Bojangling's Advice

Contributions are sorted newest to oldest.

  • 5 Contributions
  • 0 Best Answers
  • 0 Helpful

Bojangling wrote:

Refinance Scenarios

Answer
The costs for 3 & 4 aren't the same as #2 because the amount borrowed changes.  $460K,  $458K, and $456K, respectively.
December 05 2012
(0)

Refinance Scenarios

Answer
Any advice on picking between the scenarios? 
December 03 2012
(0)

Refinance Scenarios

Answer
What is your zip code?  20124What is the estimated value?  $520K @ Purchase (06/2011)What is your credit Score? 740+What is your annual property taxes?  $5400What is your annual home owners insurance?  $620
December 03 2012
(0)
Refinance Scenarios
I have an existing 30 fixed rate mortgage @ 4.75%.  I put 10% down and bought the Single Premium Upfront Mortgage Insurance (1.42%) with seller credits.  I have $452K left on the Mortgage ($461K original) and my monthly is $2906.I am now looking to refinance and have been offered a few different scenarios and wanted some help comparing them (all are 30 year fixed and include the single premium mortgage insurance upfront (1.44%):1.  3.500% on $460K with $6,448 closing and $2565 monthly2.  3.625% on $460K with $3,595 closing and $2597 monthly3.  3.750% on $458K with $3,299 closing and $2620 monthly4.  3.875% on $456K with $3,593 closing and $2643 monthlyAny thoughts or opinions?  Any help is appreciated.
December 03 2012
(0)
Pre-approval good for FHA or Conventional?
I need to get pre-approved but I don't know what type of loan will ultimately work best for me, an FHA or conventional.  Does it matter what type of loan I get pre-approved for?  Can I switch later on?
April 08 2011
(0)