Zillow Advice RSS: Question-Discussion-Guide,Refinance,CA http://www.zillow.com/advice/CA/mortgage-refinance/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Should we refinance? http://www.zillow.com/advice-thread/Should-we-refinance/563196/ To make the most sound financial decision, you need to contact a Mortgage Professional to determine based on all qualifying factors, what your exact options are and then you can do a comparative analysis. The math is going to give you the real answer for both the short and long term. When you opened your loan and the amount you put down will also be the indicator as to how long the MIP is scheduled to remain on your particular loan. There are so many parts to this you really are not going to know what makes the best decision for you without analyzing the data. If you need a full free analysis and or further help, you can reach me through my Profile. All the best to you!<br \><br \>0 replies Fri, 17 Oct 2014 19:17:00 GMT http://www.zillow.com/advice-thread/Should-we-refinance/563196/ 2014-10-17T19:17:00Z I have locked a rate through a broker, but am concerned because bank they are using has very poor re http://www.zillow.com/advice-thread/I-have-locked-a-rate-through-a-broker-but-am-concerned-because-bank-they-are-using-has-very-poor-re/489134/ The sad truth about today's mortgage/banking world is almost any loan can end up anywhere for servicing. Even companies that portfolio a large percentage of their loans may some day sell the servicing of those loans to another bank, and it could be shortly after closing. There is no way to tell.<br/><br/>Luckily customer service for a mortgage shouldn't be an issue. Most people never need to utilize their mortgage company's customer service, they just make the payment and never deal with them for years.<br \><br \>0 replies Tue, 23 Apr 2013 14:33:00 GMT http://www.zillow.com/advice-thread/I-have-locked-a-rate-through-a-broker-but-am-concerned-because-bank-they-are-using-has-very-poor-re/489134/ 2013-04-23T14:33:00Z FHA Streamline http://www.zillow.com/advice-thread/FHA-Streamline/561658/ Both.&nbsp; <br/>FHA doesn't require much to qualify -- they're already on the hook for your loan so a lower payment is better for them -- but a lot of banks and mortgage lenders add their own overlays -- many have strict loan-to-value limits too.&nbsp; Some won't even offer the program if they don't already service the loan.&nbsp; We work locally and have very minimal overlays, so if you're in CT or PA click the profile and I or others in my company can help you. Thanks for reading.&nbsp;<br \><br \>0 replies Sat, 04 Oct 2014 13:57:00 GMT http://www.zillow.com/advice-thread/FHA-Streamline/561658/ 2014-10-04T13:57:00Z Whether pay off a part of the principal http://www.zillow.com/advice-thread/Whether-pay-off-a-part-of-the-principal/550858/ Pay off part of the mortgage, but keep an emergency fund aside as you mentioned. Also, open a Home Equity Line on your home. You don't need to draw anything on it (and there is no interest charged if you do not draw funds), but it is a great safety net to have.<br \><br \>0 replies Wed, 23 Jul 2014 13:03:00 GMT http://www.zillow.com/advice-thread/Whether-pay-off-a-part-of-the-principal/550858/ 2014-07-23T13:03:00Z Is there any lender who will refinance a jumbo upside down loan? Have great credit,current payments. http://www.zillow.com/advice-thread/Is-there-any-lender-who-will-refinance-a-jumbo-upside-down-loan-Have-great-credit-current-payments/251518/ I know of a bridge loan lender that will buy your mortgage note from you bank at a discount and then restructure your loan to a lower total amount due (usually at 80% LTV). Then, you refinance the new mortgage and have a mortgage that is less than the current market value.&nbsp; My business partner and I have started working with this lender to help others with upside down jumbo loan mortgages. &nbsp;<br/><em><br/>[promotion and contact information deleted by Zillow moderator. Please refer to our&nbsp;<a rel="nofollow" href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>&nbsp;for posting guidelines]</em><br/><br/>&nbsp;Of course, you may never see this posting if Zillow thinks we are trying to market or something - I just don't know of another way to get you the help without posting our number.