Refi is essentially making a new loan . . .
Same process as your original loan . . .
You’ll have to be reworked – any new debts ?
Is your debt to income higher or lower ?
Higher debts = higher loan rate .
Lower debts (better FICO) maybe lower rate ?
Try to maintain at least 20% equity or else you’ll be stuck with PMI and that is a total $$$$ flush down the drain. References :
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Consumer bankruptcies are at the highest level since Congress changed the bankruptcy law in 2005 and made it tougher for people to file for relief from their debts, according to American Bankruptcy Institute Executive Director Samuel J. Gerdano. And […]
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Refinance Questions?
What do I need to know to refinance a condo?
visit http://www.1stlibertymortgage.com and look around. reference chris
References :
http://www.1stlibertymortgage.com
You need to email Jeremiah_2012@yahoo.com
References :
Refi is essentially making a new loan . . .
Same process as your original loan . . .
You’ll have to be reworked – any new debts ?
Is your debt to income higher or lower ?
Higher debts = higher loan rate .
Lower debts (better FICO) maybe lower rate ?
Try to maintain at least 20% equity or else you’ll be stuck with PMI and that is a total $$$$ flush down the drain.
References :