Zillow Advice RSS: Question-Discussion-Guide,Refinance, http://www.zillow.com/advice/United-States%253B%253B%253B%253B%253B%253B%253B%253B/mortgage-refinance/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate suggestion for non freddiemac fannie mae 80/20 mortgage loan and both loans are ARM, and my house v http://www.zillow.com/advice-thread/suggestion-for-non-freddiemac-fannie-mae-80-20-mortgage-loan-and-both-loans-are-ARM-and-my-house-v/516148/ If you property has lost value, you are most likely finding it difficult to refinance and/or restructure your mortgages.&nbsp; If you have equity, you should be able to look at either refinancing the 80% portion or both loans depending on the lender you go through and the programs they have available.&nbsp; <br/>If you have lost equity in your home, you may want to start your search with your existing lender to see what they are willing to offer you.<br/><br/>Your question was cut off, so if you have a more specific question please let me know.&nbsp; Thanks!<br \><br \>0 replies Tue, 22 Oct 2013 03:30:00 GMT http://www.zillow.com/advice-thread/suggestion-for-non-freddiemac-fannie-mae-80-20-mortgage-loan-and-both-loans-are-ARM-and-my-house-v/516148/ 2013-10-22T03:30:00Z Owner getting incorrect/partial advice from agent, needs lender input... http://www.zillow.com/advice-thread/Owner-getting-incorrect-partial-advice-from-agent-needs-lender-input/356396/ An owner posted in the wrong forum&nbsp;on&nbsp;<a href="http://www.zillow.com/advice-thread/is-it-possible-to-refinance-2-loans-primary-and-secondary-when-I%27m-underwater-in-home-equity/356393/">this thread here</a>, and got bad advice from an agent. Thought maybe some of you mortgage folks could jump in and help out.<br \><br \>0 replies Sun, 04 Jul 2010 04:54:00 GMT http://www.zillow.com/advice-thread/Owner-getting-incorrect-partial-advice-from-agent-needs-lender-input/356396/ 2010-07-04T04:54:00Z I am upside down on my home and want to refinance. http://www.zillow.com/advice-thread/I-am-upside-down-on-my-home-and-want-to-refinance/393265/ <p>Two mortgage loans with high rates.&nbsp; The loans are not through Fannie or Freddie.&nbsp; The estimated value is $160K-$175, but owe $190K.&nbsp; Is there any way to refinance?</p><br \><br \>5 replies Fri, 01 Apr 2011 13:23:00 GMT http://www.zillow.com/advice-thread/I-am-upside-down-on-my-home-and-want-to-refinance/393265/ 2011-04-01T13:23:00Z Will this refinance work? http://www.zillow.com/advice-thread/Will-this-refinance-work/528449/ You might want to consider a blanket mortgage including both properties - with the added advantage that It can be done in one transaction.<br \><br \>0 replies Fri, 14 Feb 2014 17:26:00 GMT http://www.zillow.com/advice-thread/Will-this-refinance-work/528449/ 2014-02-14T17:26:00Z what is the value of my townhouse in diamond bar, ca? http://www.zillow.com/advice-thread/what-is-the-value-of-my-townhouse-in-diamond-bar-ca/380984/ Lynne,<br/><br/>I am not a Realtor, I'm a mortgage loan originator. <br/>1.&nbsp;click&nbsp;on link<br/>2.&nbsp;front page says find a home&nbsp;for sale - this has a button with an upside down triangle - click on that<br/>3. 3rd down says recently sold homes - click on that<br/>4.&nbsp;there you will see advanced search&nbsp; - click on that&nbsp;<br/>5. fill in the fields and start your search.&nbsp;<br/><br/>Good luck.<br/><br/>Happy funding, Rudi<br \><br \>0 replies Sat, 15 Jan 2011 22:41:00 GMT http://www.zillow.com/advice-thread/what-is-the-value-of-my-townhouse-in-diamond-bar-ca/380984/ 2011-01-15T22:41:00Z Refinance investment property http://www.zillow.com/advice-thread/Refinance-investment-property/516170/ I am a Mortgage Officer in CT.