell the house after maybe two year or so. Hoping the real estate market gets better by then.

Open Question: GAP Insurance as its called.?

GAP Insurance as its called. We refinance the loan and thought we still was under the coverage now they say no. So we are out the 10,000 HELP We had a wreck and went to use our gap insurance and the said the would not honor it because we refinanced the car so they say it is voided now.

Resolved Question: Chance of stopping theft of home?

my car in Ontario?since i moved to toronto permenatly last week,so my car is parked in garage with us plates, i can't pay cash to toyota since it has almost 14k$ remaining, i need to know if canadian dealers can refinance us car here so i can register the vehicle here and able to drive.

Open Question: auto refinance with primerica is this good? how about debt consolidation?

I applied for a debt consolidation and a car refinance with primerica but i need to know of someone that has done it before and can tell me if it work for them
more...

Open Question: I have a question for refinancing professionals. After one yr, do late payments fall off credit report?

more...

Resolved Question: Chance of stopping theft of home?

If a woman lived in a home for 21 years with her name on the deed with her husband for 11 when they divorced. Four years later she put the house in her adopted daughter and blood child's name in order to get a mortgage refinanced. Three years later her child by blood needed to sign the deed over to the adopted daughter due to financial problems. During these years and up to March, 2008, this woman has been responsible for the payments on utilities, mortgages, taxes and insurance. She passed away on February 19th, 2008. All of her 9 surviving children know the reason for the deed not being in her name (not to mention a plethora of other witnesses) and her will includes the house. Is there a chance of keeping the adoptive daughter from stealing the house outside of probate? We have physical labor liens we can place to prohibit sale, but we would like to see my mother's will disbursed.

This should be a lesson to everyone who thinks they can trust anyone.

Open Question: Why we do not have 30 year fixed intrest Homeloans? in Australia?

My father passed away nine months ago. I have been paying the mortgage since he passed away, but don't think I can qualify to refinance the home in my name. The mortgage is not assumable. Can the bank make me sell the house? Can I just keep making the mortgage payment without taking the chace that the bank will just decide to take the house? What are my options?

Open Question: Can I sell my truck directly after refinancing it? Is there typically penalties for that?

I have a loan in southern california and I'm trying to sell it in Northern california. I just want to know if there is any penalties for refinancing it in northern california in order that I may sell it at the new bank's local branch.

Open Question: Why we do not have 30 year fixed intrest Homeloans? in Australia?

In United States you can have fixed interest homeloans for the term of the loan e.g 30 years fixed at 4% compounded annually. e.g if you borrow 300 K, you have a fixed repayment amount for example $2500 for 360 payments. That's it the house belongs to you after 360 payments.

very similar to what you get with personal loans, the repayments are fixed 360 payments and the repayment amount does not vary according to the variable interest rate
if interest rate go up you are not affected your repayments remain fixed. also if the interest rate goes even down you can break this contract and refinance without any penalty.
But in AUS you can only go in to fixed rate for 5 to 10 years and the interest rate is normally lot higher than the standard variable rate.
So I'm confused why can not you get homeloans similar to the United states here so that you can protect your self from interest rate variables.

This favour the banks in that its setup such a way the banks never loose ...

Open Question: Mortgage Insurance...?

In United States you can have fixed interest homeloans for the term of the loan e.g 30 years fixed at 4% compounded annually. e.g if you borrow 300 K, you have a fixed repayment amount for example $2500 for 360 payments. That's it the house belongs to you after 360 payments.

very similar to what you get with personal loans, the repayments are fixed 360 payments and the repayment amount does not vary according to the variable interest rate
if interest rate go up you are not affected your repayments remain fixed. also if the interest rate goes even down you can break this contract and refinance without any penalty.
But in AUS you can only go in to fixed rate for 5 to 10 years and the interest rate is normally lot higher than the standard variable rate.
So I'm confused why can not you get homeloans similar to the United states here so that you can protect your self from interest rate variables.

This favour the banks in that its setup such a way the banks never loose ...

Open Question: Why we do not have 30 year fixed intrest Homeloans? in Australia?

In United States you can have fixed interest homeloans for the term of the loan e.g 30 years fixed at 4% compounded annually. e.g if you borrow 300 K, you have a fixed repayment amount for example $2500 for 360 payments. That's it the house belongs to you after 360 payments.

very similar to what you get with personal loans, the repayments are fixed 360 payments and the repayment amount does not vary according to the variable interest rate
if interest rate go up you are not affected your repayments remain fixed. also if the interest rate goes even down you can break this contract and refinance without any penalty.
But in AUS you can only go in to fixed rate for 5 to 10 years and the interest rate is normally lot higher than the standard variable rate.
So I'm confused why can not you get homeloans similar to the United states here so that you can protect your self from interest rate variables.

This favour the banks in that its setup such a way the banks never loose ...

Open Question: Mortgage Insurance...?

I am refinancing my house and have been told that I need mortgage insurance....$1,500 on a $105,000 loan...What is it and is it neccessary???
more...

Open Question: If I file for Bankruptcy will I lose Credit Cards that don't have a balance on them?

I'm hesitant to use E-loan or any other of those services due to the fact that my phone will be ringing off the hook with people looking for my business. Has anyone seen any rates under 5.875% with no points? My credit is excellent. Do you think the rates will go down in the next month or so?

Open Question: If I file for Bankruptcy will I lose Credit Cards that don't have a balance on them?

