Many Big mortgage lenders who service loans and originate loans such as Citibank, Wells Fargo Bank of America etc. will many times offer sales promotions to their loan servicing channel. If you ever receive a phone call from your current mortgage lender offering your mortgage rate quote or refinance or telling you there is a…
Read More“Why can’t I get the mortgage rate for my refinance I saw in the news?” This question is asked on a daily basis. When you as a homeowner have a mortgage and are paying a certain percentage of the money you originally borrowed, you’re always going to be paying a little closer attention to those…
Read MoreIf your loan is ineligible for the HARP 2 refinance program, you do have options. If you live in Sonoma County, or Santa Rosa or a the surrounding areas, you can refinance your loan for up to 97% of the current appraised value. You be looking most likely using a government loan which has a…
Read MoreHow to select the right mortgage company for competitive rates. Choosing the right mortgage company to handle your loan is much easier said than done. Mortgage companies have so many designations, “mortgage broker”, “mortgage lender”, “mortgage bank” and then there’s individual banks and local credit unions. Begin by understanding the differences between the various mortgage…
Read MoreThe answer is no, you do not need to have a second adjustable-rate mortgage. You are entitled to having a fixed rate second mortgage just as you are an adjustable rate note. While this is true, there are not many second lenders out there that offer fixed rate seconds paying principal and interest over time.…
Read MoreMonthly mortgage insurance can usually be removed at 20% equity if you have a conventional loan. The mortgage lender must remove the mortgage insurance at 22% equity.if you feel you have 20% equity in your property and your currently paying monthly mortgage insurance, contact your mortgage lender and request they remove the monthly mortgage insurance.…
Read MoreTo secure mortgage loan today, you can have no thirty-day mortgage leads in the last 12 months. Your mom will have to wait a period of one year to be able to secure mortgage loan financing.
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