&nbsp; Typically, if the loan is going to be sold to an investor/secondary market, the maximum LTV for an investment property is 75%<br \><br \>0 replies Tue, 22 Oct 2013 00:24:00 GMT http://www.zillow.com/advice-thread/Refinance-investment-property/516170/ 2013-10-22T00:24:00Z What should be the maximum loan to values ratio that I can get approved. i have a score of 750+ http://www.zillow.com/advice-thread/What-should-be-the-maximum-loan-to-values-ratio-that-I-can-get-approved-i-have-a-score-of-750/294971/ I am interested in <a href="http://www.zillow.com/refinance/">refinancing</a> to combine my two mortgages.<br/>First @ 5.75% with balance 327,000<br/>Second @ 8% with balance $58,000<br/><br/>My house may appraise for $410K<br \><br \>0 replies Mon, 09 Nov 2009 20:20:00 GMT http://www.zillow.com/advice-thread/What-should-be-the-maximum-loan-to-values-ratio-that-I-can-get-approved-i-have-a-score-of-750/294971/ 2009-11-09T20:20:00Z How can I get a quick and painless refinance without all the hassle and apprasial? http://www.zillow.com/advice-thread/How-can-I-get-a-quick-and-painless-refinance-without-all-the-hassle-and-apprasial/491600/ I am not a mortgage pro, so please verify this information with a lender. But, I like to play with numbers...<br/><br/>Note: Principal and interest (P/I) on 126K @ 5.85% over 360 months works out to $743/month, so I am assuming that the $920 includes escrows.<br/><br/>Using your original numbers (30yr, 5.85%, 89K balance after 10'ish years), and averaging $350 extra principal per month, your loan will be paid off in about 11 years. During that time, you will pay about $145K towards P/I.<br/><br/>If you refi the $89K over 30yrs @ 3.5%, the potential diff in P/I is $343/month. With the $350/month for the prior calc, that's $693/month that you can play with.<br/><br/>Talk to a mortgage lender who is willing to sit down and run some numbers for you. I have a feeling you can do very well...and still have extra monthly cashflow that you can either apply to the mortgage, save, or whatever.<br \><br \>0 replies Fri, 10 May 2013 04:20:00 GMT http://www.zillow.com/advice-thread/How-can-I-get-a-quick-and-painless-refinance-without-all-the-hassle-and-apprasial/491600/ 2013-05-10T04:20:00Z Mortgage thru Provident. They own it. No loan modification program. Need to refi! No equity. No HARP http://www.zillow.com/advice-thread/Mortgage-thru-Provident-They-own-it-No-loan-modification-program-Need-to-refi-No-equity-No-HARP/430157/ I owe 490,000...it appraises at 500,000 now.&nbsp; They own mortgage privately...do not qualify for HARP.&nbsp; So frustrated.&nbsp; Good credit and pay all my bills.&nbsp; Struggling every month with college tuition for son.&nbsp; Is there any mortgage company that can help.&nbsp; Thought is was better to go through my&nbsp;bank....and now I qualify for no help!&nbsp; UGH<br \><br \>7 replies Sat, 28 Jan 2012 03:34:00 GMT http://www.zillow.com/advice-thread/Mortgage-thru-Provident-They-own-it-No-loan-modification-program-Need-to-refi-No-equity-No-HARP/430157/ 2012-01-28T03:34:00Z Can PMI can be dropped on a conventional loan with an 80% LTV. Is this true with a FHA loan also? http://www.zillow.com/advice-thread/Can-PMI-can-be-dropped-on-a-conventional-loan-with-an-80-LTV-Is-this-true-with-a-FHA-loan-also/270401/ <strong><em>Private <a href="http://www.zillow.com/mortgage/help/Private-Mortgage-Insurance.htm">mortgage insurance</a> insures up to 20% of the <a href="http://www.zillow.com/mortgage/">loan</a> amount when a buyer puts down less than 20%.