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/ Zillow Advice search results | Zillow Real Estate Should I refinance? http://www.zillow.com/advice-thread/Should-I-refinance/597857/ The term of the mortgage I had taken to buy my car in Toronto will end this October and I am planning to refinance my mortgage. But when I said this to my friends few of the told me that refinancing isn't a good option. According to them, it will negatively impact my credit and also they said that the procedures are very lengthy and that I will have to start over my loan to refinance. But then I read a blog about mortgage refinancing from Northwood Mortgage&nbsp;which states that these are not true.&nbsp;<br/>Can someone here here help me get a correct picture on refinancing. Not the myths, the original facts.<br \><br \>2 replies Thu, 30 Jul 2015 05:23:00 GMT http://www.zillow.com/advice-thread/Should-I-refinance/597857/ 2015-07-30T05:23:00Z Should we wait to complete our bathroom remodel before refinancing our home? http://www.zillow.com/advice-thread/Should-we-wait-to-complete-our-bathroom-remodel-before-refinancing-our-home/365021/ We are in the process of completing a bathroom remodel and are about 1/3 of the way done.&nbsp; Should we wait for the bathroom to be complete 100%&nbsp;before we refinance our home?&nbsp;<br \><br \>13 replies Fri, 03 Sep 2010 15:24:00 GMT http://www.zillow.com/advice-thread/Should-we-wait-to-complete-our-bathroom-remodel-before-refinancing-our-home/365021/ 2010-09-03T15:24:00Z Can I refinance from FHA loan to a 203k streamline? http://www.zillow.com/advice-thread/Can-I-refinance-from-FHA-loan-to-a-203k-streamline/597817/ Hi, we bought our house a year ago with a regular FHA and got it at a high interest rate. We've been talking to a few lenders for a regular FHA streamline to take advantage of a lower interest rate MIP rate. My questions is if we would be able to refinance with a 203k streamline to do minor upgrades and still take advantage of lower rates. Any and all advice is much appreciated. Thanks in advance.&nbsp;<br \><br \>3 replies Wed, 29 Jul 2015 22:12:00 GMT http://www.zillow.com/advice-thread/Can-I-refinance-from-FHA-loan-to-a-203k-streamline/597817/ 2015-07-29T22:12:00Z Refinancing and renting http://www.zillow.com/advice-thread/Refinancing-and-renting/597806/ My fiance and I are currently trying to relocate as she is looking for employment. &nbsp;The loan on our house is &nbsp;PHFA loan in PA. &nbsp;In the agreement it states we cannot rent it out. &nbsp;Hence why we are trying to sell it. &nbsp;We are having a tough time selling it and really thought about renting it. &nbsp;We would, obviously, need to refinance to another load type to do this. &nbsp;But would that even been allowed? &nbsp;We're looking for advice on how to handle our situation. &nbsp;There are no jobs in this area and we really need to get out.<br \><br \>3 replies Wed, 29 Jul 2015 20:12:00 GMT http://www.zillow.com/advice-thread/Refinancing-and-renting/597806/ 2015-07-29T20:12:00Z IRRL Va Refinance http://www.zillow.com/advice-thread/IRRL-Va-Refinance/597620/ We purchased our home using my VA loan eligibility on March 31 2015. Our interest rate is 4.125% bwcaue at the time out scores were roughly 640( auo lender marked us as late even though we weren't and has since been removed from our reports) and now our scores are 675. My question is AM I eligible to refinance or is it so soon? And if I can woyld my rate go down enough to make it worthwhile. Reason we went with higher rate was because we were time crunched due to our old homes lease ending within 3 days of closing. Thanks for your help.<br \><br \>6 replies Tue, 28 Jul 2015 18:01:00 GMT http://www.zillow.com/advice-thread/IRRL-Va-Refinance/597620/ 2015-07-28T18:01:00Z FHA Streamline refinance on investment property? http://www.zillow.com/advice-thread/FHA-Streamline-refinance-on-investment-property/585011/ I'm recently divorced and need to refinance an investment/rental property to get my ex-wife's name off the mortgage &amp; title. Can this be done through an FHA streamline refinance?<br \><br \>5 replies Thu, 30 Apr 2015 20:24:00 GMT http://www.zillow.com/advice-thread/FHA-Streamline-refinance-on-investment-property/585011/ 2015-04-30T20:24:00Z Looking for foreign national mortgages for investment properties in Chicago http://www.zillow.com/advice-thread/Looking-for-foreign-national-mortgages-for-investment-properties-in-Chicago/552498/ <p>Have bought several properties from Chicago. REO/short sales. All up and running now. Looking for refinance/cash out these properties. Any lenders in Chicago area willing to lend for a foreigner?