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+29 Score 704 Replies 248,925 Views
Post #53444682 added 09-24-2012 4:20 PM by regrossman in Deal Talk
Yea, I started my refi as I will save and when the PMI drops off, will save another large chunk of money per month. My lender did say there is a chance they extend the cut-off date, but who knows...
+29 Score 704 Replies 248,925 Views
Post #53616932 added 10-01-2012 1:47 PM by fangtl in Deal Talk
If you only plan on living in the house for 10 years or less then go with the 5/5ARM. With that mortgage, you are basically mortgaging your house at a max rates of 3.75% for 10 years (this is...
+29 Score 704 Replies 248,925 Views
Post #53558658 added 09-28-2012 4:18 PM by RoundsERR in Deal Talk
NY requires an attorney to close the loan, a lot of other states only require a settlement agent (notary). You can imagine the attorney is a little more expensive :) with that being said still...
+29 Score 704 Replies 248,925 Views
Post #53544560 added 09-28-2012 7:18 AM by bgrk in Deal Talk
Has anyone done HARP-II refinance recently with LTV > 95%? what are the rates you are seeing?
+29 Score 704 Replies 248,925 Views
Post #53435564 added 09-24-2012 8:40 AM by NotReal in Deal Talk
Well PenFed replied to my email about the carbon monoxide detector "We will need you to install one and the appraiser will need to make another trip to your home to confirm installation" What a...
+29 Score 704 Replies 248,925 Views
Post #53449350 added 09-24-2012 8:22 PM by mser4fun in Deal Talk
I have a 2.625 rate with Provident. Do you think Penfed will be willing to push the rate down from 2.75 to 2.625 but pay the same thing when it comes to closing costs?
+29 Score 704 Replies 248,925 Views
Post #53449494 added 09-24-2012 8:31 PM by xceebeex in Deal Talk
So has anyone in NY state re-financed with the 5/5 ARM under this deal yet? I am trying to see what the title insurance costs will actually be (That is the only cost Penfed won't pay in NY state)....
+29 Score 704 Replies 248,925 Views
Post #53449740 added 09-24-2012 8:51 PM by CaptainHero in Deal Talk
Perhaps someone here can give me some advice- I currently owe $45k at 5.00% with 6 years 8 months remaining on a 15-year fixed rate mortgage through Bank of America. The house should appraise at...
+29 Score 704 Replies 248,925 Views
Post #53441272 added 09-24-2012 1:07 PM by iahawks550 in Deal Talk
What does that mean? How much are closing costs? Are you saying they are giving you $3,700 towards closing costs?
+29 Score 704 Replies 248,925 Views
Post #53442342 added 09-24-2012 2:03 PM by steve_010 in Deal Talk
When there is a net negative on the closing costs, what happens to that money? Do they cut you a check and you go out to dinner with it?
+29 Score 704 Replies 248,925 Views
Post #53442346 added 09-24-2012 2:03 PM by jackc6900 in Deal Talk
Can anyone speak on MIP? I hold an FHA loan and am required to pay these mortgage insurance premiums because I don't have 20% in equity on my house or whatever the requirment is. I went to look into...
+29 Score 704 Replies 248,925 Views
Post #53444380 added 09-24-2012 4:00 PM by regrossman in Deal Talk
The FHA jacked up the PMI rates from .60 to 1.20 or 1.25 percent of the loan balance per year depending on your LTV. If you bought before June 2009, you can refi and keep your existing rate. I bought...
+29 Score 704 Replies 248,925 Views
Post #53445576 added 09-24-2012 5:08 PM by regrossman in Deal Talk
The issue I have is my home dropped in value way to much to do a conventional refi. FHA refi, value of the home doesn't matter.
+29 Score 704 Replies 248,925 Views
Post #53449030 added 09-24-2012 8:02 PM by kevinh in Deal Talk
Correct.
+29 Score 704 Replies 248,925 Views
Post #53790688 added 10-08-2012 3:55 PM by HPSF99 in Deal Talk
Yes. My mortgage guy told me that our rate could get lower if our house appraises higher so same thing as putting more down ... We have 100k in equity on the low side, not sure how high the appraisal...
+29 Score 704 Replies 248,925 Views
Post #53044600 added 09-07-2012 11:19 AM by boourns84 in Deal Talk
the 5 year mortgage would be so sweet for me, currently owe only 42k on my house, but it's a 30 year mortgage (27 years left), my monthly payment with insurance/tax is $327 a month, with the 2.75%...
+29 Score 704 Replies 248,925 Views
Post #53046062 added 09-07-2012 12:13 PM by exemplar in Deal Talk
what about: Is it worth refinancing with a 330K loan @ 4.5% with a new 30 year @ 3.375%? :wave:
+29 Score 704 Replies 248,925 Views
Post #53046648 added 09-07-2012 12:34 PM by exemplar in Deal Talk
:worship: Outstanding principal balance ~$310K and the house value ~$370K Thanks!
