Zillow Advice RSS: Discussion-Guide,Refinance,OR http://www.zillow.com/advice/OR/mortgage-refinance/discussion-guide/ Zillow Advice search results | Zillow Real Estate FHA Refinancing http://www.zillow.com/advice-thread/FHA-Refinancing/493502/ I have Bank of America FHA loan 30yr fixed 5.00 interest Rate.Original loan was endorsed in May 2010.LTV is 93% now.Is streamline refinancing still a good option ?Or any other options to refinance?What does the deadline June 3rd mean for FHA streamline refinance?Thanks<br \><br \>5 replies Thu, 23 May 2013 02:49:00 GMT http://www.zillow.com/advice-thread/FHA-Refinancing/493502/ 2013-05-23T02:49:00Z HARP refi for an investment property http://www.zillow.com/advice-thread/HARP-refi-for-an-investment-property/473184/ Hi,<br/><br/>I am trying to refinance an investment property.<br/><br/>We originally had 20% equity but that's no longer the case because of the drop in value.&nbsp; I'm assuming HARP is my best option.<br/><br/>I tried GMAC who owns the current loan (it's a Fannie Mae loan) but the best rate they could quote was 4.375 and very high closing cost.<br/><br/>We&nbsp;currently are on an ARM which has started to adjust.&nbsp; I would like to get a fix rate or at least get a few more years of fix rates.&nbsp; I don't want to worry what the payments are going to be every year.<br/><br/>Does anyone know of any lender who could do this loan?&nbsp; or does anyone know any other options outside of HARP that could work for us?<br/><br \><br \>3 replies Sat, 05 Jan 2013 02:04:00 GMT http://www.zillow.com/advice-thread/HARP-refi-for-an-investment-property/473184/ 2013-01-05T02:04:00Z FHA Streamline Refinance from 30 to 15 Year Fixed http://www.zillow.com/advice-thread/FHA-Streamline-Refinance-from-30-to-15-Year-Fixed/444254/ I just learned about the new fee reductions on FHA streamline, and I would like to take advantage. However, I also want to move from a 30 year fixed to a 15 year fixed mortgage. Is this possible? I am getting conflicting answers depending on where I look. Some places say no because the payment will not be decreasing, some say yes as long as I get an appraisal.<br/><br/>Anybody know?<br \><br \>6 replies Fri, 25 May 2012 07:16:00 GMT http://www.zillow.com/advice-thread/FHA-Streamline-Refinance-from-30-to-15-Year-Fixed/444254/ 2012-05-25T07:16:00Z Who will refinance for us? We have PMI and owe more on our house than its value. http://www.zillow.com/advice-thread/Who-will-refinance-for-us-We-have-PMI-and-owe-more-on-our-house-than-its-value/375183/ We have searched high and low to find someone who will refinance our home. We have excellent credit but&nbsp;have PMI and currently owe more on the house than it will appraise for.&nbsp; Any suggestions on who might finance to someone in our situation?<br \><br \>3 replies Tue, 16 Nov 2010 19:53:00 GMT http://www.zillow.com/advice-thread/Who-will-refinance-for-us-We-have-PMI-and-owe-more-on-our-house-than-its-value/375183/ 2010-11-16T19:53:00Z I'm refinancing my home & prepaid HMI of $4,100 one year ago. Will I get any of that back & how much http://www.zillow.com/advice-thread/I%27m-refinancing-my-home-prepaid-HMI-of-4-100-one-year-ago-Will-I-get-any-of-that-back-how-much/290899/ 2 replies Fri, 23 Oct 2009 15:16:00 GMT http://www.zillow.com/advice-thread/I%27m-refinancing-my-home-prepaid-HMI-of-4-100-one-year-ago-Will-I-get-any-of-that-back-how-much/290899/ 2009-10-23T15:16:00Z Have 6% interest loan 2 yrs old. Interested in fixed lower int. Home worth same as before. ?? http://www.zillow.com/advice-thread/Have-6-interest-loan-2-yrs-old-Interested-in-fixed-lower-int-Home-worth-same-as-before/268714/ We purchased our home with a 30 yr fixed, but the first 10 years are interest only (the interest only is totally fixed though too). The <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a> is not bad...5.9%.&nbsp;<br/><br/>I would love to switch to a totally fixed 30 year and lower rate. The home is worth about the same as it was when we bought a couple years ago, give or take (maybe slightly more, like 10k, though most lenders will say it is worth the same likely)<br/><br/>There is no penalty for us to pay extra into the principle every month, but $ is tight. I suppose we could even add $50 and that would be a start.