Zillow Advice RSS: Discussion-Guide,Refinance,PA http://www.zillow.com/advice/PA/mortgage-refinance/discussion-guide/ Zillow Advice search results | Zillow Real Estate (Moved): We are ready to buy a home after having a foreclosure over 5 years ago. We have been paying ever http://www.zillow.com/advice-thread/Moved-We-are-ready-to-buy-a-home-after-having-a-foreclosure-over-5-years-ago-We-have-been-paying-ever/490316/ This discussion has been moved to the following location: <a href="http://www.zillow.com/advice-thread/We-are-ready-to-buy-a-home-after-having-a-foreclosure-over-5-years-ago-We-have-been-paying-ever/490314/">http://www.zillow.com/advice-thread/We-are-ready-to-buy-a-home-after-having-a-foreclosure-over-5-years-ago-We-have-been-paying-ever/490314/</a><br \><br \>0 replies Tue, 30 Apr 2013 23:40:00 GMT http://www.zillow.com/advice-thread/Moved-We-are-ready-to-buy-a-home-after-having-a-foreclosure-over-5-years-ago-We-have-been-paying-ever/490316/ 2013-04-30T23:40:00Z FHA Refinanced into a Conventional Loan http://www.zillow.com/advice-thread/FHA-Refinanced-into-a-Conventional-Loan/476425/ My husband and I are trying to refinance our current FHA mortgage into a conventional mortgage but the bank we are working with has a max LTV of 85% - are there any refinance options available that have a higher LTV?<br \><br \>2 replies Tue, 29 Jan 2013 18:35:00 GMT http://www.zillow.com/advice-thread/FHA-Refinanced-into-a-Conventional-Loan/476425/ 2013-01-29T18:35:00Z Refinancing on 2 homes http://www.zillow.com/advice-thread/Refinancing-on-2-homes/468045/ We have 2 houses - one in PA and one in MD. The first has a 170k mortgage remaining on a 535k property at 4.2% and the second has 400k remaining on a 685k property at 4.85%. I want to refinance both but am not sure whether to keep 2 mortgages or to consolidate with a larger mortgage and pay off the other. Any advice?<br \><br \>1 reply Sat, 10 Nov 2012 17:07:00 GMT http://www.zillow.com/advice-thread/Refinancing-on-2-homes/468045/ 2012-11-10T17:07:00Z Jumbo Mortgage Refinance / Modify http://www.zillow.com/advice-thread/Jumbo-Mortgage-Refinance-Modify/463368/ Hi, looking for refinancing / modify jumbo mortgage loan balance of 600000. &nbsp;Home value 625000. &nbsp;What would be my options - Any help / suggestions would be appreciated.<br \><br \>2 replies Tue, 09 Oct 2012 19:58:00 GMT http://www.zillow.com/advice-thread/Jumbo-Mortgage-Refinance-Modify/463368/ 2012-10-09T19:58:00Z Refinancing options http://www.zillow.com/advice-thread/Refinancing-options/453310/ <p>Hello guys, I bought a house 4 years ago for $119K at 6.4 percent for 30 years through FHA. Current'y owe $113K. I ran my credit score and its at an even 700. Do I continue to improve my credit score and refinance later ? Or try to refinance now? If so, 30 years or 15 years fixed ? Help !</p><br \><br \>3 replies Mon, 30 Jul 2012 19:17:00 GMT http://www.zillow.com/advice-thread/Refinancing-options/453310/ 2012-07-30T19:17:00Z Appraisal Question? http://www.zillow.com/advice-thread/Appraisal-Question/450806/ <p class="MsoNormal">In 2010 my home apprised for 258,000 and since then I done some upgrades<br/>I added 4 car garage with a second floor<br/>Patio, Landscape, hardscape and lighting<br/>Gas stone fireplace<br/>After adding the upgrades my house is being appraised for the same amount.<br/>I feel this is very unfair, is there anything I can do about this?</p><br \><br \>2 replies Thu, 12 Jul 2012 23:55:00 GMT http://www.zillow.com/advice-thread/Appraisal-Question/450806/ 2012-07-12T23:55:00Z Having trouble understanding what a reasonable cost is for my refinance.. http://www.zillow.com/advice-thread/Having-trouble-understanding-what-a-reasonable-cost-is-for-my-refinance/430995/ Hi there... I have an existing fixed 20 year mortgage (3 years in) at 4.625%.