I am looking to refinance my mortgage.
134094
I would check the 5 largest banks in your area.  The word broker just means 3rd party.  A 3rd party gets compensation straight out of your pocket for doing any service for you.  If you have reasonable credit a bank cuts out the middle person and your costs will be at the min.  \n\nCheck www.bankrate.com for rates\n\nSome tips:\n\nGo for a fixed rate because adjustable rates are rising fast they will steadily rise.  \n\nPay no points and/or no origination fees.  \n\nNo pre-payment penalties\n\nStick with a Bank or credit union.\n\nIf you see a mortgage broker they tend to always say oh the rate JUST went up.  I wouldn't try it.
614605
yeah, but it would be silly for small stuff like that. Try getting a "sears" or "lowe's" card first- you should be able to get a high enough credit line from them to buy those things, because refinancing your home, getting a second mortgage, is going to cost you MUCH MORE over the years when you are paying it back.
469375
There are a number of factors that will affect the answer.  These factors include the outstanding balance on your existing loan, the loan-to-value ratio (i.e. how much you have borrowed vs. how much your home is worth) and the rate of interest you are paying as compared to the rate you qualify for today.\n\nThe short answer is that borrowing more money means making larger payments.\n\nI suggest you contact a mortgage banker, as they will have a widest range of products for you to choose from.  A mortgage broker depends exclusively on outside underwriting and is generally stuck with larger fees, and a bank is stuck with its own products only.\n\nThe company I work for, Mission Hills Mortgage, has access to over 4000 products, including our internal banking assets, so we are one source that represents the best of both worlds.  I would be happy to speak with you and take a closer look at the situation.\n\n800-880-1853, ask for Todd
670998
There are salaried mortgage broker jobs - a friend of mine has one.\n\nHowever, I'm told the mortgage industry is drying up - everyone has already refinanced and now rates are on the rise... it might be time to peruse other options.\n\nGood luck from a stockbroker.
582036
I would say that is a resounding 'YES'.  Even if you sale your home soon you can still make a profit considered your home is worth $550K, current outstanding loans total $199K and closing cost of the new loan is $7K which leaves about $344K in equity.\n\nPersonally if I were you, I would refinance a new loan for at least $221K to get at least $15K of equity to deposit in the bank.
313760
Talk to a mortgage broker. I can help you find one if you want, just email me. What state are you in. I am licensed in quite a few.
496290
you may have to go to a sub prime lender and pay a slightly higher interest rate.\n\ni would visit a mortgage broker, sit and go through it with them, they will recognise the best deal for you.
204366
Absolutely not! Don't do it. Your big problem isn't financial, it's behavioral. Most of the answers you've gotten are from financial types that have logics about least amount of interest, etc, but they're missing the issue that refinancing won't fix your habits, and you'll probably fall under the false perception that your cards are now free for more charging once their balances are transfered. \nBeen there, done that, so believe me, it will happen.\n\nFinish reading Ramsey, he's your answer.\n\nOnce of the respondants did suggest the debt snowball which is one step on the right track. \n\nWe're doing them now and they're working for us. So far we've paid $11,000+ in debt over the last 5 months, and put aside an emergency fund (and we're far from making big bucks)\n\nHere are the steps:\nPre-steps\n-get current on your debts - at least be paying minimums up to current month\n-cut up all your credit cards (yes, all of them.)\n-sit down with your family and explain that you don't want to live like this any more and that you want a better future for them. You guys are sinking and it will take a family effort to surface and eventually swim out of this mess. Once you've got their buy-in ...\n-stop paying extra on any of debts, including extra mortgage payments (we were doing this one) \n-do a simple budget to spend less and save more - we found we were spending Hundreds a month on going out to eat and see movies. Stop all that. Cook in. DVR movies on cable or get them from your library for free.\n-stop contributing to retirement temporarily or any other savings or investment accounts. Yes, even if your companies match - it's just temporary, you'll get back to investing later.\n-adjust your Withholdings through your employer to get more now and less tax return later. It's your money, may as well have it now.\n-have a rummage sale, sell any extra cars, and get out of leases if at all possible - they're a scam.\nNow - the real steps:\n1. Put $1,000 into a savings or MM account as an emergency fund (EF). \n2. Sort all your debts from smallest to largest. Pay minimum on all except the smallest. Attack that one with all the money you've scraped up (except for the EF) and your necessities (food, shelter, trasportation). Once you've paid the smallest, use what your were paying on the first plus the seconds minimum to attack that one. This is known as the debt snowball as it keeps increasing as you go. Keep it going until their all paid. Living frugally is key, during this period.\n3. Now beef up your $1000 EF to 3-6 months of expenses (not income) \n4. Resinstate future and retirement investing to at least 15% (match your companies IRA contribution, and put the rest of the 15% into Roth IRAs.)\n5. Invest in college funds for the kids if you have them \n6. Pay off the home early\n7. Build more investment and retirement wealth and start giving what you can.\n\nHope this helped! Again, don't fall into the trap of using debt vehicles to get out of debt. Pay what you owe. Live on less than you make and you'll get out of this.\n\npbaez\n\nIf you need more ongoing support, join our yahoo group Dave Ramsey http://finance.groups.yahoo.com/group/Dave_Ramsey_Debt_Beaters/
658703
Contact the bank where the mortgage is.
