Real estate blog entries tagged with cash out refinance

Blog entries tagged with "cash out refinance":

cash out refinance: Refinance out of your chapter 13 bankrupcy to new lower monthly payments - 08/07/08 02:51 PM

You aren't given much room to decide how much to pay the trustee and many times you are just struggling to get by. Refinancing to a new home loan seems almost out of the question. How can you get a loan when you've recovering from a chapter 13 bankruptcies?
There are … (1 comments)

cash out refinance: Does Debt Consolidation Make Sense? - 06/23/08 08:22 PM

Let's say your current mortgage is for $250,000 on a 30 year fixed rate.
Let's say you owe $45,000 in other non-deductible debts with an average interest rate of 10%.
Before:
Mortgage payment @ approx $1,499.00 monthly (not including prop tax & insurance)
Other Debts @ approx $ 375.00 monthly
… (0 comments)

cash out refinance: Florida Cash Out Refinancing lightens the load of debt and adds cash too - 06/13/08 02:57 PM

Of all the home refinancing loans out there to choose from, a Florida Cash Out Refinancing loan serves a double purpose. The amount of this loan is enough to pay off the existing mortgage, and additional cash to use for other expenses. Often the new mortgage loan is refinanced at a … (0 comments)

cash out refinance: Keeping it simple the bureaucratic way - 01/18/08 01:39 PM

Great News! As you should know by now Montgomery County Maryland has increased the recordation tax on home purchases over $500k, and cash-out refi's with loan amounts over $500k. Clearly this won't be an issue since only rich people buy homes over $500k. Sure the median home price on all sales including condos … (1 comments)

cash out refinance: What are the benefits to a debt consolidation refinance? - 12/14/07 01:52 PM

You may have seen many TV commercials on “Combo” or “consolidation” home loans. These cash out refinance mortgages wrap all or some of your monthly obligations into a new home loan saving you money every month. I have outlined several benefits to choosing a cash-out home loan. Contact your mortgage … (0 comments)

cash out refinance: Home Equity & Home Foreclosure - 08/23/07 10:39 PM

This week I had the unpleasant responsibility to explain foreclosures to three different clients. Two were in foreclosure with their current lenders having well over $100,000.00 in equity!
They were seeking cash out refinances and didn't understand why they couldn't qualify for a new loan? They had heard about "no doc" programs and though they … (0 comments)

cash out refinance: FHA Streamline Refinances -- knowing your options -- Part 2 of 2 - 08/12/07 09:27 PM

As I have stated in so many of my blogs, FHA has some great financing options to help those home owners that tend to have less than perfect credit. FHA has 2 types of streamline refinance options. The FHA streamline refinance with an appraisal and without an appraisal.
Two main features of … (11 comments)

cash out refinance: FHA refinancing cash-out -- knowing your options -- Part 1 of 2 - 08/09/07 09:52 PM

UPDATE : August 23, 2008 -- Cash Out Mortgages - FHA loans vs Conventional loans - Part 1

FHA has a "cash-out" and a "no cash-out" refinance. There is are few major advantages when applying for a FHA cash-out refinance than possibly doing a conventional cash-out refinance. All scenarios … (11 comments)

cash out refinance: Tampa Mortgage Refinancing | Does It Have To Be So Complicated? - 07/13/07 05:11 PM

Homeowners in Tampa, Florida and across the U.S. hear the option of "refinancing" their mortgage on a daily basis. On T.V, in the mail, from friends...but what does it really mean? As a local mortgage expert, I will break down the three main mortgage refinancing options. (There are hundreds of loan … (34 comments)

cash out refinance: This 8 Step Program Will Save You $2,500 on Your Mortgage Refinance - 07/03/07 11:43 AM

People sure are talking a lot about refinances these days - maybe it is because there is a boat load of short-term ARMs resetting over the next few years; or maybe it is because rising interest rates have short-term loan holders jumpy. Whatever the case may be - if you are … (0 comments)

cash out refinance: Justin Perry Joins First Call Mortgage in Portsmouth - 04/18/07 10:47 AM

FIRST CALL MORTGAGE COMPANY INC. announces new Portsmouth Loan Officer, Justin Perry.
Portsmouth, NH. April 17, 2007-First Call Mortgage Company of Portsmouth, NH announces the addition of a new loan officer, Justin Perry.
"I am pleased Justin has joined our team. I believe Justin's knowledge and energy will be a tremendous asset … (0 comments)

cash out refinance: Refinancing, when it is right for you - 04/15/07 08:16 PM

It is safe to say that our real estate market is drastically different than it was in 2004. But with the market changing to a "buyers market" are there things consumers should consider before refinancing their existing loan? Absolutely, and anyone who advises you to refinance without considering all your financial … (6 comments)