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Can I Save Money by Refinancing?

My husband and I bought our first home about three years for $300,000. Because we had a low down payment and only fair credit we took out a 30-year FHA mortgage at 4.45%. I recently got a significant raise and both of our credit scores have improved. My husband thinks that mortgage costs are too high, but I think that it might be a good idea to refinance.

Do you think that we shou...
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Which is better, a Fixed Rate Mortgage or an Adjustable Rate Mortgage?

I noticed that mortgage rates are going up. I am interested in a 30-year mortgage. Should I take a fixed rate loan or an adjustable rate mortgage?

I need help with my Wells Fargo and Charter One Mortgages? Modification, short sale or...?

I own a home in Seattle that is worth $300K but we owe $400K. Wells Fargo, the first lien holder, agreed to modify the loan. Charter One (second lien holder) charged-off the 2nd right before the modification was approved. Charter One has not signed off on the Wells Fargo modification yet. Can/will Charter One hold up the Wells Fargo modification? Is short sale an option once a 2nd mortgage l...
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Will there be new reverse mortgage rules in 2013?

I read that the FHA is running a deficit and may need a bailout. Also, the HECM (reverse mortgage) program is a huge drain. Will this affect their reverse mortgage program? Will there be new reverse mortgage rules?

Can I give money to my daughter to help her buy a home? What is a wraparound mortgage?

Can I give my daughter $100,000 from the sale of my home, so she can make a down payment on a home. Also, what is a wrap around mortgage and is it safe to do?

I want a HELOC, to take cash out of my home's equity. Should I pay for an appraisal, after my bank did an automated appraisal that showed a lower value than my house is worth?

I purchased my home 4 months ago and the in home appraisal valued my home at $220k. My tax appraisal came in at $209k. Prices in my neighborhood have risen slightly since I had the appraisal. I applied for a HELOC but the bank's robo-appraisal only came back at $190k. Is it worth it to pay $350 for another in home appraisal, hoping the value of the home will be higher? The bank won't...
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Can you help me find a second mortgage lender?

I need a list of lenders who will finance a second mortgage.

Should I refinance now, or do a loan modification and then refinance?

How much will a modified refinanace (4-5 mths with reduced payment) hurt our credit score? Then refinance to lower rate and pay full payment.We both are in the upper 700s to 800 credit score.

How can I stop a foreclosure in Nevada?

I am one of many Nevada home owners with property values underwater. Our primary residence is valued at $247,000, which translates to $173,000 less than what we owe. In addition, we have two rental properties and a considering buying a third property. My question relates to the consequences if vacate our primary residency and become delinquent on the loans. What can be expected if we do this...
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Can I find a lender for a FHA streamline refinance if I have a low credit score?

My wife and I are trying to do a FHA Streamline Ref. We have a FHA loan through VHDA (Virginia). We have lived in this house for 5 yrs and never once been late. We want to take advantage. of the low interest rates. So we contacted our mortgage broker to start the FHA SL Ref. He said we were not able to do so because my wife's credit has fell below the 620 score requirement. We don't ...
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