Question by Tomtom02: Refinancing our Mortgage – Help?
My wife and I are wanting to refinance our current mortgage. We tried about 3 months ago and was told that the house didn’t appraise high enough. Not sure how they got that b/c they didn’t even come in to the house. We got a letter from the state about our taxes and they had our home and property listed as being valued at 198, salve help 000. Our mortgage is $ 123, side effects online 000 and our home equity is 40,000. They appraised the house at 160,000 (the bank that we tried to refi through). We were told that they can only give us 80% of the homes value. Since that time we have put on a new roof, new HAVAC unit and new windows in the back of the home. Can someone explain how we could get approved to refinance for the amount needed to combine our mortgage and home equity. We’ve been in the house for 7 years now. Our credit scores are average hers is 637 and mine is 645. Wondering if this would hinder any decisions? Are there any things that we can do to improve our chance of getting the money we need and lowering our payments?
Best answer:
Answer by Go with the flow
Fix your credit also.
Your scores are low.
Know that you will not get those interest rates advertised.
Get a book on Credit Repair from a library or a bookstore.
Know that carrying credit card balances seriously reduces credit scores.
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Question by : How long did it take you to pay off your debt completely?
My husband and I are on a mission to pay down the debt and live completely on cash. We are down to a 30, store 000 student loan. I’m dying to knock this loan out by december 2011. The pain that debt has caused us has been very real, viagra 40mg and I am absolutely ready to see it gone from my life! Any other debt recovery stories out there?
Best answer:
Answer by Summer Lover
I only have $ 1,000 debt.
I should be able to pay it next week.
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Question by ~Willow~: What is the best web-site for Real Estate?
We are looking to move, hospital more property and a bigger home. I have been to many websites but I was just wondering if you all could tell me the best web-site you have come across. Thank you so much for your help!! =)
I live in Maryland and we are looking for MD property or Southern PA property… anything will help!!
Best answer:
Answer by Patricia C
www.realtor.com
Add your own answer in the comments!
Each person has to determine what the term best mean. I would not consider a web site that listed Md an Pa properties as a best site because I look mostly for investment properties.
Then you have sites for “For Sale By Owner” (FSBO) you might be interested in. There is also a HUD list of homes for sale,as well as a Real Estate On Hand (REO).
The best thing to do is google houses for sale in Maryland and Pennsylvania. You should come up with a few list of which you may decide which is best for you.
Your best bet is to locate a local real estate agent for their listing. They have a variety of listings bank repo, hud properties, VA repos and others.
Before looking at a property you should be pre-approved.
There are many things you should do, but the first thing you should do is contact a mortgage broker that does FHA mortgage loans and get pre-approved. This is the first step. Once you have your pre-approval then contact a real estate agent to look at house based on what you are qualified to buy.
This pre-approval will tell you the amount of house you are qualified to purchase as well as the interest rate, monthly mortgage payments and other necessary things you need to know about your mortgage.
I hope this has been of some use to you, good luck.
“FIGHT ON”