</p><br \><br \>6 replies Thu, 31 Jul 2014 20:37:00 GMT http://www.zillow.com/advice-thread/Looking-for-foreign-national-mortgages-for-investment-properties-in-Chicago/552498/ 2014-07-31T20:37:00Z Is it problematic to apply for a refinance with two companies at the same time? http://www.zillow.com/advice-thread/Is-it-problematic-to-apply-for-a-refinance-with-two-companies-at-the-same-time/446003/ I've started the process with my credit union but have found a deal online that looks better - I'm just not sure what hidden expenses may come up.&nbsp; Do I risk anything except irritation if I appy with two companies at the same time?<br \><br \>6 replies Thu, 07 Jun 2012 20:27:00 GMT http://www.zillow.com/advice-thread/Is-it-problematic-to-apply-for-a-refinance-with-two-companies-at-the-same-time/446003/ 2012-06-07T20:27:00Z How quickly can I refinance (to get out of my FHA mortgage insurance)? http://www.zillow.com/advice-thread/How-quickly-can-I-refinance-to-get-out-of-my-FHA-mortgage-insurance/593293/ Just closed on a house in January. &nbsp;Didn't have the 20% down, so got an FHA mortgage which requires something like $650/mo in mortgage insurance. &nbsp;Obviously I'd love to put that money toward some investment, or even toward the principal... so my question is, how quickly can I refinance to get rid of that? &nbsp;Does it mostly depend on how quickly my home value appreciates?<br \><br \>13 replies Sun, 28 Jun 2015 06:29:00 GMT http://www.zillow.com/advice-thread/How-quickly-can-I-refinance-to-get-out-of-my-FHA-mortgage-insurance/593293/ 2015-06-28T06:29:00Z Is there a lender that will refinance me? http://www.zillow.com/advice-thread/Is-there-a-lender-that-will-refinance-me/593963/ I have a $700k first and a $145k HELOC. I am currently at 85% -90% CLTV. I really want to combine both into one loan. Credit 720. Documented income. Any thoughts?<br \><br \>10 replies Fri, 03 Jul 2015 04:23:00 GMT http://www.zillow.com/advice-thread/Is-there-a-lender-that-will-refinance-me/593963/ 2015-07-03T04:23:00Z HUD Will not Insure the loan http://www.zillow.com/advice-thread/HUD-Will-not-Insure-the-loan/594906/ I have an FHA loan that we refinanced in March its closed and recorded. &nbsp;Now HUD is coming back at the lender and will not insure it because of some underwriting mistake.<br/><br/>What happens now??? &nbsp;Is the loan somehow in default?<br/><br/><br \><br \>6 replies Thu, 09 Jul 2015 22:57:00 GMT http://www.zillow.com/advice-thread/HUD-Will-not-Insure-the-loan/594906/ 2015-07-09T22:57:00Z Should I refinance to remove MIP/PMI but with higher APR? http://www.zillow.com/advice-thread/Should-I-refinance-to-remove-MIP-PMI-but-with-higher-APR/595476/ <div>Hello Everyone,<br/><div>I need some advise and suggestion to make a decision. &nbsp;I have an FHA loan since 2012 with a $350K balance and paying MIP ($350 /month). &nbsp;My home value is estimated around $490K. &nbsp;I am considering to refinance my FHA to a Conventional loan to remove my MIP payments. &nbsp;However, my current rate is only 3.25% on 30-year fixed. &nbsp;I received a couple of quotes for 4.25% on 30 or 25-year fixed for a Conventional loan. &nbsp;<br/><div>My question is does it make sense to refinance to a Conventional loan to get rid of MIP, but locked into a 1% higher rate? &nbsp;It seems to make sense in the beginning, but I'm afraid I will be paying much more interest in the long-run because of the higher rate. &nbsp;Any thoughts or suggestions are appreciated. &nbsp;Thanks!</div></div></div><br \><br \>14 replies Mon, 13 Jul 2015 22:33:00 GMT http://www.zillow.com/advice-thread/Should-I-refinance-to-remove-MIP-PMI-but-with-higher-APR/595476/ 2015-07-13T22:33:00Z HIGH LTV Rental Property REFI Not Fannie or Freddie http://www.zillow.com/advice-thread/HIGH-LTV-Rental-Property-REFI-Not-Fannie-or-Freddie/595811/ <p class="MsoNormal">I need to refinance my rental property, 88%LTV, loan is with HSBC, high interest rate &amp; they refuse to modify loan. Not Freddie or Fannie hence not HARP eligible. Any lenders or banks who will refi in such cases. Any recommendations/leads/ ideas much appreciated.</p><br \><br \>2 replies Wed, 15 Jul 2015 20:51:00 GMT http://www.zillow.com/advice-thread/HIGH-LTV-Rental-Property-REFI-Not-Fannie-or-Freddie/595811/ 2015-07-15T20:51:00Z What is the current maximum LTV for Santa Clara County refinance loans of $880,000? http://www.zillow.com/advice-thread/What-is-the-current-maximum-LTV-for-Santa-Clara-County-refinance-loans-of-880-000/423744/ Not sure if it's still 70% as it was a few years ago or if things have loosened up.