What do I need to know to refinance a condo?
2007-03-15 17:01:06 · 3 answers · asked by lindakflowers 6 in Business & Finance ➔ Renting & Real Estate
Refi is essentially making a new loan . . .
Same process as your original loan . . .
You'll have to be reworked - any new debts ?
Is your debt to income higher or lower ?
Higher debts = higher loan rate .
Lower debts (better FICO) maybe lower rate ?
Try to maintain at least 20% equity or else you'll be stuck with PMI and that is a total $$$$ flush down the drain.
2007-03-15 17:09:53 · answer #1 · answered by kate 7 · 1⤊ 0⤋
You need to email Jeremiah_2012@yahoo.com
2007-03-15 17:09:05 · answer #2 · answered by Isabella 2 · 1⤊ 0⤋
visit www.1stlibertymortgage.com and look around. reference chris
2007-03-15 17:05:29 · answer #3 · answered by knowledge 2 · 1⤊ 0⤋