refinance: Skipping 2 house payments - 12/02/11 07:13 AM
Skipping a house payment is actually used occasionally as a marketing strategy for refinancing.  It is especially nice around the holidays when extra cash is always needed.  It is pretty common knowledge that a payment is not necessary the month following a new mortgage closing, but there is actually a way to skip 2 payments.  If the refinance is closed by the 15th of January, for example, a homeowner can roll their January payment into the loan by just letting the accumulated interest due for December be added to the payoff.  Since the first payment on the new note is due in March, they skip the February … (63 comments)

refinance: Refinancing Q and A - 09/02/11 04:16 AM
Q: When should I refinance?
A: If your current rate is about 1% higher than the rates you hear advertised, chances are pretty good you should look into it.
Q: When does it make sense to refinance?
A: That can vary depending on your situation.  You should always consider how long it will take to recover the closing costs in relation to how long you will be living in that home.  Example - if you lower your interest rate and save $100 per month, but the closing costs are $3,000, it would take you 30 months to break even on the … (0 comments)

Doug Walker, Branch Manager/Loan Officer  (Mutual of Omaha)

Doug Walker

Branch Manager/Loan Officer

Kansas City North, MO

More about me…

Mutual of Omaha

Address: 6300 N Revere Dr, #230, Kansas City, MO, 64151

Mobile: 801-244-7620

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