&nbsp;<br \><br \>15 replies Tue, 22 Nov 2011 20:33:00 GMT http://www.zillow.com/advice-thread/What-is-the-current-maximum-LTV-for-Santa-Clara-County-refinance-loans-of-880-000/423744/ 2011-11-22T20:33:00Z Jumbo loan at 80% LTV in Broward County? Anyone? http://www.zillow.com/advice-thread/Jumbo-loan-at-80-LTV-in-Broward-County-Anyone/597601/ I have a home worth $663,000 (according to Zillow). I have a first mortgage at $300k and a HELOC at $221k. I want to refinance at the current record low rates and consolidate the mortgages into one. At 75% LTV on this deal means I bring money to closing - looking for 80% LTV on a note of $521k (or so). Would prefer a direct lender, not interested in paying nutty fees. Credit score 740+ plenty of income and assets. Reserves a plenty. Please advise.<br \><br \>7 replies Tue, 28 Jul 2015 16:02:00 GMT http://www.zillow.com/advice-thread/Jumbo-loan-at-80-LTV-in-Broward-County-Anyone/597601/ 2015-07-28T16:02:00Z Which Option Would be better for my case? http://www.zillow.com/advice-thread/Which-Option-Would-be-better-for-my-case/597182/ &nbsp;am considering to refinance my current mortgage and the lenders had offered me different options but I am still debating what would be the best fit for me.<br/>&nbsp;My credit score is around 760.<br/>&nbsp;My home value went up and my LTV could be around 85%<br/>&nbsp;currently I have a balance of 358000 with a FHA loan. The rate is 3.75% and my PMI is 396 a month.<br/>-The options that I was offered are<br/>-Option 1:conventional with a 4% and 850$ as a lender credit.<br/>-option&nbsp;2: conventional 3.99% rate and &nbsp;I you will have to buy 0.375% in points. No lender credit at that rate<br/>- option 3: conventional, rate 4.125% with lender credit of 3000$.<br/>- option &nbsp;4: FHA with a 3.5% and 0 lender credit.<br/>-&nbsp;option 5: FHA with 3.625 and 3000 as lender credit.<br/>&nbsp;*&nbsp;what would be the best option for me taking in consideration that I will sell the house in 10 years from now.&amp;<br/>&nbsp;<br/>&nbsp;Thank you<br \><br \>14 replies Sat, 25 Jul 2015 04:06:00 GMT http://www.zillow.com/advice-thread/Which-Option-Would-be-better-for-my-case/597182/ 2015-07-25T04:06:00Z How to refinance after a separation? http://www.zillow.com/advice-thread/How-to-refinance-after-a-separation/597251/ I recently went through a separation (we were not married) but were both on the mortgage. She was a mortgage processor and Became a loan officer with the same company around a year ago. She said we cannot refinance until after she has had her current job for 2 years. I thought it was correct that if someone is self employed they generally like 2 years of income? Does it have to be the same Job? Is it correct she would not qualify with the job change? My concern is that the rates are going to go up in a year and she will not want to refinance and keep dragging it out. Any advice in this situation is much appreciated. Thank you.<br \><br \>5 replies Sat, 25 Jul 2015 18:20:00 GMT http://www.zillow.com/advice-thread/How-to-refinance-after-a-separation/597251/ 2015-07-25T18:20:00Z 4 plex refi rate http://www.zillow.com/advice-thread/4-plex-refi-rate/448601/ We have 4plex that was appraised last year at 260k we owe 226k on it. is 5.25 percent loan non owner occupi for 30 years the best we can do? We have a credit score of 740. We simply want to get a better rate with no cash out.<br \><br \>4 replies Wed, 27 Jun 2012 13:13:00 GMT http://www.zillow.com/advice-thread/4-plex-refi-rate/448601/ 2012-06-27T13:13:00Z Need house appraisal http://www.zillow.com/advice-thread/Need-house-appraisal/597041/ 4 replies Fri, 24 Jul 2015 05:08:00 GMT http://www.zillow.com/advice-thread/Need-house-appraisal/597041/ 2015-07-24T05:08:00Z Anyone have experience or feedback on Quicken Loans Refi? http://www.zillow.com/advice-thread/Anyone-have-experience-or-feedback-on-Quicken-Loans-Refi/438855/ I have a mortgage sold t Seterus by Chase. Apparently Quicken has an agreement with Seterus that allows them to refinance mortgages they service (Seterus is only a servicer). So I contacted them today and it all sounded good - but something about the conversation seemed shady or smelled like a scam. I was asked to pay 300 of Good faith up front. The rates were good, and no appraisals were required. Everything is done online or thru the phone. &nbsp;IT was a gut feeling - too good to be true or something about rushing through it all. I did a google search and found alot of negative feedback and similar stories - it was enough to make me want to dig further and get more examples.<br/><br/>I found on Eopinions site alot of positive feedback - but it looked as if it was all fake feedback entered to boost overall star ratings (accounts were setup almost daily to submit a 5 star rating and user never posted again). So again, very suspicious.<br/><br/>I just want to gain more feedback on any type of deals with Quicken Loans from anyone - good or bad.<br/><br/>Anything is appreciated.<br/><br/>Thanks in advance.<br \><br \>138 replies Fri, 13 Apr 2012 01:01:00 GMT http://www.zillow.com/advice-thread/Anyone-have-experience-or-feedback-on-Quicken-Loans-Refi/438855/ 2012-04-13T01:01:00Z