Real estate blog entries tagged with refinance by Kathleen Davis (Cherry Creek Mortgage)

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Home : Blogs : Kathleen Davis : Mortgage Knowledge in English! : Tag "refinance"

refinance: Refinancing your conventional loan; East Bay, CA - 12/02/09 03:13 PM

Refinance a Conventional Loan into a FHA Loan because owe more than value of home (edit/delete)
You can refinance your conventional mortgage into a FHA mortgage.
FHA will allow you to refinance to 96.5% loan to value but there can be no cash out. Loan to value means the amount of your loan as a percentage to the value: example value of home is $200K with a loan of $193K gives you a loan to value of 96.5%.
If you are trying to refinance an into an FHA loan and taking cash out than there are limitations. Most banks will not allow … (0 comments)

refinance: REfinance! Buy!! Low Interest Rates! - 11/27/09 07:23 PM

Not much movement in rates today. The bond market opened up strong with big gains but those were quickly lost.
Even with all the uptick in bonds not many banks are passing on these gains with even lower rates.
However we are still seeing a "
30 year fixed High Balance conforming FHA loan 3.6% down (>$417K - $729,750 loan amount) with 620 FICO at 4.75%; Conforming FHA 3.5% down 620 FICO 4.5% 30 year fixed Conforming with 20% down 720 FICO 4.625% 30 year fixed High Balance loan with 20% down 720 FICO 4.75% 30 year fixed Many are looking for safe havens right … (1 comments)

refinance: Refinance a Conventional Loan into a FHA Loan because owe more than value of home - 11/19/09 10:05 PM

You can refinance your conventional mortgage into a FHA mortgage.
FHA will allow you to refinance to 96.5% loan to value but there can be no cash out. Loan to value means the amount of your loan as a percentage to the value: example value of home is $200K with a loan of $193K gives you a loan to value of 96.5%.
If you are trying to refinance an into an FHA loan and taking cash out than there are limitations. Most banks will not allow you to take out cash beyond 85% loan to value. What does that mean: If your home … (0 comments)

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Kathleen Davis

Pleasanton, CA

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Cherry Creek Mortgage

Address: 4301 Hacienda Drive, Suite 120, Pleasanton, CA, 94588

Office Phone: (925) 474-1129

Cell Phone: (510) 305-1460

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