</em></strong> <br/><br/>PMI insures more than that. Depending on the coverage level required either by the agency guideline or the <a href="http://www.zillow.com/directory/lenders/">lender</a> the coverage can be as much as the top 35% of the mortgage.<br \><br \>0 replies Fri, 21 Aug 2009 20:47:00 GMT http://www.zillow.com/advice-thread/Can-PMI-can-be-dropped-on-a-conventional-loan-with-an-80-LTV-Is-this-true-with-a-FHA-loan-also/270401/ 2009-08-21T20:47:00Z Checking out lenders listed here? http://www.zillow.com/advice-thread/Checking-out-lenders-listed-here/282691/ Zillybob,<br/><br/>Here is another suggestion to get a feel for a lender, click on their profile and read some of the comments left here.<br/><br/>Most will leave good advice from their prospective and experience.&nbsp; Others will be immature,&nbsp;combative and critical without contributing anything of substance.&nbsp; How will this type of person handle YOUR MORTGAGE?<br/><br/>Others will try to tell you what to do and where to go with your business.&nbsp; Insulting your intelligence with baseless suggestions that make no sense but to influence&nbsp;YOU for personal reasons.&nbsp; It is so irrational to think the zillow client would come to zillow for great rates and then limit their choices to a <a href="http://www.zillow.com/directory/lenders/">lender</a> 1 or 2 states away.<br/><br/>The best of luck with your decision.<br \><br \>0 replies Sun, 27 Sep 2009 22:11:00 GMT http://www.zillow.com/advice-thread/Checking-out-lenders-listed-here/282691/ 2009-09-27T22:11:00Z options for refinance http://www.zillow.com/advice-thread/options-for-refinance/393294/ unfortunately, the only option you have would be with a loan modification at this point.&nbsp; You'll have to provide a financial worksheet, hardship letter, tax returns, bank statements, paystubs, etc to your current lender and work from there.&nbsp; Be very careful of companies taking up front money to negotiate on your behalf, as a mortgage banker we dont participate in the process, so I couldnt give you first hand experience... just the horror tales I've heard of people getting ripped off.&nbsp; Sometimes your lender will host events for borrowers to come in and be seen that day.&nbsp; I know Wells fargo has made big strides in trying to do that type of thing.&nbsp; Your best bet is to try and contact your lender now, before you fall behind and cant catch up.&nbsp; Good luck!<br \><br \>0 replies Fri, 01 Apr 2011 16:59:00 GMT http://www.zillow.com/advice-thread/options-for-refinance/393294/ 2011-04-01T16:59:00Z Resonable Fee for Subordination http://www.zillow.com/advice-thread/Resonable-Fee-for-Subordination/356429/ <p>I will agree with Rudi and Clay that the fee is on the high side. you will also need to pay a recording fee to record the subordination at your local county registry of deeds. If you have the ability to consolidate the second into the new mortgage, this might be good to do.</p><br \><br \>0 replies Tue, 06 Jul 2010 01:52:00 GMT http://www.zillow.com/advice-thread/Resonable-Fee-for-Subordination/356429/ 2010-07-06T01:52:00Z Which mortagage option is best for me? http://www.zillow.com/advice-thread/Which-mortagage-option-is-best-for-me/381008/ I am trying to refinance my home and am being encouraged to go with a variable rate mortgage for about 3.98%. The monthly payment will be substantially less than my current 1st and 2nd mortgage payments and I'll be able to pay the difference towards principle. I'm not sure if I want to stay here 3 or 10 years, but probably no more than 10 years at the very most. Is this a good option for me?