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Jul/10Daniel Cohen
July 21, 2010Our house is currently worth a little less than when we purchased it eight years ago. In the last eight years, my husband has been laid off two times. He is currently earning much less than when we purchased the house. I was a stay-at-home mom when we purchased our home, but since the first layoff, I have worked a couple of part-time jobs. I have a son and need to work around school and summ...
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Jul/10Mark Cappel
July 15, 2010I will be 56 this month. My monthly income does not meet my debt. I rent an out of state property, with a second mortgage, which is becoming too much to bare. I cannot refinance since my debt to income ratio is too high. Should I withdraw funds from 403bs to pay off some of the debt, thus lowering my DTI ratio, making me a candidate for refinancing? I need all the advice you can provide.
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Jul/10Mark Cappel
July 13, 2010Looking to refi 30 year mortgage which have paid on for 7 years (5.25%) down to a new 15 year at 4% fixed. Is that a good plan?
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Jun/10Mark Cappel
June 15, 2010I am working with a Realtor to help me refinance my home with cash out. I started on April 6 and she said everything have been approved except we are waiting for someone to come out to do an appraisal. How long should it take to refinance my house?
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Jun/10Mark Cappel
June 7, 2010
Two years ago, I took out a home equity loan in the amount of $175,000 to be used for a friend's business loan. She walked away from the loan after 14 repayments and left me with the entire debt. I spent $30,000 of my personal income to repay the debt but after two years, I can no longer afford it. I am current on my first mortgage. I filed for a loan modification but was denied. The adj...
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Jun/10Mark Cappel
June 2, 2010
Should I refinance my mortgage or should I get a home equity loan? I am looking for some cash out to do some home improvement, and maybe a small addition? How do rates compare and is a refinance loan or a home equity loan a better deal?
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May/10Mark Cappel
May 21, 2010
We need to consolidate our debt and thought we should refinance our current 15-yr Home Equity Loan fixed @ 6.75% - @ $1,553 per mth - we are 3+ yrs into it for a total of $149,139 balance. The credit card debt amounts to about $82,000. We applied to Wells Fargo Bank but they denied it due to three outstanding 401k loans of about $44,000 (debt to income issue) and transferred it to their fina...
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May/10Mark Cappel
May 6, 2010Just recently bought a house 8 months ago. We a first time buyer. We didn't realize how much repairs are needed. We need a new roof. This is $17,000. We just don't have that kind of cash. How can I refinance my house to pay for this?
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Apr/10Mark Cappel
April 28, 2010I reside in Ontario Canada and the value of my mortgage is $80,000. I have a 5-year, closed mortgage due November 1, 2010. My current interest rate is 4.8%. I am wondering since the interest rates have been steadily increasing and are currently at approximately 6%, is my best option to pay the penalty to get out of my mortgage early and lock in at the current interest rate or wait it out until Nov...
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Apr/10Mark Cappel
April 22, 2010
I have a 30-year loan, still owe 19 years. Mortgage loan in both mine and my husband name. He's listed as primary borrower. He passed away Feb 19, 2010. We tried before he passed to get lower rate, but was always in hope until we have to pay to have appraisal done. We were turned down after we had put out $350 dollars that we really didn't have. We are at a 10.25% it seems all I ever...
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