i have to refinance my house in june i would like to find out how mortgages work, what types. ect. i want to investigate lenders and compare all i can to get a good rate they have so many it is real important they have alot off brokers out there even banks. that when you go to closing the numbers or percent changes and with a house. (my only thing to leave my children) i want to find out all property value ups and downs ect. i,m getting real scared im going to mess up help please joni
2007-03-06 10:26:29 · 2 answers · asked by joni 1 in Business & Finance ➔ Renting & Real Estate
That's a tall order. If you like, go to http://www.newprimehomeloans.com and give them a call. You can get a free analysis from them about all different types of loans. Ask for Jon Griffin. He helped me out a lot, and he will walk you through the whole process and tell you what is done, how it is done, what requirements are, AS WELL AS give you information on how to protect yourself from predatory lenders.
2007-03-06 10:34:13 · answer #1 · answered by 1235 4 · 0⤊ 0⤋
When I first started in the buisness this website help me out alot. http://www.mtgprofessor.com/. Everything you need to know. Also ask for a GFE or Good Faith Estimate from every broker you do the deal with and make sure that it does not change when you sign your refinance documents. Remember you have 72 hours after you sign your loan documents to rescind or decline the loan.
Look into a 30 year fix or 30 year fix interest only loan. Great security in both. Good luck
2007-03-06 10:38:37 · answer #2 · answered by Openthathouse.com 4 · 0⤊ 0⤋