Reverse Mortgage

Ray F asked: I have a 1st mortgage of about $100,000 on a condo valued at approx. $380,000. I have a home equity line of credit ( $20,000) that is interest only with no pre pay penalties. Can I refinance for a 15 or 20 year fixed?Content

reni768 asked: Me & my husband separated in the year 2006 and filed our taxes separately as well as the year 2007. We got back together in October 2007 and bought a house. Now I am trying to refinance and the bank wants copies of the past 2 years income taxes. Will it look bad [...]

Rich J asked: Both were purchase money loans made in California at the time we purchased our house (owner-occupied). No cash out and no refinance. I’ve reviewed the loan docs and cannot find the words “recourse” or “non recourse”. What should I be looking for?Content

PB asked: I am 42 and my husband is 46. We do not “sacrifice” but are careful. Our current outstanding mortgage is $160,000. We started with $346,000 almost 4 years ago, but have been paying it down. Our interest is 4% but it is an adjustable that may jump to 6% in April of 2009. [...]

melissatraugh asked: What would need to be done here as we are now behind 2 months of payments as our mortgage jumped from $2500.00 to $3050.00 and we were looking to sell or refinance and were told the home doesn’t even belong to us. We have a mortgage, we live in the home but a [...]

#125 asked: If by refinancing, what are the best places to refinance? Do you recommend refinancing now? Are there any other options to lower payments?Website content

onebyone asked: I was told that a mortgage must be 6 months old before you can refinance it. Is it true? What law (or statute or regulation…) actually specifies that? This is in NY state, if that matters. Thanks!!Content for WordPress

Peter_33 asked: I’m looking for important tips as I’m about to refinance. I would like to know what should I pay attention to when choosing a financial institution.Content

celery1399 asked: I purchased a house with a friend almost 4 years ago. She is now getting married, and we need to remove her name from the title and the mortgage. I know we will need to complete a quit claim to remove it from the title – do we need an attorney to do [...]

BlueFlameSix asked: I live in PA. My divorce is almost final. I am keeping the property that I live in. It has an extremely low interest rate. I don’t want to refinance if I don’t have to. How can I get her name off the mortgage without going through the added expense?Content – Members-Only Content [...]