&nbsp; Original load was for 183k, current balance is 150,625, looking to refinance down to a 10 year. House value is ~475k, credit is excellent.&nbsp; I&nbsp; have received a few GFEs, in the range of 2.75%, but when i calculate out the APR, it seems like 3.3% or higher.&nbsp; The bottom line is that over the life of my loan, i would certainly save a ton in interest payments, but I can't tell if the fees involved are appropriate-- it seems fairly painful to have a $5k cost to refinance, and that is the typical range I have seen. <br/><br/>Does anyone have a sanity check for me?<br \><br \>5 replies Sun, 05 Feb 2012 17:04:00 GMT http://www.zillow.com/advice-thread/Having-trouble-understanding-what-a-reasonable-cost-is-for-my-refinance/430995/ 2012-02-05T17:04:00Z Refinancing Help Needed http://www.zillow.com/advice-thread/Refinancing-Help-Needed/403630/ <p>I am currently going through the application process for a refinancing of my home. I currently have bad rates and think I could breakeven pretty quickly.<br/><br/>However, I am concerned that the appraisal will suggest that my home is worth less than what I paid for it. What are the possible outcomes or considerations if that happens?<br/><br/><br/>Thanks,<br/>AG</p><br \><br \>6 replies Thu, 16 Jun 2011 18:49:00 GMT http://www.zillow.com/advice-thread/Refinancing-Help-Needed/403630/ 2011-06-16T18:49:00Z Refinance http://www.zillow.com/advice-thread/Refinance/418683/ I want to refinance my home.&nbsp; It is valued at $275,000.&nbsp; We owe $44,000 on the mortgage and have an equity loan of $25,000.&nbsp; Our credit score is 717 and 684.&nbsp; Any idea what we would qualify for?<br \><br \>5 replies Mon, 10 Oct 2011 11:11:00 GMT http://www.zillow.com/advice-thread/Refinance/418683/ 2011-10-10T11:11:00Z We plan to move in 2-3 years but may refinance to a 5/1 ARM lower rate to take out cash to update! http://www.zillow.com/advice-thread/We-plan-to-move-in-2-3-years-but-may-refinance-to-a-5-1-ARM-lower-rate-to-take-out-cash-to-update/399504/ We plan to move in 2-3 years and have lived here 10 years. We hae=ve an FHA mortgage at 6%. We were thinking of refinancing to a 5/1 ARM FHA or 30 year fixed FHA to be able to lower our interest rate and&nbsp;&nbsp; We have 3 old platake out $5-7k to use to update our home before we put it on the market in the spring of 2013. We have 3 old plate glass windows as well as a few other things that must be updates before listing it on the market.<br/>&nbsp;Is this a wise idea?<br/>&nbsp;If so should we do the 5/1 ARM or stick with the fixed?<br/><br/>I hate losing equity in our home but know that these things need to be done and we simply do not have the funds to do it.<br \><br \>6 replies Wed, 18 May 2011 17:46:00 GMT http://www.zillow.com/advice-thread/We-plan-to-move-in-2-3-years-but-may-refinance-to-a-5-1-ARM-lower-rate-to-take-out-cash-to-update/399504/ 2011-05-18T17:46:00Z LTV of 120% and PMI http://www.zillow.com/advice-thread/LTV-of-120-and-PMI/376982/ I am desperate to refi but I have tried every route I can to refi.&nbsp; My neighborhood has been hit hard with foreclosures and my property value has dropped as a result.&nbsp; We are now at a LTV of around 120%.&nbsp; Our current interest rate is 6.875.<br/><br/>I worked with my current lender for more than 18 months on the HARP refi program.&nbsp; They gave me the run around for quite some times before they said "well we didnt' take any TARP money so we don't have to help you".&nbsp; By this time, our value had dropped and we are pretty much trapped.&nbsp; <br/><br/>So we have a Freddie Mac loan with PMI.&nbsp; Does anyone have any creative ideas on how we can Refi?&nbsp; I have considered taking money out of our 401K to cover the difference, but really want to consider that option as an absolute last resort.