Mortgage Refinance

Q&A
Asked by Tony
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
The answer to your question depends on many factors, Tony. How much equity do you have? What will you use the funds for? How likely are you to use the cash to pay d...
Calculator  

Use this mortgage refinance calculator to figure out if you should refinance, how much money refinancing at an adjustable rate would save you, and how much cash you could take out of your house...
Guide  

Q&A
Asked by Brian
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Brian - Yes there are always closing costs; the question is whether or not YOU pay them as the borrower. Closing costs can be paid outright by you, they can ...
Calculator  

Use this mortgage refinance calculator to figure out if you should refinance, how much money refinancing at a fixed rate would save you, and how much cash you could take out of your house to sp...
Q&A
Asked by David
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Depends on what you consider "medium to high" debt ratio. Since HELOCs are held by the originating bank or credit union, they have more leeway on debt ratios, compare...
Q&A
Asked by Marcia
Answered by Ray Jones, CA Mortgage Loan Officer in Fresno, CA
The biggest qualification issues I have found are the "owner" of the mortgage and the origination date: * * * The current mortgage must have been owned or guaranteed ...
Q&A
Asked by wesley
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Credit card providers typically do notify customers when credit limits are adjusted either up or down. Granted, it may not be a separate notice, but at a minimum, you...
Q&A
Asked by David
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi David: Thanks for your question. You actually touch upon a very common theme in finance and that theme is "discipline". Having served hundreds of clients over th...
Q&A
Asked by DONNA
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Donna: I'm not 100% clear on the supporting information for your question; was the home sold (and therefore no longer owned by you), or do you still own it bu...
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