Refinancing? - Page 2

Liebling:-))) · 03-05-2008, 07:17 AM

Interesting thread.

I don't know how difference between America and Germany but I would like to share my experience then it would help you to see the sense... Maybe your Bank offer the same as mine?

We look for reasonable interest to finance my house mortgage. We found the low interest then fix 10 years agreement contract that interest should remain same up to 10 years agreement contract over then re-new agreement contract with new interest. We re-new the 10 years agreement contract with low interest... If high interest then 3 or 5 years agreement contract.

If you want to refinance then you need to look low interest first then fix agreement contract that interest should remain same.

Good Luck

AnthonyChu · 03-05-2008, 02:28 PM

While there is no time limit for when you may refinance, it has to make sense to the homeowner.

Nowadays, interest rates are low if we can verify income. Depending on your situation, you may want to opt to go FHA, where you get the lowest rate possible. Again, depending on your situations, you may have several options.

Also, you receive a lot of "pre-approve" letters. This is because most lenders purchase leads that contain public records. These are sent in bulk to hundreds of homeowners at the same time. These companies never know your exact situation. I wouldn't pay much attentions to these...I heard nightmares about them.

If you have questions on home loans, you may contact me at anytime. I enjoy what I do and will be glad to assist you in any way possible.

Hope this helps.

ScubaladyTx · 03-05-2008, 05:34 PM

Quote:

Originally Posted by shel90

Nah..he can help me with the household chores!!! I am tired of picking up the dog poop, doing laundry, taking care of kids, dinner, food shopping, mowing the grass, fixing the house, and all that all by myself!!! LOL! Then I can have more energy for some fun in the room. Hahahaha!

Yeah, I hear you! ! Lol! ! Same thing to me daily! Ughh....

M-

shel90 · 03-05-2008, 06:51 PM

Quote:

Originally Posted by ScubaladyTx

Yeah, I hear you! ! Lol! ! Same thing to me daily! Ughh....

M-

Lucky u can do it during the day since u are a stay at home mom..I cant cuz I work full time so I have to do it after work or on the weekends. It feels like I never get time to rest at all. It is like I have two full time jobs.

shel90 · 03-05-2008, 06:52 PM

Quote:

Originally Posted by AnthonyChu

While there is no time limit for when you may refinance, it has to make sense to the homeowner.

Nowadays, interest rates are low if we can verify income. Depending on your situation, you may want to opt to go FHA, where you get the lowest rate possible. Again, depending on your situations, you may have several options.

Also, you receive a lot of "pre-approve" letters. This is because most lenders purchase leads that contain public records. These are sent in bulk to hundreds of homeowners at the same time. These companies never know your exact situation. I wouldn't pay much attentions to these...I heard nightmares about them.

If you have questions on home loans, you may contact me at anytime. I enjoy what I do and will be glad to assist you in any way possible.

Hope this helps.

Is FHA for low income families? If so, I doubt we will qualify. How can I contact you? Thanks!

shel90 · 03-05-2008, 06:54 PM

Quote:

Originally Posted by Kalista

Oh yeah, I am so so SICK of picking up a puppy poops and clean up the urine from the carpet. Take care of bills, chore, etc.... I miss so much being home to do garden work, walk and visit friends, Deaf social, etc.... I feel that my life work 75% and 25% social as balance....

I just want to give up both of two jobs to become homeless... It gets me so discourage to work 80 to 110 hours a week !! No life for me.

I hope u can refinance soon so u can quit your 2nd job. It is not easy these days. My hubby and I have 2 incomes but it is not enough and it is ridiculous!

shel90 · 03-05-2008, 06:55 PM

Quote:

Originally Posted by Liebling:-)))

Interesting thread.

I don't know how difference between America and Germany but I would like to share my experience then it would help you to see the sense... Maybe your Bank offer the same as mine?

We look for reasonable interest to finance my house mortgage. We found the low interest then fix 10 years agreement contract that interest should remain same up to 10 years agreement contract over then re-new agreement contract with new interest. We re-new the 10 years agreement contract with low interest... If high interest then 3 or 5 years agreement contract.

If you want to refinance then you need to look low interest first then fix agreement contract that interest should remain same.

Good Luck

Thanks..I am just concerned about having to pay closing costs. That is what we dont want to do since we paid NOTHING for closing costs when we bought our house. We got very very lucky.

ScubaladyTx · 03-06-2008, 11:01 AM

Quote:

Originally Posted by shel90

Lucky u can do it during the day since u are a stay at home mom..I cant cuz I work full time so I have to do it after work or on the weekends. It feels like I never get time to rest at all. It is like I have two full time jobs.

Yeah, Thats why . Too much for me! My children are very important! Til They are getting older enough then Ill go back to work.

M-

AnthonyChu · 03-08-2008, 04:11 PM

Quote:

Originally Posted by shel90

Is FHA for low income families? If so, I doubt we will qualify. How can I contact you? Thanks!

You can email me to:

AnthonyChu@amsmtg.com

tonychu@optonline.net

You may contact me at any time.

shel90 · 03-08-2008, 04:25 PM

Quote:

Originally Posted by AnthonyChu

You can email me to:

AnthonyChu@amsmtg.com

tonychu@optonline.net

You may contact me at any time.

Just emailed you. Thanks!

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03-05-2008, 07:17 AM	#31 (permalink)
Liebling:-))) Hiiiiiii it's meeeeee Join Date: Jan 2004 Location: Germany Posts: 24,911	Interesting thread. I don't know how difference between America and Germany but I would like to share my experience then it would help you to see the sense... Maybe your Bank offer the same as mine? We look for reasonable interest to finance my house mortgage. We found the low interest then fix 10 years agreement contract that interest should remain same up to 10 years agreement contract over then re-new agreement contract with new interest. We re-new the 10 years agreement contract with low interest... If high interest then 3 or 5 years agreement contract. If you want to refinance then you need to look low interest first then fix agreement contract that interest should remain same. Good Luck

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03-05-2008, 02:28 PM	#32 (permalink)
AnthonyChu Mortgage Expert Join Date: Mar 2008 Posts: 2	While there is no time limit for when you may refinance, it has to make sense to the homeowner. Nowadays, interest rates are low if we can verify income. Depending on your situation, you may want to opt to go FHA, where you get the lowest rate possible. Again, depending on your situations, you may have several options. Also, you receive a lot of "pre-approve" letters. This is because most lenders purchase leads that contain public records. These are sent in bulk to hundreds of homeowners at the same time. These companies never know your exact situation. I wouldn't pay much attentions to these...I heard nightmares about them. If you have questions on home loans, you may contact me at anytime. I enjoy what I do and will be glad to assist you in any way possible. Hope this helps.