<br \><br \>0 replies Fri, 12 Apr 2013 23:48:00 GMT http://www.zillow.com/advice-thread/Is-there-any-lender-who-will-refinance-a-jumbo-upside-down-loan-Have-great-credit-current-payments/251518/ 2013-04-12T23:48:00Z Can I refi my current FHA loan, IF I have another home in the foreclosure process? http://www.zillow.com/advice-thread/Can-I-refi-my-current-FHA-loan-IF-I-have-another-home-in-the-foreclosure-process/378054/ Hasn't your credit score been hit hard by not paying the mortgage?&nbsp; I can't imagine that you will qualify, but you should speak to a mortgage lender who will have access to many different programs.<br \><br \>0 replies Fri, 17 Dec 2010 19:55:00 GMT http://www.zillow.com/advice-thread/Can-I-refi-my-current-FHA-loan-IF-I-have-another-home-in-the-foreclosure-process/378054/ 2010-12-17T19:55:00Z I want to refi my Freddie Mac loan with Chase... http://www.zillow.com/advice-thread/I-want-to-refi-my-Freddie-Mac-loan-with-Chase/314791/ Do you currently have to pay <a href="http://www.zillow.com/mortgage/help/Private-Mortgage-Insurance.htm">mortgage insurance</a> or do you have <a href="http://www.zillow.com/directory/lenders/">lender</a> paid mortgage insurance?<br \><br \>0 replies Thu, 14 Jan 2010 17:05:00 GMT http://www.zillow.com/advice-thread/I-want-to-refi-my-Freddie-Mac-loan-with-Chase/314791/ 2010-01-14T17:05:00Z Should I pay off/down my mortgage with HELIOC? http://www.zillow.com/advice-thread/Should-I-pay-off-down-my-mortgage-with-HELIOC/195982/ <p>I have a 30-year fixed mortagage at rate of 5.625% and a HELIOC at rate of prime minus 0.75 (currently it's 2.5%).&nbsp; Should I pay off/down the mortagage with HELIOC to lower the monthly payment? Any pros and cons for doing so?</p><br \><br \>2 replies Thu, 05 Feb 2009 05:18:00 GMT http://www.zillow.com/advice-thread/Should-I-pay-off-down-my-mortgage-with-HELIOC/195982/ 2009-02-05T05:18:00Z Understanding Prepayment Penalty in GFE http://www.zillow.com/advice-thread/Understanding-Prepayment-Penalty-in-GFE/367256/ Hello Sridharan,<br/>&nbsp;The reason you have a prepayment penalty is because the&nbsp;mortgage broker is paying your closing costs through a rebate that the lender is offering.&nbsp; You can avoid this prepayment if you want to pay the points&nbsp;on your loan amount&nbsp;( usually 1 -1.5% of your loan amount ).<br/><br/>It's a trade off system.&nbsp; Unless you really have no intention of paying off your loan in six months ( NOT COMMON ) then I wouldn't worry about it at all.<br/><br/>If you are happy with the rate and it seems to be fair, I would proceed with closing.&nbsp; You can always call another broker and get a quote and compare your rate to the current market.&nbsp; If you are within .125 or .250 then no real concern should be had.<br \><br \>0 replies Wed, 22 Sep 2010 14:21:00 GMT http://www.zillow.com/advice-thread/Understanding-Prepayment-Penalty-in-GFE/367256/ 2010-09-22T14:21:00Z Do you also handle jumbo loans for rental properties?john_l_rose@yahoo.com http://www.zillow.com/advice-thread/Do-you-also-handle-jumbo-loans-for-rental-properties-john-l-rose-yahoo-com/455209/ Hi user,<br/><br/>I recommend taking a look for mortgage quotes on <a href="http://www.zillow.com/mortgage-rates">Zillow Mortgage Marketplace</a>.<br/><br/>Thanks,<br/>Candace<br/>Zillow Customer Support<br \><br \>0 replies Mon, 13 Aug 2012 17:39:00 GMT http://www.zillow.com/advice-thread/Do-you-also-handle-jumbo-loans-for-rental-properties-john-l-rose-yahoo-com/455209/ 2012-08-13T17:39:00Z How to get help with a home underwater http://www.zillow.com/advice-thread/How-to-get-help-with-a-home-underwater/436695/ What kind of loan is your first mortgage?<br \><br \>0 replies Mon, 26 Mar 2012 19:27:00 GMT http://www.zillow.com/advice-thread/How-to-get-help-with-a-home-underwater/436695/ 2012-03-26T19:27:00Z LTV Over 125%/HARP http://www.zillow.com/advice-thread/LTV-Over-125-HARP/287024/ Not sure if this is an option for you but you can pay down your <a href="http://www.zillow.com/mortgage/">mortgage</a> to get you under the 125% ltv cap.<br \><br \>0 replies Sat, 10 Oct 2009 02:44:00 GMT http://www.zillow.com/advice-thread/LTV-Over-125-HARP/287024/ 2009-10-10T02:44:00Z can I refi if I am trying to buy out my spouse? http://www.zillow.com/advice-thread/can-I-refi-if-I-am-trying-to-buy-out-my-spouse/373435/ Yes, a refinance is possible if your income supports the new mortgage payments &amp; your appraisal meets the&nbsp;lender's requirements.&nbsp; You might want to go back to your existing lender or the mortgage broker who handled your existing mortgage loan, as you have a track record there.