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Will WAMU Really Refinance Your Home With No Closing Cost Or Is That A Lie?

Question by Sam | Posted in Renting & Real Estate

I'm a allowance officer and lately I've heard that Washington Mutual will do your home accommodation with no closing cost and the will use your old appraisal. Is this true or are there closing cost when it's all said and done?

Answer: they will use the old appraisal if it's a rate/term refi or if DU waives it.....streamline Refi

anyone can do NO CLOSING COSTS...if the wealthy rate is 6.125% with closing costs....they will charge 6.75% no closing costs. they moot the

 
 

Closing Cost When Refinancing On My Home?

Question by MO | Posted in Renting & Real Estate

my bank says that the closing cost gets rolled into the lade when refinancing and takes on no interest. so my question is this; is it possible to payoff the closing cost at any things? and if i do, will the monthly payment get lower?

Answer: Once the closing cost are rolled into the credit, you can not selectively pick that amount out and decide to pay the closing cost off. The way this work is if the closing cost are $4,500 and the amount you are borrowing is $84,000, rolling your closing

 
 

I Would Like To Refinance My Home With No Fees Or Closing Costs.?

Question by James | Posted in Renting & Real Estate

I currently am unfortunate with my mortgage company and would like to refinance. I was wondering if there was a way for me to refinance and not have to pay closing costs or any ancillary fees? I want to keep a fixed rate, I currently have a regardless

Answer: Hey James –

6.5% is a bit far up for the current market. Currently, 30 year inflexible rates are right around 6.125% for 0 points. Since I don’t know much about your minutia situation, it’s really difficult for me to gauge if a refinance

 
 

My 5/1 Arm Will Reset In 18 Months, Should I Refinance Home Mortgage Now, Or Wait For Few More Months?

Question by deedee | Posted in Renting & Real Estate

Reported rate of ARM interest is 5.125%. Would it better to go for 6.75% mortgage refinance at no closing costs, if I am planning to tangible in the same house for next 7 to 10 years?

Answer: DeeDee, what does your mortgage imply? Is there a pre-payment or other penalty? Has your homes value decreased? Do you have equitableness in the home.

If your home is in a declining area, your lender may require a 5 percent payment handy

Related Topics:

Refinance With Cash Out
Refinance Mortage Rates
Refinance Loan Bank

 
 

Is Now A Good Time To Refinance A Home? We Tried 6 Months Ago But Were Upside Down. Trying To Lower Monthly ..?

Question by blahblah | Posted in Renting & Real Estate

about 6 months ago we tried to refinance our home, for a humble monthly note. However, we were upside down due to the recent crash of the cover market. So, is now a good time to refinance? We'd love to be able to do a no closing cost refi, but don't deem

Answer: You're still upside down. Rightful work more hours and cut your expenses to pay it down quicker.

Related Topics:

Refinance Savings
Refinance Manufactured Homes
Refinance Letter

 

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