&nbsp;<br/><br/><br/>Will the fees to change the <a href="http://www.zillow.com/mortgage/">loan</a> not be worth the 1% lower interest we might be able to get? I am thinking this is the case, and we should just begin putting a little more money into our payments until a day in the future when <a href="http://www.zillow.com/Mortgage_Rates/">interest rates</a> really lower and the home is worth a decent amount more than we paid.&nbsp;<br/><br/><br/><br/>We have no PMI and a 100% financed home. I doubt we will be better off changing our loan. Just curious.<br/><br/><br/>Anything under the Obama plan that we might look into?&nbsp;<br/><br/><br/><br/>I was layed off from my job, go to school, and the person that is on the loan is now my wife (orig she was the only one on the deed, we need to update that)<br/><br/><br/><br/>&nbsp;<br/><br/><br/><br/>&nbsp;<br/><br/>&nbsp;<br \><br \>4 replies Sun, 16 Aug 2009 18:05:00 GMT http://www.zillow.com/advice-thread/Have-6-interest-loan-2-yrs-old-Interested-in-fixed-lower-int-Home-worth-same-as-before/268714/ 2009-08-16T18:05:00Z What is a reasonable APR vs.Interest Rate spread? http://www.zillow.com/advice-thread/What-is-a-reasonable-APR-vs-Interest-Rate-spread/212820/ I just locked a <a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/">30 year fixed</a> <a href="http://www.zillow.com/mortgage/">loan</a> at 4.375, with an APR of 4.697%.&nbsp; It costs 2.5 points, but has a short break even point, and we are planning to retire in this home.&nbsp; I am thrilled with the deal, but can't help but looking at the closing costs of $8,200, and almost second guessing myself.<br/><br \><br \>10 replies Fri, 20 Mar 2009 05:41:00 GMT http://www.zillow.com/advice-thread/What-is-a-reasonable-APR-vs-Interest-Rate-spread/212820/ 2009-03-20T05:41:00Z DU Refi http://www.zillow.com/advice-thread/DU-Refi/228504/ Does anyone have information regarding the new DU <a href="http://www.zillow.com/refinance/">Refinancing</a> available for home <a href="http://www.zillow.com/mortgage/">mortgages</a> "held" by Fannie Mae?<br \><br \>6 replies Mon, 27 Apr 2009 21:35:00 GMT http://www.zillow.com/advice-thread/DU-Refi/228504/ 2009-04-27T21:35:00Z Refinancing an 80/20 http://www.zillow.com/advice-thread/Refinancing-an-80-20/188235/ We did an 80/20 interest <a href="http://www.zillow.com/mortgage/">loan</a> back in 2005 on a house with a purchase price of $315,000.&nbsp; We have paid off 10k of the 20% loan and very little of the 80% loan.&nbsp; Zillow has our house valued at 336k.<br/><br/>80% loan:<br/>252k originally<br/>6.25% interest only amortized over 15 years (30 year loan)<br/>not much paid off<br/><br/>20% loan<br/>63k originally<br/>53k now<br/>8.25% interest only<br/><br/>We still don't probably have enough cash to make a 20% down payment, but we are wondering if we could get a better offer than what we currently have.&nbsp; I'd like to go to a fixed loan if possible.&nbsp; Maybe an 80/10/10 or some other creative type of loan.&nbsp; Even just lowering our rates may be worth it.<br/><br/>Any advice/recommendations?<br/><br/><br/><br/><br \><br \>4 replies Wed, 14 Jan 2009 05:54:00 GMT http://www.zillow.com/advice-thread/Refinancing-an-80-20/188235/ 2009-01-14T05:54:00Z Should I Refinance ? http://www.zillow.com/advice-thread/Should-I-Refinance/186176/ House valued $450K, <a href="http://www.zillow.com/mortgage/">loan</a> balance is $128K @ 5.375% w/ 11 years left on a 20 yr fixed.&nbsp; Current payment is $1263. We are on bi-monthly <a href="http://www.zillow.com/mortgage/">mortgage</a> plan and paid additional $600 into principal monthly. I'm debating on whether to refinance whole amount to a 15 yr @ 4.5% to lower payment in case of financial reduction or apply $60K in saving account @ 2% to loan balance then refinance to lower rate. I read somewhere that loan below $100K have higher <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a> - correct? I would appreciate any feedback/suggestion.<br/><br \><br \>6 replies Thu, 08 Jan 2009 08:24:00 GMT http://www.zillow.com/advice-thread/Should-I-Refinance/186176/ 2009-01-08T08:24:00Z