<br \><br \>0 replies Tue, 02 Nov 2010 03:23:00 GMT http://www.zillow.com/advice-thread/can-I-refi-if-I-am-trying-to-buy-out-my-spouse/373435/ 2010-11-02T03:23:00Z Any charges for cancelled funding by lender at borrower fault? http://www.zillow.com/advice-thread/Any-charges-for-cancelled-funding-by-lender-at-borrower-fault/365720/ Joey, unless the lender collected more than the appraisal and credit fee I'd doubt there will be any additional charges.&nbsp; It's fair they keep those two fees assuming the product (appraisal report and credit report) was completed on your behalf.<br/><br/>Unfortunately for lenders and real estate agents, we don't get paid unless you close escrow, regardless of how hard we've worked on your file.&nbsp; It's part of the job.&nbsp; :(<br/><br/>If you think you've been overcharged you can check with whatever entity oversees the lender. If it's a mortgage broker or mortgage banker you can check with Dept. of Real Estate or the Dept. of Corporations in CA.<br \><br \>0 replies Fri, 10 Sep 2010 15:57:00 GMT http://www.zillow.com/advice-thread/Any-charges-for-cancelled-funding-by-lender-at-borrower-fault/365720/ 2010-09-10T15:57:00Z Do you offer mortgage terms that are less than 15 years, e.g. 10 year mortgage? At what rate? http://www.zillow.com/advice-thread/Do-you-offer-mortgage-terms-that-are-less-than-15-years-e-g-10-year-mortgage-At-what-rate/183647/ 10 replies Fri, 02 Jan 2009 01:48:00 GMT http://www.zillow.com/advice-thread/Do-you-offer-mortgage-terms-that-are-less-than-15-years-e-g-10-year-mortgage-At-what-rate/183647/ 2009-01-02T01:48:00Z REFI options any suggestions http://www.zillow.com/advice-thread/REFI-options-any-suggestions/428988/ Can anyone out in the <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> community offer me any better rates?<br \><br \>0 replies Mon, 16 Jan 2012 23:34:00 GMT http://www.zillow.com/advice-thread/REFI-options-any-suggestions/428988/ 2012-01-16T23:34:00Z can i get a loan with cash out if i'm self employed and have alot of equity in my home http://www.zillow.com/advice-thread/can-i-get-a-loan-with-cash-out-if-i%27m-self-employed-and-have-alot-of-equity-in-my-home/280864/ I am a self employed General Contractor, all by bills are current , my credit score is real good, bussiness is slow, i dont show alot of income. I'm looking for a equity loan<br/>my <a href="http://www.zillow.com/mortgage/">home mortgage</a> balance is 171,000.00 and fair market value is 540,000.00<br \><br \>4 replies Mon, 21 Sep 2009 17:45:00 GMT http://www.zillow.com/advice-thread/can-i-get-a-loan-with-cash-out-if-i%27m-self-employed-and-have-alot-of-equity-in-my-home/280864/ 2009-09-21T17:45:00Z Please stop sending quotes. Accepted 4.75 Apr 1.0 point, $2000closing fee with reputable corp. http://www.zillow.com/advice-thread/Please-stop-sending-quotes-Accepted-4-75-Apr-1-0-point-2000closing-fee-with-reputable-corp/191372/ I think the <a href="http://www.zillow.com/directory/lenders/">lender</a> was KY Mortgage<br \><br \>0 replies Fri, 23 Jan 2009 00:03:00 GMT http://www.zillow.com/advice-thread/Please-stop-sending-quotes-Accepted-4-75-Apr-1-0-point-2000closing-fee-with-reputable-corp/191372/ 2009-01-23T00:03:00Z Do I have to be on the refinance loan to be a co-owner? http://www.zillow.com/advice-thread/Do-I-have-to-be-on-the-refinance-loan-to-be-a-co-owner/438253/ No, but you have to be on the deed/title to the property.<br/><br/>The mortgage doesn't determine ownership it only determines liablity.&nbsp; As long as you are on the title/deed you will have a right to the home.<br/><br/>Also, depending on your state a home could be considered marital property regardless of whether or not you are on the deed/title/mortgage.<br/><br/>Just get on the deed to play it safe.&nbsp; The title company can do this when you close the loan.<br/><br/>Best of luck!<br \><br \>0 replies Sun, 08 Apr 2012 06:13:00 GMT http://www.zillow.com/advice-thread/Do-I-have-to-be-on-the-refinance-loan-to-be-a-co-owner/438253/ 2012-04-08T06:13:00Z Federal Contractor with 2 W-2's from 2011, same place of employment. Lender won't use both W-2's. http://www.zillow.com/advice-thread/Federal-Contractor-with-2-W-2%27s-from-2011-same-place-of-employment-Lender-won%27t-use-both-W-2%27s/436710/ I see no reason why you cannot refinance with any mortgage product you wish under these circumstances. &nbsp;I'm confirming with an underwriter now and will get right back to you.<br \><br \>0 replies Mon, 26 Mar 2012 20:23:00 GMT http://www.zillow.com/advice-thread/Federal-Contractor-with-2-W-2%27s-from-2011-same-place-of-employment-Lender-won%27t-use-both-W-2%27s/436710/ 2012-03-26T20:23:00Z