Zillow Advice: Refinance - What is the best option for me? Refinance now or wait for better market values?

Knowing the price homes are ...

Thu, 11 Jun 2009 02:22:00 GMT

Knowing the price homes are going for in the last 6 months in your subdivision is a good indication of the current market value of your home which is what the bank will be looking at very closely. It sounds like you've been keeping pretty good track of it. Definatley run your request through Zillow and see what you kind of rate quotes you get back.

Hi Stephen,I don't know if ...

Wed, 10 Jun 2009 23:20:00 GMT

Hi Stephen,

I don't know if it is from the subdivision. I know it is located at Deer Park, or the area developed in 2007. I'm not looking for selling, but to improve my loan rates.

If your house was part of ...

Wed, 10 Jun 2009 18:47:00 GMT

If your house was part of a new 2008 subdivision then the zip code 98065 doesn't matter as much as other more or less identical houses in your subdivision. How much are they selling for? Also what form of mortgage insurance/loan type do you currently have?

Danielwollmann,Geordy is ...

Fri, 29 May 2009 20:48:00 GMT

Danielwollmann,
Geordy is right in that it is hard if you owe more on your home than it is worth. Are you saying you owe 370 on a home worth 410 (455-11%). If that is the case I would recommend submitting a loan request on Zillow Mortgage Marketplace and seeing what type of quotes you can get from our thousands of lenders. It is a free and anonymous shopping site. However, national mortgage rates are up today so you may want to continue to check back and refresh your quotes over the next couple of days/weeks. You can watch national mortgage rate averages here.

Yep seems with the lower ...

Fri, 29 May 2009 18:46:00 GMT

Yep seems with the lower home values and noise pollution, we are a community are in bad shape. I would not be surprised this gets out on the news and no one will want to live up there any longer. Especially on the Ridge.

It will be pretty much impossible ...

Fri, 29 May 2009 07:10:00 GMT

It will be pretty much impossible to refi if you owe more than the appraised value of the home unless you had cash to pay down the balance with. If you don't have some sort of hardship that has caused a reduction in income since the time you closed the loan, a modification is out of the question too. Seems like you will have to wait but I would continue to research it. Things are changing week by week.