&nbsp;<br \><br \>1 reply Mon, 06 Dec 2010 17:57:00 GMT http://www.zillow.com/advice-thread/LTV-of-120-and-PMI/376982/ 2010-12-06T17:57:00Z refinance a 90 % LTV http://www.zillow.com/advice-thread/refinance-a-90-LTV/373926/ <p class="MsoNormal">Hello,</p><p class="MsoNormal">&nbsp;</p><p class="MsoNormal">I want to refinance a 90 % LTV, jumbo 465K, house value apprx: 550K, credit score 760, ZIP 18929.</p><br \><br \>3 replies Fri, 05 Nov 2010 20:45:00 GMT http://www.zillow.com/advice-thread/refinance-a-90-LTV/373926/ 2010-11-05T20:45:00Z My value is off, the square footage of my house is incorrect and has effected me refinancing. pleas http://www.zillow.com/advice-thread/My-value-is-off-the-square-footage-of-my-house-is-incorrect-and-has-effected-me-refinancing-pleas/367664/ 2 replies Fri, 24 Sep 2010 20:23:00 GMT http://www.zillow.com/advice-thread/My-value-is-off-the-square-footage-of-my-house-is-incorrect-and-has-effected-me-refinancing-pleas/367664/ 2010-09-24T20:23:00Z Refinance Options http://www.zillow.com/advice-thread/Refinance-Options/350836/ I am looking for Refianance options, Let me know what are your 15 year and 30 year mortgage options.<br \><br \>2 replies Fri, 21 May 2010 14:02:00 GMT http://www.zillow.com/advice-thread/Refinance-Options/350836/ 2010-05-21T14:02:00Z Need Advice on Trying to Refi First Mortgage with a HELOC http://www.zillow.com/advice-thread/Need-Advice-on-Trying-to-Refi-First-Mortgage-with-a-HELOC/356264/ We have a 1st that is a Jumbo 10/1 ARM at 5.625%. We have 425K left on the loan and as part of the refi we want to pay it down to 417K to make it conforming. We also have a 2nd - a HELOC that is at about 100K. A couple of years ago, this still left us with a reasonable LTV, but prices have falling and the CLTV on the transaction would now be about 93%. We are having trouble getting the 2nd to subordinate if we refi the 1st, even though this puts the bank for the 2nd in a better position because our overall payments will go down by 500-600 monthly and we are paying down the principal on the 1st as part of the transaction. Any advice on how to get the 2nd to subordinate to the 1st again?&nbsp;<br \><br \>6 replies Fri, 02 Jul 2010 21:32:00 GMT http://www.zillow.com/advice-thread/Need-Advice-on-Trying-to-Refi-First-Mortgage-with-a-HELOC/356264/ 2010-07-02T21:32:00Z How can I refinance resonably? http://www.zillow.com/advice-thread/How-can-I-refinance-resonably/303922/ I bought my home in Nov 2005 for 344000$. Based on current market the price is approx 325000.<br/><br/>When I bought my house I have put 10% down and took only one <a href="http://www.zillow.com/mortgage/">mortgage</a> with built in lender paid PMI(mortgage total 314000$ @5/1ARM at 5%). My current mortgage balance is 290000$ and I am struggling to fit in any of the government programs or getting a simple refi done.<br/><br/>The problem I am facing is that while the rates are low and I want to <a href="http://www.zillow.com/refinance/">refinance</a> but everyone is asking for PMI and with the higher PMI rates even with the low interest I am going to end up paing more that what I am curently paying (1691/month.)<br/><br/>Is there a way I can avoid PMI and lock in for 30 years?<br/><br/><br/>Any help will be greatly appreciated. <br/><br/>My <a href="http://www.zillow.com/mortgage/">loan</a> is with Freddie Mac.