Zillow Advice RSS: Question-Discussion-Guide,Mortgage,San Carlos- CA http://www.zillow.com/advice/San-Carlos-CA/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate What is a DTI ratio lenders are looking at for refinancing a jumbo loan? http://www.zillow.com/advice-thread/What-is-a-DTI-ratio-lenders-are-looking-at-for-refinancing-a-jumbo-loan/235858/ We took out a HELOC to complete a remodel which was completed in 2008.&nbsp; We also have 1st <a href="http://www.zillow.com/mortgage/">mortgage</a> at 5.625% (which we've already paid 6 years into.)&nbsp; Also have a HELOC with Chase (prime-.5: now it's at 2.75%) with a fixed rate option.&nbsp; Being told that we are borderline candidate for refi probably due to additional balance on HELOC.&nbsp; We still have plenty of equity in the home even now.&nbsp; Thinking my only option for now is keeping a tab on the Chase fixed rate option to go down some.&nbsp; Any thoughts here?<br \><br \>6 replies Sun, 17 May 2009 16:54:00 GMT http://www.zillow.com/advice-thread/What-is-a-DTI-ratio-lenders-are-looking-at-for-refinancing-a-jumbo-loan/235858/ 2009-05-17T16:54:00Z DTI when trading up houses http://www.zillow.com/advice-thread/DTI-when-trading-up-houses/513278/ I would like to first buy a new house and then (after a month or so to move and clean it up) sell my old house. I think I have the down payment for the new house in order. The only issue I foresee is DTI. My current mortgage broker is telling me its an issue and I'm trying to decide if it will be for everyone or if I should shop around a bit more.<br/>So current expenses are 3740/mo (mortgage + car payment + property tax)<br/>current income is 17400/mo (employers will verify)<br/>plenty&nbsp; (hundreds of thousands) of reserves (though it's all in ira/401k)<br/><br/>Can someone out there tell me what the highest payment I could sign up for in a new house is. I get the feeling it might vary by lender so any explanation of the variance would be helpful too. Thanks<br \><br \>5 replies Sat, 28 Sep 2013 08:17:00 GMT http://www.zillow.com/advice-thread/DTI-when-trading-up-houses/513278/ 2013-09-28T08:17:00Z 7/1 ARM or 30 YR FIXED http://www.zillow.com/advice-thread/7-1-ARM-or-30-YR-FIXED/497383/ I am about 5 years into&nbsp;a $375,000 30 Yr fixed mortgage @ 4.5%, and I am considering either a 7/1 ARM @ 2.9% (no points)&nbsp;or a 30 Yr fixed @ 3.75% ($10k in points).&nbsp; Pretty concerned about what rates will look like in 6-7 years, even though the cash-out could be 75k on the 7/1 ARM, versus only a $45K cash-out on the 30 Yr fixed.&nbsp; Would like the additional cash-out for more home improvement stuff.&nbsp; What would you do?<br \><br \>3 replies Sun, 16 Jun 2013 15:09:00 GMT http://www.zillow.com/advice-thread/7-1-ARM-or-30-YR-FIXED/497383/ 2013-06-16T15:09:00Z Are appraisals that are done for refinancing made public? http://www.zillow.com/advice-thread/Are-appraisals-that-are-done-for-refinancing-made-public/276940/ 3 replies Wed, 09 Sep 2009 12:32:00 GMT http://www.zillow.com/advice-thread/Are-appraisals-that-are-done-for-refinancing-made-public/276940/ 2009-09-09T12:32:00Z I locked with BOA last week for re-fi. I get now lower quotes, is it ok to "switch"? http://www.zillow.com/advice-thread/I-locked-with-BOA-last-week-for-re-fi-I-get-now-lower-quotes-is-it-ok-to-switch/275193/ I paid $600 for the lock and they already ordered the appraisel. I understand I will loose the $600, but is it ok to do? <br/>until what point it is ok for me to lock with someone else and say to BOA sorry, got a better deal elsewhere?<br/><br/>also, the BOA is a regular 30y fix. The quote I am getting is <a href="http://www.zillow.com/fha-loan/">FHA</a>. if the amount is the same and rate lower, do I care that it is FHA?<br \><br \>6 replies Thu, 03 Sep 2009 18:08:00 GMT http://www.zillow.com/advice-thread/I-locked-with-BOA-last-week-for-re-fi-I-get-now-lower-quotes-is-it-ok-to-switch/275193/ 2009-09-03T18:08:00Z