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Answers (7)
- Mike Stearns, "Mikes Chico Homes"
- Contributions:31
Hello,
The new HARP 2 is a great option if you qualify for the program. You should also contact your existing lender and ask what options may be available to you. Bank of America has a program that lets you refi up to 110% loan to value.
Good Luck.
- Brenda McLaughlin, "BrendaStar57"
- Contributions:26
Zillow is not an actual value of you house. It is best to start with getting a market analysis done which I can do for you. The if you still want to refinance let me know because I can do that to. I am a local agent and lender in Chico and work in the Tri County areas. Give me a call and we can start with the CMA. I can look over your loan papers and see what type of an adjustable rate you have. Right now they are going down.
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- Gilbert Ramos, "VAMORTGAGE411"
- Contributions:15
Hello,
HARP 2.0 is allowing investors to refinance their rental properties into a lower fixed interest rate. I would speak to a lender, someone who has a lot of experience in the loan department.
Good Luck!
HARP 2.0 is allowing investors to refinance their rental properties into a lower fixed interest rate. I would speak to a lender, someone who has a lot of experience in the loan department.
Good Luck!
- Carolyn Fejes, "cfejes"
- Contributions:5
Hey there-
If your rental is in Chico or surroundings area, give me a ring and I will do a CMA (Current Market Analysis) of your place. This will, like the others said, give you a more accurate estimate of what your home will be appraised for. Also, I can give you names, numbers, and emails of a few local Lenders that will talk to you about options.
The CMA will take me a day or so to put together but we really do pull the same information that the appraisers pull. It is a very useful tool for any homeowner. Oh yeah, and, it's free! :-)
Hope this helps.
Cheers!
If your rental is in Chico or surroundings area, give me a ring and I will do a CMA (Current Market Analysis) of your place. This will, like the others said, give you a more accurate estimate of what your home will be appraised for. Also, I can give you names, numbers, and emails of a few local Lenders that will talk to you about options.
The CMA will take me a day or so to put together but we really do pull the same information that the appraisers pull. It is a very useful tool for any homeowner. Oh yeah, and, it's free! :-)
Hope this helps.
Cheers!
- Appraisal guy
- Contributions:120
You may want to order a full appraisal or review the appraisal completed by the bank. If you've got an appraisal within the past month or so, look at this. If you would like to compare home values with Zillow, read my article about how to complete an appraisal using Zillow.
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You will not be able to use this value for a loan, but at least it may get you in the ball park. A cheaper way is to hire an appraiser to complete a desktop appraisal.
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The best way to see what your home is worth is to place it on the market. But before you do, make sure you get as much cash out of your home as possible. This will give you more time to sell.
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You will not be able to use this value for a loan, but at least it may get you in the ball park. A cheaper way is to hire an appraiser to complete a desktop appraisal.
[Hotlink removed by Zillow moderator. Please see our Good Neighbor Policy for more information.]
The best way to see what your home is worth is to place it on the market. But before you do, make sure you get as much cash out of your home as possible. This will give you more time to sell.
- Brent McCarthy, "mccarthybrent"
- Contributions:63
Also, some banks are going to be required to help people in this very situation starting in April or May. You may want to contact your bank about the program.
http://realtormag.realtor.org/daily-news/2011/11/17/gov-t-announces-more-refinancing-program-details&WT.cg_n=RMO&WT.cg_s=RSSDaily
Hope this helps!! If you need anything else, or if you bank wants you to provide comparable sales in your area to get the value I can do that for you.
Good Luck!
http://realtormag.realtor.org/daily-news/2011/11/17/gov-t-announces-more-refinancing-program-details&WT.cg_n=RMO&WT.cg_s=RSSDaily
Hope this helps!! If you need anything else, or if you bank wants you to provide comparable sales in your area to get the value I can do that for you.
Good Luck!
- Sharon Lewis, "Sharon Lewis"
- Contributions:3917
Please, do not use Zillow as an estimate of value! It is called a Zestimate,like guesstimate. If you want to know what your current value is pay an appraiser or call a LOCAL realtor and ask them to do a comparative market analysis for you. I would contact a local lender, you can find one here on Zillow and talk to them about the specifics of your needs. You are renting it now which means it is not considered a primary residence, you will be paying a higher interest rate because of that.(I know it doesnt seem fair, there are a lot of people who have had to move because of jobs, cant sell their homes and resort to renting them out, it would be so helpful if they could refinance those homes as primary or secondary residences.)
Is there any good way of refinancing if we owe more than the Zillow estimate and we have moved?
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