I have had a horrible time for the past 7 years. I have been in a child custody battle that cost $40,000. I broke my leg last year and spent a month off work with no pay and no insurance coverage. I previously spent several months in the hospital sick while pregnant, and my child died. I was off work for 6 months. I helped with expenses from my dad's funeral. Anyways, I did not mean to end up so far in debt. I have a $20,000 judgement against me from the custody suit. I am owed $10,800 in Child Support from the dad. I took out cash on my credit cards to pay my attorney. I have to cloth my daughter, and I use the coupons I get from Kohls and JC Penny since I have credit cards with them. I don't use the cards anymore. I never charge more on them then I can afford to pay off. The problem is that my low interest rates are ending. All of my no interest for a year deals are up, and thanks to my debt I cannot afford the payments any longer. My husband and I refinanced our home... I owe $45,000 in credit card debt, because I had to pay a lawyer and use a credit card to live when I was sick, for funeral expenses, etc. I didn't buy luxury items... This was all prior to my marriage to my current husband. Actually I didn't buy anything on credit. All I did was combine cards to best rates to afford the lawyer... I had to fight for my daughter. I couldn't let it go because of money!

Open Question: how can i take advantage of the low mortgage rates ?Bought ahouse last year and have a fixed rate?

I know there are tons of options right now, and our primary goal is to reduce our monthly payment because our payment keeps going up due to bad escrow estimating with our current company. We are currently in a 30 year loan fixed, decent interest rate, but I'm pretty sure we can get better. Our credit is okay, one or two black marks maybe, but we have excellent history on our mortgage. Where do we start looking, and what do we look for? If we get an offer, do we have to accept it if we don't like the interest rate they're offering? Any info and good resources appreciated!

Open Question: is there refinancing of mobile home loans for veterans with less than perfect credit?

more...

Open Question: Funding for log-style construction vacation home, refinance?

I am a mortgage broker searching for a funding source to refinance a 2nd home in northern California. LTV will be under 75%, credit scores over 700 and full doc. Property is the question, exterior is log cabin style and rock facia. Interior is finished drywall with log style beams in roof and rafters. Loan amount will need to ba jumbo - $550,000. Does not qualify as conforming jumbo. Any thoughts?

Open Question: I refinanced my home loan this year. Can I tax deduct the mortgage interest on the old loan and my new loan?

I paid off a great deal of interest on the original loan and just want to be sure before I attempt to deduct it. I meant to say I refinanced in September 2007 not this year.
more...

Open Question: how can i take advantage of the low mortgage rates ?Bought ahouse last year and have a fixed rate?

I bought my house last year and ahve a fixed rate but now want to take advantage of the low rates prevailing today.My credit is not that good and refinancing could be a problem because of that

Open Question: ****Conventional Loan To FHA Loan*****?

..say in 4 mos when my construction loan needs to be paid off, what will it be like to get refinanced to the mortgage payment?
is there anything to know now about this, vs then?
its a small window (2 weeks) to deal with this after a final is issued. could there be delays of any sort? thanks ppl thanks walter. i can make the mortgage i planned for, but wonder what bank lenders will pull out of their drawers with a so called recession in place. thanks lalh20. self employeed yes. im being told a stated income loan will be best for me, but i think theres more to this underneath somewhere.
credit rating is 750.

Open Question: how can i refinance my house with values going down?

more...

Open Question: Lender wants to pay me 5% to refinance my loan?

I just purchased my first home a little over 1 month ago. I have a score of 740ish and received a fixed rate of 6.38% for 30yrs. It was a 100% loan in the amount of 150k.
Today I received a call from my agent saying the lender is having trouble selling the 100% loan and would be willing to pay it down 5% ($7500) if I refinanced with the same terms. They will cover all closing costs incurred and nothing will need to be paid out of my pocket.
This sounds very suspicious to me and I have never heard of anything like it. Is this common practice or do you think they are trying to pull one over on me?
My agent says that they were "caught with their pants down" and now are stuck with my loan. This company sells 100% of their loans and it looks like mine will be the only one they are stuck with.

What should I do????

Open Question: ****Conventional Loan To FHA Loan*****?

Can you refinance a conventional loan to a FHA loan?


Thank You
more...

Open Question: This is the deal. I use to live with this girl and we were about to get married.?

We have a house that is currently in foreclosure (because of I had to quit my job to take care of my youngest son's health issues, we have 5 boys and we are also one of those fools that refinanced and has a subprime loan) and would like to keep our home. Our last resort was to file chapter 7. I would like to hear from someone who actually has been through this process, im sure there are alot because our court calendar has 283 just for that 1 date. After the bankruptcy is said and done, what happens? Did the bank work with you after to lower the payments. I would think they would rather work with us than to have the house sit there and get nothing. We do have a laywer but any advice, comments etc from someone who has actually exp this could sometimes be better worder than the legal wording the lawyer gives. I am scared to death to be homeless. This whole mortgage crisis in america is CRAZY! Thanks for any advice :)

Open Question: should i refinance a 2005 with 81,000 miles on it?

more...

Open Question: This is the deal. I use to live with this girl and we were about to get married.?

I use to make less money than her. We of course use to put all the moneis together to buy stuff for home. Because she earn more money than I she was paying more stuff than I. We bought two cars, we had to give a downpayment for one of those, she gave a check of her account, also we incurred in other expenses related to family. We are talking of about 35k. Most of this money came out of her HELOC, but meanwhile all my money was used to keep buying house stuff and to pay normal expenses. We end up our relation. We had a Credit Card for 20k where I transfered 16k out of these debt and I told her that was going to be my responsible for it. Also, both auto loans were under both names, she ask me to refinance mine to get her name out of it and I did it. Now she wants me to be responsible for the other 19k, for the 20k in the credit card and she said she won't refinance her car till I pay everything off. I can't afford that, I make not enough money. What can I do?