I took out owner occupied 80-20 loan. Int on 80 is 5 5/8 on 20 is 10 5/8.taken out 7-2007 can I refi?
Answers: Refi the 20. Or, take a second on the 20. 10 5/8 is terrible.
ok...
my brain hurts
Probably not. I doubt you have the equity to. Even if you do, the PMI you;ll end up paying will probably make up the difference in payment.
A better plan would be to pay off the 2nd as quickly as possible.
You may be able to get a lower rate on the 2nd, but I'm not sure how much that would actually help you each month. Depends on your loan size.
GL on finding a loan at all.
near as I can figure from what little you've said, you have nothing in the property. not many zero down deals are being done now and probably won't be for years -- banks are re-learning about the risks of zero down.
The first thing you need to do is find out if you have a pre-payment penalty. If so, you will have to pay a percentage of your balance in order to refi.
Otherwise, if you have the equity go for it. I would suggest just the 2nd, as your first is a good rate.
I live in CA, can my room be shown to prospective tenants without my consent while I'm gone?
Answers: no
Yes, if they give you 24 hours written notice.
Need some REAL assistance PLEASE!?
dont know if too many inhabitants will know an answer to this but help me if you can.how will the Chicago Land area's unadulterated estate be for the next year or so? i really stipulation it to do well. its doing fruitless now though isnt it?
Answers: Sadly, NOBODY know for SURE how it will do - even the BEST experts can usually only predict almost 1-3 months ahead...
And I am NOT one of those experts, so I can't say one passageway or the other ;););)
There is some story about how formerly the Great Depression everyone was buying and selling stocks and even the kid who chock-a-block your car next to gas was giving stock guidance. IF Everyone is giving advice- you probably shouldnt trust it.
My Point? Do some real research and dont trust things approaching that on this forum.
Ps- whether you need it to do resourcefully wont change things.
Financing is with the sole purpose going to get harder over the coming months, so this should serve to further depress housing.
The solitary thing that can drive it up is a huge number of people feeling like and able to buy houses, and I don't see this taking place anytime soon, no matter what spin the NAR puts on the numbers.