+29 Score 704 Replies 248,925 Views
Post #53047842 added 09-07-2012 1:18 PM by z0ner in Deal Talk
Just bought a new home two months ago @ 4%, and I definitely have 20% equity. We'll be living here for much longer than 5 years (hopefully), so the 5/5 is out of the question (unless one of you out...
+29 Score 704 Replies 248,925 Views
Post #53083100 added 09-09-2012 9:26 AM by jperlin in Deal Talk
When I try to join (through Voices) I get an error message that they are unable to complete my request--anyone else have this issue?
+29 Score 704 Replies 248,925 Views
Post #53047616 added 09-07-2012 1:11 PM by NotReal in Deal Talk
If you are trying to decide if it is "worth it" or not to refi your existing loan, there are a couple of things you need to look at How long do you plan on living in this house? (everything...
+29 Score 704 Replies 248,925 Views
Post #53037650 added 09-07-2012 6:22 AM by Roland Deschain in Deal Talk
just saw this post. Can I see this FAQ without being a member? I'd like to get an idea of closing costs.
+29 Score 704 Replies 248,925 Views
Post #53038312 added 09-07-2012 6:56 AM by pmgreen in Deal Talk
Would be interested in this too. What range was the out of pocket payments (fees, cc, etc).
+29 Score 704 Replies 248,925 Views
Post #53038480 added 09-07-2012 7:02 AM by Keyone in Deal Talk
A bit off topic, but has anyone done a heloc with Penfed? They seem to have a minimum of $10k, so I can't just open one with $0 used and leave it for emergencies. Amy I reading that correctly?
+29 Score 704 Replies 248,925 Views
Post #53039326 added 09-07-2012 7:37 AM by flydeep in Deal Talk
I just talked to an officer, you defenitely need to have at least 20% equity on the home (they will finance up to 80% of the home value). For a 280K loan, 15yr fixed will cost about $9.1K in closing...
+29 Score 704 Replies 248,925 Views
Post #53039344 added 09-07-2012 7:38 AM by illtww in Deal Talk
Gonna have to look into this. Are the rates gonna drop lower in the next few months!?
+29 Score 704 Replies 248,925 Views
Post #53040274 added 09-07-2012 8:21 AM by randabear7 in Deal Talk
Anyone know of any places to get a mortgage with 10-15% down rather than 20%?
+29 Score 704 Replies 248,925 Views
Post #53041826 added 09-07-2012 9:28 AM by fbvolpb89 in Deal Talk
Thanks for the info NotReal. I probably can't do anything until I reach 20% equity.
+29 Score 704 Replies 248,925 Views
Post #53038062 added 09-07-2012 6:43 AM by Roland Deschain in Deal Talk
I realize some would deem this sensitive information and you may not be willing to divulge..but in case you are willing, would you mind pm'ing me the closing costs you paid as well as the amount you...
+29 Score 704 Replies 248,925 Views
Post #53041462 added 09-07-2012 9:12 AM by mkhan123 in Deal Talk
Thanks .. just refinanced my car...saved $40/month
+29 Score 704 Replies 248,925 Views
Post #53043538 added 09-07-2012 10:37 AM by NotReal in Deal Talk
I think your bi-weekly payments has a lot to do with it. On top of your extra money you are paying with each payment, when you make bi-weekly payments (every two weeks) your actually also making an...
+29 Score 704 Replies 248,925 Views
Post #53038926 added 09-07-2012 7:22 AM by imbored3111 in Deal Talk
Looks good. Most of the required cash is escrow & taxes (outside of Penfed's control). My last 2 30yr refis with Penfed each estimated title insurance of approx $1300, but I was only charged $800...
+29 Score 704 Replies 248,925 Views
Post #53039014 added 09-07-2012 7:26 AM by ubuntu_guru in Deal Talk
delete
+29 Score 704 Replies 248,925 Views
Post #53041126 added 09-07-2012 8:56 AM by fbvolpb89 in Deal Talk
Hmm I'm in a similar situation, I have a 3.75%. Are you under the 80% loan to value ratio yet?
+29 Score 704 Replies 248,925 Views
Post #53042044 added 09-07-2012 9:35 AM by NotReal in Deal Talk
I applied and will probably go through with it. You can make yourself sick watching mortgage rates. To me, there really is no rhyme or reason. You think the rates should go down because of...
+29 Score 704 Replies 248,925 Views
Post #53037324 added 09-07-2012 6:02 AM by regrossman in Deal Talk
Tried for the 5/5 ARM. A bit disappointing as you are responsible for up front fees/appraisal even if you don't get approved as was my case. My house dropped 35% in value since 2009 so way to upside...
+29 Score 704 Replies 248,925 Views
Post #53037356 added 09-07-2012 6:04 AM by spooky981 in Deal Talk
Negative. When you put the 20% down on the original purchase, you don't actually "lose" that money. It just becomes equity in your home rather than cash in your pocket. When you refinance you...
+29 Score 704 Replies 248,925 Views
Post #53040374 added 09-07-2012 8:24 AM by usmale_81 in Deal Talk
Try Trident Mortgage company (Part of Prudential Fox and Roach)
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