River C asked:


I called Ing Direct to refinance my home. Their rate is excellent but they have a closing cost of $695, but they said if I have a certificate or deal code, then they can waive it off. Pl send me either the certificate or its code. I can provide u my mailing address if needed. thnx.

Sara

elissaszoo asked:


My ex husband bought a house recently with the assistance of my son in law. He is now on the mortgage and wants off so he can get his own house. My ex has been told after he makes so many payments on time, he will be able to refinance. Someone mentioned a “quick claim deed” for my son in law and then my ex refinancing to take son in law off mortgage. Will this work? Is there additional cost to the ex for the closing?

Cassandra

Mark B asked:


I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress. The main problem is that because of the current market, I owe more than what it is worth.

Is this possible without bringing any money to the table for closing?

James

sooners83 asked:


I live in Oklahoma (if that matters). Does anyone know what the average closing costs would be to refinance a 109K Mortgage? Can you finance the closing costs into the loan?

Kelsey

Adrian W asked:


What are the average costs to refinance in New York?
I want to refinance 360K and was quoted around $5,500 in closing costs.

Nora

0Andrius K0 asked:


MORTAGE RATES ARE DOWN SO I AM THINKING TO REFINANCE:

we have 2 mortgages -
1st - @ 6.375% remaining 201,000 for 355 mnths no mortgage insurance - total monthly pmnt 1272.70$ + 410.2$ to the escrow account.
2nd - @ 10.75% remaining 36,000 for 225 mnths - monthly pmnt 386.8$
we plan to stay in this house for 30 years
when we bought the house was appraised @ 250k
now - 300k
our income bracket is 31%
credit score 740.

my question is should we combine these 2 @ 6.625 for 30 yrs with closing costs being apprx 2500.?

HOW ABOUT CONSOLIDATE @ 6.25% FOR 30 YRS + CLOSING COSTS 2500?

also i was given an option to refi just the 2nd one @ 8.5% for 20 yrs with closing costs apprx 250

THERE WOULD BE NO MORTAGE INSURANCE PMNTS AND WE ACN AFFORD THE MORTGAGES EASILY - JUST LOOKING TO GET A BETTER DEAL.

PLEASE EXPLAIN YOUR ANSWERS WITH SOME MATH IF POSSIBLE

any advice would be greatly appreciated

Ana

dkhamilton@prodigy.net asked:


They advertised on the radio a few months ago.

Andrew

…………….. asked:


Background- When my husband and his ex divorced he got the house, after we had been dating for a while and decided to get married he wanted to sell the house. He put a for sale sign in the yard and his ex-wife asked about it. She wanted to move into it and refinance it in her own name (It was in my husband and his father’s name). He agreed to let her do that. Well, he was in a rush to get out (not sure why because I wasn’t even living in town at the time) and let her move in without getting anything in writing (dumb move!!). So, she initially had the intention (or so she said) of refinancing in her name. After he moved out and I moved back in town we were renting a house and she was living in his house but paying the mortgage. Then about 2 months after the moves took place we were dropping the kids off and my husband gave her the paperwork to get things going on the refi. Honestly she flipped, I was there…he handed her the paperwork and said something to the effect “Here’s the papers to get the mortgage out of mine & dad’s names.” and she responds screaming “And what, if I don’t get it done are you going to throw your kids out of their house?!” That was really out of the blue. Well, we kind of let it drop and after she had been in the house for about a year and we had been renting a year we were ready to buy our own house and needed her to refinance so we could get his name off the house so that we could get a mortgage together. Needless to say, she was denied because her credit is no good. So now another year has gone by (actually 26 months) and she hasn’t made any effort to refinance the house.

They got into an argument over the weekend because their initial agreement for this weekend was that my husband was getting the kids Thursday-Monday (he usually gets them Fri-Sun) because she needed a break Thursday and then she works Monday and the kids are out of school so he would keep them. Well, about 9:00 Sat. night she texts him that she has decided to pick them up at 1:00 on Sunday instead. He asked why and she gets all defensive saying that she doesn’t have to explain herself and she’ll be getting them early because she let him get them on Thursday. Well he told her no, he gets them til 6:00 and that we had plans and she can’t just decide that she’s changed her mind. Things aren’t about her convenience and she can get the kids at 6:00 which is what the papers say. Then she starts going on an on about irrelivant things and he says well, that’s fine because we’re about to go to court so I can get week day visitations and force you to refinance or move.

So then she gets scared and wants to work something out about the house. Calls up and says that she can’t believe he’s going to take her to court when he hasn’t even talked to her about it (which he has…3 times, the most recent time being in June and the others were stated above). She says that it’s going to cost $3,000 to refinance and she doesn’t have it (which she would if she didn’t run to FL and New Orleans every other weekend and waste her money buying things for the house that she doesn’t need). And she wants to see if we’ll split the cost with her. My husband told her no way, but at this point I’m ready to help her with the closing costs if it means his name is off that house.

I’m not willing to go 50/50- I feel we’ve already done a lot by letting her move in scott free, not charging her rent or anything, but simply letting her just pay the mortgage. Now, I also realize that it is helping my husband’s credit because she’s paying on time every single month, so I’ve talked to him about it and gotten him to agree to a 25/75 split…so basically we’d pay $750 and she’d pay $2250. Does that sound fair to you. And what kind of time frame do you think is appropriate? I was thinking give her until May or June?? Opinions?

Jennifer

lexy asked:


New Loan amount is $216,398..

Payoffs (old loan plus all debt) - $195,304
Cash in hand - $5747

That leaves $15346 in closing costs.

The biggest cost is the one I am concerned about…

$3629 payable to the real estate office used for closing
3246 - discount points
2132 - commitment fee
795 - Attorney fee ( I never saw an attorney)
275 - Attorney (C & E) whatever the heck that is
91 - credit report
225 - paid to the notary public - who is the only person
besides me at the closing.

872.00 paid to the bank as “interest”
874.00 paid to the bank as “escrow”
3198.00 paid to Dept of HUD since it is an FHA loan
10.00 warehouse fee

I am really concerned with the $3629 that they want to charge me to close at some real estate office. I’m also not happy with the $1100 in lawyer fees, when I am not using their lawyer.

Mason

curious asked:


My credit rating is 581, is this why??

Katelyn