betsy asked:


My husband and I would like to refinance our home. We’d like to shop around for the best mortgage. The problem is…when you shop around…the different lenders will check your credit score. We were told that your credit score goes down after each check. Can anyone with experience in lending tell us the best way to shop around without getting “dinged” every time we look into refinancing our home?

lovingmom asked:


What are the pros and cons?

James D asked:


Where can I find the lowest interest rate for a mortgage refinance in Arizona? I would like to be able to look for it online.

Bleaker asked:


I need to get some home repairs done and have the option to refinance my mortgage at the same rate (6%) for 30yrs or go the Home Equity loan route with 7.85% for 15 years. Does anyone know if one option is better than the other in the long run?

michael o asked:


I have 24 years left on 30 year mortgage. I am thinking about a home equity loan at a favorable rate, rather than roll in to refinance consolidation. If rates are favorable later this year i may like to refinance 1st mortgage at 15 years. Will home equity loan affect my refinancing even if i am not looking for any cash out.

seeker asked:


Let’s say my Countrywide home loan term is 20yrs, $1000 a month with fixed interest rate 6.5%. What’s the bad/good if I decide to double my monthly payment?

Paulo R asked:


I saw a commercial last night about refinancing homes here in Florida. Is that worth doing? just asking coz both my parents lost their jobs. and now leaving on savings.( they been lay off 3 months ago) they are never late on payemtns and credit card. I am still a student and cant really find a job. Any good lawyer for refinancing here in south fl? I forgot to write the number on the commercial on TV.

barbara d asked:


I’d like to know when it makes sense to refinance a 1st mortgage? What interest rate difference is worthwhile? And if you refi with same bank, can you negotiate the closing costs? Maybe say you will take your mortgage elsewhere?

jasonex asked:


The situation is this. My wife and I bought a home b4 we had kids. she is now a stay-at-home mom and does not have a paying job. We want to refinance to lower the payments. Does the bank require a credit check on both spouses or is it normal that they only care about the one who has a job? Any mortgage professionals out there with the real answer? Really appreciate it. Thanks.

Andrew W asked:


i just refinanced my home the original value was 45k and i had it paid down to 35k. when i refinanced it brought the value i need to pay back up to 51k. i have a adjustable rate now that will kick in may of 09 my percent is 12.750 i think. i pay 500 a month now for the mortgage and 720 total with all the taxes and stuff. i dont have a penalty for paying the loan of early so i want to pay it off in the next five years but with the arm my percent can go as high as 18.750. i dont want the bank to take my house from me because of the mistake i made by refinancing in the first place. so is it possible to refinance into a fixed rate and still keep the loan at 50k and still pay it of early with out any penalty. this is my first post so plz any and all help is great