<br \><br \>3 replies Sat, 15 Jan 2011 20:58:00 GMT http://www.zillow.com/advice-thread/Which-mortagage-option-is-best-for-me/381008/ 2011-01-15T20:58:00Z Private Money Mortgages Help Borrowers with Bad Credit http://www.zillow.com/advice-thread/Private-Money-Mortgages-Help-Borrowers-with-Bad-Credit/540766/ [spam deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]<br \><br \>0 replies Wed, 14 May 2014 19:34:00 GMT http://www.zillow.com/advice-thread/Private-Money-Mortgages-Help-Borrowers-with-Bad-Credit/540766/ 2014-05-14T19:34:00Z Trying to get a loan at 75 http://www.zillow.com/advice-thread/Trying-to-get-a-loan-at-75/430165/ Agree with the others, age is not an issue. Depending on the amount of money you plan to put down you could also have the option of using a Reverse Mortgage to purchase the home.<br \><br \>0 replies Sat, 28 Jan 2012 12:32:00 GMT http://www.zillow.com/advice-thread/Trying-to-get-a-loan-at-75/430165/ 2012-01-28T12:32:00Z Is QuickenLoans my only option for HARP refinance with Seterus? http://www.zillow.com/advice-thread/Is-QuickenLoans-my-only-option-for-HARP-refinance-with-Seterus/479328/ I have an underwater Fannie Mae mortgage LTV ratio 130.7% according to FannieMae estimated value. This loan is serviced by Seterus and I have requested quotes from Quickenloans because they say that they are the only ones who can HARP refinance with Seterus, is that true?<br \><br \>5 replies Tue, 19 Feb 2013 21:18:00 GMT http://www.zillow.com/advice-thread/Is-QuickenLoans-my-only-option-for-HARP-refinance-with-Seterus/479328/ 2013-02-19T21:18:00Z Should I refinance http://www.zillow.com/advice-thread/Should-I-refinance/454755/ My extisting mortgage:&nbsp; 7.125% with 15 years remaining fixed loan.&nbsp; Payoff today is $43,700.&nbsp; Is it better to refinance at a rate of 3.50% for 10 years of make an extra mortgage payment at the end of the year?<br \><br \>1 reply Thu, 09 Aug 2012 14:22:00 GMT http://www.zillow.com/advice-thread/Should-I-refinance/454755/ 2012-08-09T14:22:00Z Refinance with HELOC http://www.zillow.com/advice-thread/Refinance-with-HELOC/307288/ Came into some money and want to paydown my <a href="http://www.zillow.com/mortgage/">mortgage</a> to reduce my monthly payment. I have a 30yr fixed so I believe I have to <a href="http://www.zillow.com/refinance/">refinance</a> to accomplish this. I also have a HELOC from a different bank. Can I refinance while still maintaining a balance on the HELOC?<br \><br \>4 replies Thu, 17 Dec 2009 16:48:00 GMT http://www.zillow.com/advice-thread/Refinance-with-HELOC/307288/ 2009-12-17T16:48:00Z HARP2.0 vs. home equity loan option? http://www.zillow.com/advice-thread/HARP2-0-vs-home-equity-loan-option/442468/ There is the mathematical answer-You should refinance your primary and payoff the investment property.&nbsp; You will pay a lower monthly payment by doing this.<br/><br/>There is the answer that helps you sleep better at night-If it bothers you, and it sounds like it will, to have a mortgage on your primary then you shouldn't do that.<br/><br/>God forbid something bad happens and your income is affected to the point that you couldn't make your mortgage payment.&nbsp; You would much rather have to stop payments on your investment property than your primary residence.&nbsp; <br/><br/>If I were you I would use the HARP 2.0 program on your investment and keep your primary free and clear.&nbsp; The rate difference between the HARP 2.0 and what you would get on the traditional refi is not astronomical at all.<br/><br/>Best wishes,<br/><br/>John<br \><br \>0 replies Sat, 12 May 2012 07:36:00 GMT http://www.zillow.com/advice-thread/HARP2-0-vs-home-equity-loan-option/442468/ 2012-05-12T07:36:00Z