Refinancing?

Phillips said:
Good luck ;) :fingersx::fingersx:

If Your husband can quit his 2nd job.. then he will spend more time with you at your bedroom :naughty: J|K :):)
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Nah..he can help me with the household chores!!! I am tired of picking up the dog poop, doing laundry, taking care of kids, dinner, food shopping, mowing the grass, fixing the house, and all that all by myself!!! LOL! Then I can have more energy for some fun in the room. Hahahaha!
 
Jclarke said:
Travis, how come? (Got a good reason, not to?)
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I think he done a great job with what he knew and did his best. It is not president's fault what economy does, it just goes in cycles and it involves everybody. It mostly rests on people and companies. If you really want to blame someone, a good one would be thoes that gave out loans that people really cannot afford.
 
Secretblend said:
I think he done a great job with what he knew and did his best. It is not president's fault what economy does, it just goes in cycles and it involves everybody. It mostly rests on people and companies. If you really want to blame someone, a good one would be thoes that gave out loans that people really cannot afford.
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Blame bad evil Brokers!!! Brokers have broke the law when they give out loans to the clients that they knew cannot afford the loan... its a law. Recently passed in many states. If you got a bad loan after Aug 1st 2007... then you can check with your lawyer to see if it true. Very hard to beat that challenge nowaday.

And my father is a retired CEO banker of Bank of America and Citibanker. He is currently 68 years old and mentioned that economy recession has happened 4 time in his life time regardless of what president republican or democrat ran in office.
 
Refinancing could make it take longer to do it.

Try talking with your bank about it.
 
shel90 said:
If we can reduce our mortgage by 300 to 400 a month, my husband can quit his 2nd job! That would be so great!
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Yes, I have been search around for the right bank to refinance my mortgage. I just purchase my condo last Aug 27th, 2007. My interest is 6.65 % include property tax. Oh gosh, I hate to work two jobs rest of my life. When you refinance your mortgage, you need to pay for closing cost. :(

My goal my refinance interest percent drop down to 3.50% interest. Yes I tried with Lending Tree Home Loans. I was so pissed off with agency because he manipulate with me. First of all, he said I was approval at least 4.5%then my interest would be 4.95% with NO closing cost then he said, it will charge me for the closing close $3,000. I flabbergast with him because he was not honest with me. WFT - how can I trust those people nowadays?

I am so discouraged. I can't continue to work two jobs, extremely exhausted every night!! Life is such short !
 
Deaf Mortgage said:
Blame bad evil Brokers!!! Brokers have broke the law when they give out loans to the clients that they knew cannot afford the loan... its a law. Recently passed in many states. If you got a bad loan after Aug 1st 2007... then you can check with your lawyer to see if it true. Very hard to beat that challenge nowaday.

And my father is a retired CEO banker of Bank of America and Citibanker. He is currently 68 years old and mentioned that economy recession has happened 4 time in his life time regardless of what president republican or democrat ran in office.
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The link does not work ?? Adan ???
 
shel90 said:
Nah..he can help me with the household chores!!! I am tired of picking up the dog poop, doing laundry, taking care of kids, dinner, food shopping, mowing the grass, fixing the house, and all that all by myself!!! LOL! Then I can have more energy for some fun in the room. Hahahaha!
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Oh yeah, I am so so SICK of picking up a puppy poops and clean up the urine from the carpet. Take care of bills, chore, etc.... I miss so much being home to do garden work, walk and visit friends, Deaf social, etc.... I feel that my life work 75% and 25% social as balance....

I just want to give up both of two jobs to become homeless... It gets me so discourage to work 80 to 110 hours a week !! No life for me. :(
 
VamPyroX said:
Refinancing could make it take longer to do it.

Try talking with your bank about it.
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Sometime Don't longer because


If people with high mortgage ( stuck and cannot pay extra to principal)..then get refinance and pay low mortgage plus included PRINCIPAL!!!! Awesome!!

My Guess maybe I will pay off my own house in 5 to 7 years? * 2014?:fingersx: because pay low mortgage plus pay principal!!!! :D

Good luck!
 
Interesting thread.

