How low should the interest rate be so that refinance home mortgage will be worth my while?
Answers: Emma without knowing the following, there is no way any of us can give you a realistic answer:
1. current interest rate
2. prepayment penalites, if any
3. how long ago was the mortgage originated and did you pay points
4. current costs for re-fi: appraisal fee, loan document fee, credit report fee, points etc.
5. balance you are trying to re-fi
You have not given us near the info needed to give you a good answer
you have to decide
what you're doing, in essence, is paying a bunch of fees and costs now in exchange for a lower payment. so you figure out how long it'll take for the lower payment to recover your fees and costs.
then you decide if it is worth it.
can't know until you work out the figures -- none of which you gave us
Interest rate is only a portion of the equation. If you want to go from a fixed principle and interest loan to an interest only you could have a higher interest rate and lower payment.
What about cash-out? If so, how much cash.
Are you paying off any bills?
Are you wanting to pay for college (yourself or kids)?
Are you going from an interest only loan to principle and interest?
Consider all these questions when looking to see if it's worthwhile. If your total current outgo per month is 3,000 including cars, mortgage, credit cards, etc. would you benefit if you had a loan which paid everything but the mortgage off and had a new payment of 2200 per month? At that point why not invest say 400 of your savings into mutual funds, stocks, basically a diversified portfolio.
Interest rate is important but you must consider all angles
It should be 2% lower that your existing interest rate. Source: http://www.whataboutloans.com/mortgage/m...
Does anyone know of any organisations that can assistance financially?
Due to certain persoanl circumstances we obligation to raise money as afamily asap. Does anyone know of anyone/thing that is to say prepared to offer money contained by exchange for a house??Answers: Have you not tried those companies that buy houses, some advertise that they income the market rate.
look for debt counselling services
What are some free or cheap ways to get hold of more exposure for our house that we are selling FSBO?
We have our house on the marketplace. We are a military family and we enjoy to sell it by May, but for I will be stuck here with the kids till it sell. What are some cheap or free ways to get maxiumum exsposure?Answers: Try to publicize on craigslist.com. I look for houses there sometimes.
First of adjectives I would recommend you get a Realtor.but if explicitly not an option roll it on zillow.com. You can advertise within Newspapers, distribute flyer's, ask friends and family to to spread the word, ask adjectives your friends and family to administer you a list of adjectives their email contacts and distribute an email with pictures and descriptions( by the mode, email is the most cost effective).
These are some of the things I do to get the most exposure on a property. This why you earnings a Realtor because this is time consuming and cost money anyways.
Here is a list of free classified websites, hope it will support.
http://www.boxforyou.com
http://www.livedeal.com
http://www.backpage.com
http://www.craigslist.com
http://www.usfreeads.com
http://www.theadnet.com
http://www.shaklee.net/about
http://www.kijiji.com