does anyone need to refinance in the greater bay area?
362904
No, but I do have clients & family in your area who do own, what are your rates & I'll pass them on if they need it.
466623
1) Do not contact 'motgage guru' since on a purchase there is NO RIGHT of RECESSION; period. You only have a 3 day recession on a refinance of your primary residence. Adding a HELOC to a primary residence is a refinance transaction.\n\n2) It sounds like your getting the shaft... Either cancel if possible or start yelling! Once you sign those docs they are set in stone.\n\n3) On a HELOC the rate is based on the prime rate. When you received your GFE the prime rate may have been lower and then it increased since you got the GFE; currently prime is 7.75%.\n\nWhat it kinda sounds like to me is that your HELOC has an introductory teaser rate for a couple of months at 6.625 or there abouts but with the fully indexed rate at 12.3%. What the 18% is telling you is the maximum interest rate cap on the loan. If you take your 12.3% and subtract out the prime rate you have a margin of 4.55%. What this means is that when ever prime goes up or down, add 4.55 to the current rate and there you are.\n\nIf you want to speak to me in some detail about your deal I maybe able to assit you with a much better product.\n\nKevin\nkruorock@firstratelending.com 866-562-6838 x 106
51180
why cant you refinance? I am a manager for Creative Mortgage and i am always looking for people to refer home loans to me. For every person you refer you get $750.00. No selling, No calling just introduce me to your circle of influence (friends who need home loans) I can refi anyone in all 50 states.\ni make over $200,000.00 dollars a year just by refering people. No education needed. simple 10min conference call for training. Robert 720-982-3612\nYou can recieve a paycheck in as little as 5days($750.00)
771501
If you own the house you can refinance it.  Just be aware that if your loan amount(s) exceeds the selling price, you will have to bring money to the closing.
579198
i would have to say no, rates are going to rise for some time, i would fix a good rate then when rates come down refinace at the lower rate and lock it in. only good time for an arm is when rates are really high so you catch the downward trend.
105542
YES YES YES.  I am a retired California Realtor who was able to retire early thanks to a housing market similar to NY's.  You won't be able to retire off flipping one place, but you'll come out way ahead.  I don't know the specific prices in your market but you might check with my "source".
206298
Depends entirely on your lender, in terms of fees, prepays of interest, which loan term you choose, whether you go through a broker or direct lender, etc.  Ask around, get some offers, and compare.  Also, they should tell you how long it will take you to recoup the cost of the refinancing--and you can consider whether or not you'd still be living in the house at that point, or will have sold it.
931123
You need to make at least, bare minimum of $50k if you are to live in the bay area. But if you are living more inland and northern, you can do okay on $35k. Anything more southern add 10k for bare minimum living.
925821
First, get out of that ARM!!!!\nYou can get fixed 30 yrs at or below 6.75% right now.  Yes, that's higher than what you're paying right now, but lower than what you'll re-fi at in two years when you really will be hurting.\n\nIf you're in San Antonio, then you've noticed that we had a wave of investors come in.  This did two things.  1 - Drove prices of newer homes up pretty quickly.  2 - Drove prices of rentals down quickly.\n\nYour mortgage is $1,400 and it could rent for $1,000.  You're probably correct.  This price range is for buying and living in, not for owning as an investment.\n\n"Money makers" more often than not, come in neighborhoods that you'd rather not put your family into.
874448
The answer is:\n\nThere is ALWAYS some sub-par Mortgage Company that will approve her for a Refinance -- and she is going to have to spend a lot of time looking around for this type of financing.  It is going to take weeks of time -- yours and hers.  \n\nIn reality -- this interest rate is going to be high -- and the payment will probably increase, and I doubt she has thought of the issue of having a proportion of the Taxes and Insurance (as well as most likely being required to purchase Mortgage Life Insurance) added on top of the basic principle plus interest payment.  \n\nIs there a reason why SHE is wanting to buy you out with a shaky credit history?  Why are you not buying her out -- or both of you just placing the home on the market in the meantime?  \n\nI suspect she is doing this because she would have difficulty either purchasing another residence, or can not juggle her budget to accomodate rental units either.
742345
If you're planning to sell it in the next few months, no, since the costs to refinance would probably more than eat up any savings.  If you're planning to sell in a year, maybe.  Longer out than that, probably yes.