I don't know how difference between America and Germany but I would like to share my experience then it would help you to see the sense... Maybe your Bank offer the same as mine?

We look for reasonable interest to finance my house mortgage. We found the low interest then fix 10 years agreement contract that interest should remain same up to 10 years agreement contract over then re-new agreement contract with new interest. We re-new the 10 years agreement contract with low interest... If high interest then 3 or 5 years agreement contract.

If you want to refinance then you need to look low interest first then fix agreement contract that interest should remain same.


Good Luck :thumb:

 
While there is no time limit for when you may refinance, it has to make sense to the homeowner.

Nowadays, interest rates are low if we can verify income. Depending on your situation, you may want to opt to go FHA, where you get the lowest rate possible. Again, depending on your situations, you may have several options.

Also, you receive a lot of "pre-approve" letters. This is because most lenders purchase leads that contain public records. These are sent in bulk to hundreds of homeowners at the same time. These companies never know your exact situation. I wouldn't pay much attentions to these...I heard nightmares about them.

If you have questions on home loans, you may contact me at anytime. I enjoy what I do and will be glad to assist you in any way possible.

Hope this helps.
 
shel90 said:
Nah..he can help me with the household chores!!! I am tired of picking up the dog poop, doing laundry, taking care of kids, dinner, food shopping, mowing the grass, fixing the house, and all that all by myself!!! LOL! Then I can have more energy for some fun in the room. Hahahaha!
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Yeah, I hear you! ! Lol! ! Same thing to me daily! Ughh....


:afro:

M-
 
ScubaladyTx said:
Yeah, I hear you! ! Lol! ! Same thing to me daily! Ughh....


:afro:

M-
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Lucky u can do it during the day since u are a stay at home mom..I cant cuz I work full time so I have to do it after work or on the weekends. It feels like I never get time to rest at all. It is like I have two full time jobs.
 
AnthonyChu said:
While there is no time limit for when you may refinance, it has to make sense to the homeowner.

Nowadays, interest rates are low if we can verify income. Depending on your situation, you may want to opt to go FHA, where you get the lowest rate possible. Again, depending on your situations, you may have several options.

Also, you receive a lot of "pre-approve" letters. This is because most lenders purchase leads that contain public records. These are sent in bulk to hundreds of homeowners at the same time. These companies never know your exact situation. I wouldn't pay much attentions to these...I heard nightmares about them.

If you have questions on home loans, you may contact me at anytime. I enjoy what I do and will be glad to assist you in any way possible.

Hope this helps.
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Is FHA for low income families? If so, I doubt we will qualify. How can I contact you? Thanks!
 
Kalista said:
Oh yeah, I am so so SICK of picking up a puppy poops and clean up the urine from the carpet. Take care of bills, chore, etc.... I miss so much being home to do garden work, walk and visit friends, Deaf social, etc.... I feel that my life work 75% and 25% social as balance....

I just want to give up both of two jobs to become homeless... It gets me so discourage to work 80 to 110 hours a week !! No life for me. :(
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I hope u can refinance soon so u can quit your 2nd job. It is not easy these days. My hubby and I have 2 incomes but it is not enough and it is ridiculous!
 
Liebling:-))) said:
Interesting thread.

I don't know how difference between America and Germany but I would like to share my experience then it would help you to see the sense... Maybe your Bank offer the same as mine?

We look for reasonable interest to finance my house mortgage. We found the low interest then fix 10 years agreement contract that interest should remain same up to 10 years agreement contract over then re-new agreement contract with new interest. We re-new the 10 years agreement contract with low interest... If high interest then 3 or 5 years agreement contract.

If you want to refinance then you need to look low interest first then fix agreement contract that interest should remain same.




Good Luck :thumb:
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Thanks..I am just concerned about having to pay closing costs. That is what we dont want to do since we paid NOTHING for closing costs when we bought our house. We got very very lucky.
 
shel90 said:
Lucky u can do it during the day since u are a stay at home mom..I cant cuz I work full time so I have to do it after work or on the weekends. It feels like I never get time to rest at all. It is like I have two full time jobs.
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Yeah, Thats why . Too much for me! My children are very important! Til They are getting older enough then Ill go back to work.


:afro:

M-
 
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