 Does anyone know what exactly they look for when doing a home inspection for a VA guaranteed loan? |
| Are they just checking major things like plumbing, electrical, etc., or is it also cosmetic things like carpeting and paint?... |
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 How to add another name on title deeds of the property, when i also have got mortgage on property? |
| i dont want there name to be added on mortgage, because they have not got geed credit history.... |
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 Can someone please give me advice on buying a home? |
| I want to buy a house but it seems like EVERY paycheck goes straight to bills and rent, and the money that we do start to save goes to stupid stuff that always seems to come up just when we THINK we&#... |
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 Got a mortgage refinance quote: Too good to be true? |
| A mortgage broker quoted me a refi of $235K with adjustable rate loan at 1.2%, and the monthly payment can increase by only $77 per year. Does this sound too good to be true?... |
|
 Can a landord accept a video tape for an inspection instead of coming to the house? |
| i feel that it is an invasion of privacy to inspect your place of living, has anyone ever done it with a tape?... |
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 Any advice selling my house without a realtor? |
We really don't want to get a realtor involved. What steps do we need to take to sell a house and/or where can I get this info?
Any advice would help. Thanks!... |
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 How will his bankruptcy affect my great credit when we get married, especially for home-buying? |
| My fiance declared bankruptcy with his ex-wife about 4 years ago. I have great credit. What will happen when we get married? Also, we would like to eventually buy a house. Should I try to do it alone ... |
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 What would rent be where you live for this apartment? |
one small bed
one bath
one living room with fireplace working
one gross basement
one large and nice kitchen
all new dishwash, stove, fridge, wash, dryer
big backyard
... |
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 Question about all these homeowners going into foreclosure? |
| Aren't the financial institutions hurt when the people default on their loans? They now have a home and no money coming in. Why are these companies not working with these people and trying to ... |
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| I just dont like the place. Its not what I expected it to be. I am moving to a new place in the city.... |
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| I know a house will be foreclosing next month, and I was told that if I make an offer that is less than what is still owed by the current owners, that I'd be "spinning my wheels." Is ... |
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 Theoretically if I grew my own house, would I have to pay council tax? |
It isn't a building as such... It's technically a living organism so I'd be living in a tree/collection of trees.
Example;
http://blog.makezine.com... |
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 I have a mortgage on my name but house is not on my name anymore, person responsible for paying the mortgage i |
| person responsible for paying the mortgage is not paying on time, he dosnt want to put the mortgage on his name nor he wants to sell the house. ,what are my options, should I tell mortgage bank that ... |
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 Buy property near cemetary? |
| i found a great deal on 7.2 acres with 3 out buildings and a 3 bed 2 bath home for 158k. i looked at it at night and it was great but i went home and looked it up on google earth and its butted up ... |
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 Are you supposed to have to pay to submit a mortgage application? |
| I found a mortgage company online that says they can help people with low credit scores and low down payments to buy a house, they sent me an application but the thing is it says i have to pay $69 to ... |
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 When you bought your home, did you feel pressured to buy the most expensive you could afford? |
| When I was looking, I felt pressured by the mortgage broker, real estate agent, etc. to buy a way more expensive house, even though I didn't feel I could make the payments. Luckily I recognized ... |
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 High end laminate or hardwood flooring? |
| We've been looking at new floors for a few years now and are now in a position to do it. I want laminate (I think) but am always confused by the laminate v. hardwood discussion. I found some ... |
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Loan Officer | IF you have a home, Why would you not refinance to a lower rate? |
I am a loan officer for National City Mortgage. One of the largest banks in the US. Our rates are awesome, with no junk fees, or extra costs. SO my question is this, as I speak with home owners, what could be the possible reason for someone to turn down a refinance, if they can get a lower rate and save any where from $50-$200 a month? I am a bit confused and baffeled, so I figured why not ask some of you to see what your reasons could be to say no? |
 |
 
TheMom
|
Even here you do not sound reputable. It sounds like you may be cold calling, and decent companies do not have to cold call.
I would not risk my credit and identity to even talk to you to only save 200 a month.
I only work with people who meet with me face to face. The fact that you do not sound trustworthy would make me say "no". Next I would report you for calling me, I report 2-3 a week. |
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bud68
 |
Quit trying to advertise here. |
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Sherry B
|
If your loans are so great, why are you trying to solicit business here? |
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lingua06437
|
Their are several reasons.
Your industry has been tainted with scandals. You personaly may have had nothing to do with this, but you do have to bear the consequences of this.
The person could be shopping around.
The person could be very scared of change.
The loan may not last that much longer. Maybe they don't want to add the new closing costs to the loan, despite the lower payments.
They could be waiting for a further drop. |
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David V
|
Maybe there are prepayment penalties in their current mortgage or in your mortgages.
Maybe your loan terms aren't that great.
Maybe your fees are too high.
Maybe they are waiting to see if interests rates are going down
Maybe they owe too much and can't refinance the whole note. |
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acermill
|
It's very simple. Your concept of 'saving' is faulted. A lowered monthly payment is NOT saving, unless the net total cash outlay is less than what the borrower is now facing.
A quick example. If I refinance my $300K house at a lower monthly payment, what am I 'saving' if the payments extend for another ten years ?
Get out your calculator. |
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SuperCactus
 |
To figure out whether it's in your best interest to refinance, you need to calculate your break-even point.
The break-even point is the time it takes to make up in monthly savings what you paid in fees. You calculate it by dividing the mortgage fees by the monthly savings. For example, let's say you would save $100 a month by refinancing, and the closing costs would be $3,000. Your break-even point is 30 months from now: the $3,000 in fees divided by the $100 a month in savings.
In this case, if you expect to continue living in the house for more than two-and-a-half years, you'll save money in the long run by refinancing. If you plan to sell the house before then, it's probably best to stick with the mortgage you have.
How do you figure your monthly savings? You'll have to get an estimate of the rate you'll qualify for. A mortgage broker or loan officer can tell you that. Ask the loan officer, or consult a mortgage calculator, to determine what your principal and interest would be with the new loan. Look at your payment coupon to find out what your current monthly principal and interest are. Now you can figure out how much you would save every month.
You don't have to start over with a 30-year payment plan, by the way. Let's say you got a 30-year fixed three years ago, and you want to refinance now, but still pay off the loan 27 years from now. That's known as amortizing the loan over 27 years. |
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binda
|
$200 is a significant amount i would go for it unless i have less than 15 years to pay off my old loan because i don't want to lengthen my payment period.I would be very skeptical of the bank too most of the times banks[lenders] have hidden charges and it is not easy to spot those unless you are a CPA |
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Ross
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If it is truley better and people don't do it is because who ever is making the offer to them doesn't seem credible. |
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Sahara
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This offer sounds too good to be true. I don't know anything about your company. You say it's one of the largest banks in the US but that doesn't seem to be true. If it were then I think more people would be familiar with it. Of course maybe it's where I am located. New England.
Most people want to save money but it usually costs money to save money. (fees to refinance, title search, recording deed of trust, etc.) |
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