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Aug/07Mark CappelAugust 14, 2007My wife and i recently purchased a home with an 80/20 mortgage arm for the first two years. we needed to do this for a few reasons: 1) we didn't have seasoned money at that time dispite both of us having credit scores of 800 or better and having excellent well paying careers. 2) we didn't have enough money for both the closing costs and 10% down. We were told that we would need to refinance just ...
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Aug/07Mark CappelAugust 6, 2007
I currently have a Home Equity Loan which is a 15 yr. loan fixed at 6.09%. This loan was taken out to pay a relative for their share of the home. There is no mortgage. Can I refinance and apply for a first-time mortgage (combining my Home Equity) so I can add on to the home. My current Home Equity is $55,000. I would like to refinance for at least $100,000.
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Jul/07Mark CappelJuly 5, 2007
Can Home Equity Loans be a 30 yr term?
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Jul/07Mark CappelJuly 5, 2007Can I refinance an investment property with no provable income but have a middle credit score of 640? And also can one use their bank statement to prove deposits for possible proof of income?
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Jul/07Mark CappelJuly 2, 2007
My bankruptcy was just confirmed this month. I have an ARM where the rate will reset for the first time in February 2008. What are my chances of finding someone to refinance me? Right now my rate is 7.6%.
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Jun/07Mark CappelJune 28, 2007
I am interested in consolidating (refinancing) my mortgage and my home equity line of credit. What are the primary things I need to keep in mind and watch out for when I do it? Thank you.
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Jun/07Bills.com TeamJune 15, 2007I currently own a home and am interested in purchasing a second home and keeping the first one as an investment property. Is there a loan that I could get to refinance the mortgage on the 1st loan in order to lower the payments and possibly get money for down payment and closing costs on the second property?
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Apr/07Mark CappelApril 23, 2007
What is the most effective strategy to reduce Average Daily Balance on a 2nd mortgage loan of $25000?
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Apr/07Mark CappelApril 4, 2007
What exactly is a second mortgage?
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Apr/07Mark CappelApril 4, 2007
I financed my home with an 80/20 mortgage. 1st rate = 8.25, 2nd rate = 13. How can I get my 20% mortgage rate lower. It has only been a few months since I purchased the home but I want to start planning for refinancing. I had a bankruptcy finalized last March but my credit score is between 600-620. What are my options. There are early refinance penalties that may apply on my mortgages.