Refinance Mortgage Rates

mortgage rates in 2006

by on Jun.03, 2011, under Uncategorized


Mortgage
Rev Dan Catt
http://www.flickr.com/photos/revdancatt/
This is the Mortgage taken out on our house and three others in 1894, just a short 112 years ago. At about 200 UK pounds a house, that’s quite a bargin.In some ways I’m happy to say the value has gone up a bit since then.

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4 Comments for this entry

  • VATreasures

    You should contact your lender immediately if you are having trouble with making your payments. It seems like what will happen in 2011 does not matter if you lose your house to foreclosure before then.

    Probably the best plan is to get the lender to waive the pre-payment penalty so you can sell your house and pay as much of the loan as possible.

  • Roland'sMommy

    SHORT SALE. Your payment will probably go up another $500 a month MINIMUM. If you can’t afford it now, you certinaly won’t be able to afford it later.
    Take this as a lesson learned – don’t buy things at the top of your budget, especially when the only way to get it is through an ARM – you’ll wind up in exactly this same situation.
    Sometimes when things make us all starry eyed like low payments, there’s a hidden cost – and THIS is it!
    I feel bad for you, but it you did it to yourself.

  • healthspot_2000

    it depends on what the LIBOR rate is or whatever index your ARM is on. Do not wait until the last minute to refinance. Refinance before, don’t worry about the prepayment penalty. The prepayment penalty is 1% of 80% of the balance.

  • FABD

    Depend what is your rate? let see if your rate is a 6.5 after 5 yrs some loans going up to 13 % or more (read your contract has to be there maximo rate.) now if you have a late payments and do not have a home equity don`t even try Refi, Short sale is not the best sollution, but if you can`t afford, what else you can do? call you lender to waive the Pre-payment penalty and sale before foreclosure! if have more question e-mail me fabbian@myfirstcontinental.com

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mortgage rates in 2006

by on Apr.28, 2011, under Uncategorized

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1 Comment for this entry

  • tom

    Call your current mortgage company to see if they will do a mortgage modification that can lock you into a low fixed rate mortgage. If not refi with another company. I don’t know what your credit scores are but if the primary borrower is over 720 you need not wait. I don’t know the appraised value then and now or how much you put down on the home, so I cannot say if these options are viable.

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