Chris Corica's Q&A

Hi Spanky. Clay is correct. The length of time you plan on staying in this home will be a key factor in determining if a refinance is right for you. Also, you do NOT have to stay with BOA. You can still have a CEMA done to avoid the NYS mortgage tax even if you go with a new lender. They are not the fastest or easiest to work with BUT, you do have options. Feel free to contact me through my profile for a no cost, no obligation mortgage consultation.

It depends how long you have been collecting rental income and how it appears it your previous years tax returns. Just to be clear, more or less income won't affect the max loan amount or loan to value.

In this scenario your max loan amount would be $417,000 with an LTV no higher then 80%

Here is a good link to help with your question;http://www.zillow.com/blog/2009-05-01/what-is-the-difference-between-interest-rate-and-apr-annual-percentage-rate/

Feel free to contact me through my profile for a no cost, no obligation mortgage quote and consultation.

Don't you have a manager or supervisor? Seems like an odd request for a message board.

If rates had increased would you be ok with your lender coming back and asking you to take the higher rate? Not likely. With that said, there still may be options for you to refinance into a lower rate loan. Where are you located, what is the current value, amount owed and property type?

If in MA the this is the person you want to work with;http://www.zillow.com/profile/shapiroamg/They give sound advice in the boards and are well respected among the zillow community.  Best of luck.

You have not provided enough info to answer your question. Feel free to contact me through my profile for a no cost, no obligation quote.

How did this fee appear on the GFE? The HUD must match the GFE at closing. If the credit was disclosed properly from the start, then getting your refund shouldn't be a problem. If you have an email or other documentation referencing this refund, I would speak with a supervisor and make them aware of what you have. If not resolved there I would let them know I will be contacting one of the regulating agencies. This should grab their attention and help resolve the problem quickly.