Refinance Help Line

CLW asked:


We have well water and are refinancing our house with FHA. The appraiser said we may be required to hook up to public water. I need to know if it is required in a refinance. We do not currently have an FHA loan, we are refinancing with FHA. She didn’t know if it was required since it was a refinance and not a new purchase. Thanks.

TRACEY

Cajun asked:


I have 10 1/2 years left on a 15. Single, retired and no dependents.Pension(60,000) Does it make sense to refinance?

OFELIA

Racheal B asked:


To make a long story short, My grandmother bought our house in her name because my husband and I didn’t have enough credit. The plan was that after 2 years we would refinance the house into our names (we have been making the mortgage payments). So when the house was purchased, we made the mistake of getting an adjustable rate instead of fixed, and our monthly payment has gone up $300 already. We desperately need to refinance into a fixed rate before our monthly payment goes up again in February. If we aren’t approved, we will have to sell the house. I don’t want to mess my grandma’s credit up, so selling the house would be our only other alternative. Any advice on what I should do?

JACKLYN

JustSomeGuy asked:


I have a good rate with my first mortage at 4.25 fixed for 15 years. I also have a heloc that is adjustible and is at about 8.5 percent right. I would like to refinance the heloc without loosing the rates on the 1st. Is there such a thing?

SAMANTHA

S H asked:


I have a brand new Ford Focus just bought it fresh off the floor and have a cosigner, but we need to refinance it now and have horrible bad credit. Can anyone help with how to refinance a car with bad credit and no equity?

CLAYTON

infinite357 asked:


Heres the situation. My mother is a homeowner and has poor credit and is not employed. The house is valued at $400,000+, the remaining balance to pay off is $260,00. She has been turned down a couple of times. So is it still possible for her to refinance or any other options? Thanks.
Me and my sister still live at home and pay her monthly to cover the house payment and all bills. We just want to get a lower monthly payment and pay some debts.

COLLEEN

mary m asked:


We bought our house 11 years ago, owner finance. We have NEVER had a late payment, but unfortunately, the man does not report to the credit agency. Anyway, we owe $60K on the house and it is worth around $350K. We would like to refinance to get “ahead” but our credit is poor. Any suggestions?

GUILLERMO

Big Joe asked:


Someone told me that it’s possible to refinance a car. But North Carolina State destroys your title until it’s paid off. Can I refinance my car without my title?

DOMINIQUE

traveler#305 asked:


I have a loan that is paid on diligently every month. It is secured by a cd of the original loan amount. I would like to refinance this loan to the amount of the original security, take the cash, and keep my original monthly payment

ELIZA

Ray F asked:


I have a 1st mortgage of about $100,000 on a condo valued at approx. $380,000. I have a home equity line of credit ( $20,000) that is interest only with no pre pay penalties. Can I refinance for a 15 or 20 year fixed?

ENRIQUE