<br \><br \>4 replies Fri, 04 Dec 2009 16:24:00 GMT http://www.zillow.com/advice-thread/How-can-I-refinance-resonably/303922/ 2009-12-04T16:24:00Z Refinance fees http://www.zillow.com/advice-thread/Refinance-fees/284088/ We were working with a <a href="http://www.zillow.com/directory/lenders/">mortgage broker</a> who required a payment of 2134 up front (500 app fee, 500 broker fee, 350 appraisal fee, 35 <a href="http://www.zillow.com/mortgage-glossary/Credit-Report/">credit report</a> fee and we agreed to pay 749 to reduce the <a href="http://www.zillow.com/mortgage/">loan</a> percentage) All along we were told we were approved and we even had to change our homeowners policy to reflect the new lender, then all of a sudden we were told we would have to transfer a credit card to another one or pay off the balance for our debt to income ratio to improve to get the loan. &nbsp;At this point we had to stop because it wasn't possible for us to do either. &nbsp;I was under the impression that some of the original payment would be refunded to us; however, I am having trouble getting anything and my emails aren't even being answered. &nbsp;Does this sound right and what are my options?<br \><br \>4 replies Thu, 01 Oct 2009 00:41:00 GMT http://www.zillow.com/advice-thread/Refinance-fees/284088/ 2009-10-01T00:41:00Z Need Direction With Refinancing http://www.zillow.com/advice-thread/Need-Direction-With-Refinancing/270694/ Current <a href="http://www.zillow.com/mortgage/">mortgages</a>. . . <br/>1st: $492k @6.375% Interest Only (Wells Fargo)<br/>2nd:$85k @ 8.25% (GMAC)<br/><br/>As with everyone else our <a href="http://www.zillow.com/local-info/">property values</a> have plummeted along with our<br/>equity. Currently, we're probably looking at only 5%. While we have never<br/>missed a payment on any account we hold, a few hardships (including my<br/>being laid off during the last quarter of 2008 sent our other other debts higher<br/>so we haven't been able to attack additional principle as was the intent.<br/><br/>My goal would be to get into a fixed rate situation (whether that is with a single<br/>loan or another split) where we are lowering principle while not having to<br/>worry about the ARM adjusting.<br/><br/>I was hoping to <a href="http://www.zillow.com/refinance/">refinance</a> under the HARP program but it doesn't look as though<br/>we are owned by Fannie or Freddie. Is the best place to start with my current<br/> lender(s)? I'm confused about the split that I currently have and the options<br/>that may be available.<br/><br/>Thanks in advance for any advice or thoughts!<br \><br \>7 replies Sat, 22 Aug 2009 03:08:00 GMT http://www.zillow.com/advice-thread/Need-Direction-With-Refinancing/270694/ 2009-08-22T03:08:00Z Mortgage Appraisal Process http://www.zillow.com/advice-thread/Mortgage-Appraisal-Process/255110/ I applied for a <a href="http://www.zillow.com/mortgage/">mortgage</a>, in order to refinance,&nbsp;and the appraisal said that he could not complete the appraisal process.&nbsp; Per the appraiser, I live in a "market difficient" area and no other homes have been sold within the last 6 months.&nbsp; Therefore the <a href="http://www.zillow.com/mortgage/">loan</a> "folded."<br/>Any suggestions?<br \><br \>2 replies Sat, 11 Jul 2009 16:49:00 GMT http://www.zillow.com/advice-thread/Mortgage-Appraisal-Process/255110/ 2009-07-11T16:49:00Z is refinancing possible ?? http://www.zillow.com/advice-thread/is-refinancing-possible/234682/ my <a href="http://www.zillow.com/mortgage/">mortgages</a> are not fannymae or freedie mac backed is it possible to <a href="http://www.zillow.com/refinance/">refinance</a>. my 1st <a href="http://www.zillow.com/mortgage/">mortgage</a> is for $136,000 @ 7.2 % the second is $42000 @ 10.2%<br/>not sure what the value is right now but I have a few thousand $ cash reserve if needed to get to 95% my credit score is 675 i have not been late on any mortgage payments during the 2 years i have had this mortgage , I really need to get my monthly payment down I live in pa.<br \><br \>8 replies Thu, 14 May 2009 00:43:00 GMT http://www.zillow.com/advice-thread/is-refinancing-possible/234682/ 2009-05-14T00:43:00Z