575675
It's impossible to answer this question without knowing what the interest rates are on your mortgage, your existing loan, and the current rate for new loans! We'd also need to know how much the typical closing costs and fees are for mortagaes/loans in your area...\n\nI suggest that you visit your local bank and get some advice...they may not have the cheapest interest rates, but they can at least tell you what you need to consider when comparing your various options.
525305
Depends on the state you are in. Check with your bank first. They might be willing to do it. Most lenders won't want to mess with that. A land/home package would be better and get you a better interest rate.
463143
try moneysupermarket .com or uswitch.com or moneysavingexpert.com any of these will allow you to compare mortgages or loans
91827
It depends on how much your house has appreciated since you took out the mortgage, you can have a few options to choose from.  The most simple and least expensive way is to submit a formal appraisal that shows your house's current value to be at least more than 20% (please call your lender to double check if it's 20% or 22% ?) above your current mortgage balance (for example, your mortgage balance is $160,000, then your house should be appraised above $200,000's) to your lender and request the removal of PMI.  But before you pay $300 to $350 for an appraisal, you need to ask the appraiser to do "comps" to see if the value is there.\n\nUnless your house has increased substantially in value and there is a need for cash out, or to get a much lower interest rate,  I wouldn't recommend refinance just for the sake of getting rid of the PMI.  The reason is that you might end up paying for more than 30 years on your mortgage (for example, you are in your 2nd year, so now if you refinance, you'll have a brand new 30 year mortgage all over again.  This would make you pay 32 years (30 + 2 years of old mortgage).  This is not to mention you might make your balance owed increased due to closing cost, etc..
336492
Interest rate has been going up regardless whether you are using libor or other interest benchmarks.  At this point even if you refinance you won't get that good a rate, plus the penalty you will have to pay.  Most lenders will allow you to extend your mortgage amortization period and keep your monthly payment the same.  Talk to your lender and see if it is an option.  My other advise is to make extra payment whenever you can.  Good luck.
650042
All I can say is shop around-get quotes from as many different lenders as you can because there are so many bad deals out there right now that some lenders will promise the sun moon and stars for your business. Don't use a fly-by-night place you never heard of-seek out ones that have reputations. Ask around and get recs from friends who have refi-ed even if it was on a house.
220334
If your looking to refinance your home, I'm sure I can help you with that...I'm a mortgage consultant for Aapex Mortgage and we work with over 250 lenders, so I feel that we can find a solution to your issue. I'd like to discuss this further to see what you can qualify for? My e-mail is Alisosa83@yahoo.com
401248
It may not be a good idea to refinance just yet, most banks are now charging their usuall fee's to refinance and this cost could add up to more than you will save in a 15, 20 or 30 year note. Also, if the interest rate hasn't gone down over 1 % (from original rate) its not worth it. Additionally, refinancing is almost the same as getting the loan all over again, like the first time, it is considered a new loan, same paper work etc.....closing cost can be a drain and that is why you may want to wait a year before refinancing and hoping its 1% or more lower than your original interest rate.