should i re-finance the house now?

Question

I live in columbia,md. Should i re-finance the house now? What should i do?

Answer 1

There's no possibility of getting a real answer to your question with the information provided.

Without knowing your current rate, credit, income, loan amount, loan-to-value, etc... there is no way of knowing if you could benefit from refinancing. Are you looking for some cash? Lower payments? all these things need to be known.

Call 2-3 mortgage brokers, and at least one bank loan officer. You don't need to make a full application in order for them to take a look at your situation and see if there's any benefit for you. Ideally, let the first contact run a credit report. Get them to tell you your middle credit score, or even to fax you a copy of your report (they may not fax, but should definitely be able to tell you your score). Using that score, you can get quotes from other lenders without running your credit report over and over again.

Talk to a few and see what answers you get, and who you feel was the most honest with you about the real benefits you could get from a refinance. Rates are fairly low right now compared to the last year or two, so it's not a bad time to investigate your options.

Answer 2

to respond to your question...confident. must you? in all probability no longer. except you're saving an significant volume on your month-to-month charge...it oftentimes isn't well worth refinancing except you're decreasing your value with the help of a minimum of a million% or refinancing from an ARM mortgage to a fixed value. you in addition to might might desire to evaluate the quantity of remaining costs linked with refinancing. additionally, in case you financed on an FHA mortgage, you may immediately refinance for unfastened on a term and pymnt foundation once you have shown 365 days of stable pay historical past.

Answer 3

If you want an answer like that you got to give us specifics. Like is the current mortage a fixed-rate or Variable-rate, with interest rate specifics. Also how much is still owed on the property.

Without at least some of this information it is impossible to answer your question.

Answer 4

You're just up the road from us. What are your details? if you contact us we can talk through your current situation and see if it makes sense to refinance now with the options that are available out there... and if not now, a gameplan moving forward.

Answer 5

I agree with some of your current answers without more info to be able to truthfully answer your question I would need more info. If you need assistance or when you have more info please feel free to email me.

Answer 6

I would need more data to advise you properly. Please contact me via my website http://www.slarson.com/contact or email me directly at [e-mail] to discuss.