24208
I agree with Angel. \n\nIt depends if you like living in CA...\n\nBuying is always better if you can afford to. You will build equity in your home and also enjoy nice tax breaks. It's basically "forced" savings :)\nRenting is basically paying someone else's mortgage. \n\nIt's always better to buy the smallest home in the best neighborhood...as opposed to the best house in the worst neighborhood.
768999
DATED: 11-7-06\n\nI HOPE I CAN HELP.  THE TRUTH IS THAT THE MARKET IS IN A CORRECTION PHASE RIGHT NOW.  THAT IS TO SAY THAT THE MARKET IS MAKING ADJUSTMENTS AND IT WILL BE DIFFICULT TO DETERMINE REALLY AT ANYTIME WHAT WILL HAPPEN.  BUT, THE MARKET HAS  TRANSITIIONED TOWARD COOLING DOWN.  \n\nEACH REGION IS AFFECTED DIFFERENTLY BASED ON CERTAIN VARIABLES.  EXAMPLE HERE IN LAKE TAHOE WE HAVE A LARGE SEGMENT OF PURCHASES BY SECOND HOME PURCHASERS.  THESE ARE VACATION AND INVESTMENT PURCHASES, AND IS PROBABLY DIFFERENT THAN THE AREA YOU LIVE IN.  \n\nTHE BEST THING TO DO IS RESEARCH THE OTHER AREAS  OF CALIFORNIA YOU ARE INTERESTED IN AND CONTACT A LOCAL REPUTABLE REALTOR WHO CAN HELP YOU.  ALSO, CONTACT A LOCAL REALTOR IF YOU ARE INCLINED TO SELL YOUR HOUSE,  AND THEY CAN GIVE YOU A COMPARARTIVE MARKET ANALYSIS FOR FREE TO TELL YOU ABOUT HOW MUCH YOUR HOUSE COULD SELL FOR.\n\nANOTHER OPTION YOU MAY OR MAY NOT HAVE IS TO REFINANCE.  THERE ARE A LOT OF DIFFERENT PROGRAMS TO FIT INDIVIDUAL NEEDS.  IF YOU CONTACT SOME MORTGAGE LENDERS, THEY MAY BE ABLE TO PUT TOGETHER A GOOD PROGRAM FOR YOU.  SHOP AROUND.  THERE ARE A LOT OF LENDERS THESE DAYS AND IT IS VERY COMPETITIVE, WHICH IS BETTER FOR YOU THE CONSUMER.\n\nIT IS VERY DIFFICULT FOR ANYONE TO DETERMINE THE SHORT-TERM EFFECTS OF REAL ESTATE INVESTING, BUT HISTORICALLY SPEAKING, IT HAS BEEN VERY APPRECIATIVE IN THE LONG TERM.\n\nBE BLESSED AND BE HAPPY!
484113
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
415650
Not necessarily.  The amortization, or repayment, schedule on a mortgage loan can be of differing lengths (e.g., 30 years, 15 years, 10 years, etc.).  It is possible that by refinancing, you would chose a term of the loan equal to the remaining term of your existing loan, and thereby not start over.  One of the reasons to refinance is to take advantage of interest rates that may be lower than your current interest rate.  So it is possible to refinance, get a lower interest rate, but the term of the loan (the time over which you will repay the loan) will not change from your original loan - and it is possible that because you are paying less interest because of the lower rate, that saved money could actually be used to prepay principal, and thus allow you to pay the loan earlier than you otherwise would have.
473602
My husband and I run a mortgage branch in Temecula, CA.  The answer to your question is that you would need to get pre-qualified again to buy the new home.  If you are earning enough money you could, in order to prequalify, retain your existing home whilst buying the new one.  If not, you would need to make the purchase of the new home dependant upon selling the existing one.  In terms of hurting your credit, well a new mortgage account usually knocks it slightly, but generally over a few months having 2 mortgages is good for your credit rather than detrimental. And having an existing mortgage account which you have been paying every month is a good thing for the new lender, not a bad thing. It is always good to have open credit which you are using and paying as agreed.\nIf you need help in either CA, WA, OR, FL or AZ please call us and we will help.  951 302 6586 or toll free 866 606 8707.
80068
I doubt that anyone will go that far.  Try Regional Mortgages. \nhttp://www.regionalmortgages.com