Resolved Question: Mortgage Refinance?

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, "aapexmrtg" and result is listed bellow.

Yahoo! Answers - what is a REVERSE MORTGAGE and how does it work?
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Find Today's Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
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Yahoo! Answers - is rajarhat in calcutta a good place to invest in property ?
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Resolved Question: Should I apply for a fixed rate loan to pay off credit cards?

I have $25,000 in total credit card debt (3 cards). Interest rates are 4.99, 5.99 and 11.74. The card with the highest balance is also the highest interest rate. According to a debt calculator I used, I can pay them off in 42 months with my income. I have been offered a fixed rate personal loan of $30,000 at 7.74%. I would pay off the credit cards and use the rest for legal fees (personal situation). Using the same debt calculator, I can pay the loan off in 48 months easily and probably sooner.

Is it worth it to apply for the loan? Will it hurt or help my credit? I do need the extra cash and do not want to take it from my home equity or put more on credit cards. Thank you for your responses.

Resolved Question: Mortgage Refinance?

I have a 1.25% negative am loan that i need to get out of, i currently owe 673,000.00 for both my first and my second, my question is can i get a loan that is not a negative am loan and have my payments at 2,500.00 including my taxes? Even if i have to get myself into an interest only loan for the first 3-5 years or so, by then my wife and i would be off better financially and can refinance into something fixed. My home is worth about 750,000 so i still have some equity in it and have had this negative am loan for about 2 1/2 years now. I was on lending tree and put my info in the mortgage calculator and it brought out different scenarios and one did have a payment of 2,400.00 is this realistic? i pay 8,000.00 in real estate taxes a year. I realize i cannot get an interest only loan plus get my taxes paid for $2500.00 So can i get a payment of $2500 without the taxes? for 673,000?

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Resolved Question: mortgage refinance right for us?

Heard of Bait and Switch? Here's an example. Joe at Wells Fargo Financial calls and says - "Come in to our office, we can refinance your auto loan, give you $750 cash back and lower your payments!" Of course we went in to check out what they could do. We get there and the guy is ALL about our MORTGAGE, which we have with a different bank. After explaining that we are NOT interested in home equity loans or refinancing the mortgage through Wells Fargo, suddenly he CAN'T do anything for us on the auto loan. He actually started arguing with us about how it doesn't make any sense to him that we wouldn't take him up on his fabulous offer!! WHOA NELLY! What the hell just happened here? You don't get your grubby f-ing hands on my house, and the deal is off? Well, all I can say is, that guy is damn lucky my 8 yr old daughter was sitting there with my husband and I because if not, I think he may have found his little calculator crammed down his goddamn throat. Better Business Bureau, here I come

Resolved Question: mortgage refinance right for us?

I have a 1.30% negative am loan that i need to get out of, i currently owe 650,000.00 for both my first and my second, my question is can i get a loan that is not a negative am loan and have my payments at 2,450.00 including my taxes? Even if i have to get myself into an interest only loan for the first 3-5 years or so, by then my wife and i would be off better financially and can refinance into something fixed. My home is worth about 750,000 so i still have some equity in it and have had this negative am loan for about 2 1/2 years now. I was on lending tree and put my info in the mortgage calculator and it brought out different scenarios and one did have a payment of 2,450.00 is this realistic? i pay 8,200.00 in real estate taxes a year.

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Resolved Question: Should I refinance my house in this situation?

My wife and I purchased our primary residence in Florida in 2005. At the time, we had a significant down payment.

Now, our family is growing, and we need to add on to the property. We want to add square footage and value (a couple of bedrooms, a bathroom, and potentially more). We make significantly more than when we purchased the house, and we can afford a bigger payment (even looking at calculators). Unfortunately, our equity has reduced, and I've heard Florida is a tricky market for lenders.

Is there any way to get a remodel loan, or some other type, to do this project? Hopefully, the assessed value will be more at the end of the project, and we can refinance. We have excellent credit, and other liquid assets that could be used as collateral. Note: we would rather not move. We have a great lot and location, and it would take a long time or sacrifice to move.

Resolved Question: What is a better rental investment plan 15 or 30 yr loan?

Putting 20% down should I either get a 15yr loan or a 30 yr loan. The property would cost about 170K and would rent for conservatively $1000 a month. Putting the #'s into the calculator below http://www.finance.cch.com/sohoApplets/MortgageRentvsBuy.asp

On the 30yr loan my value of investment goes into negative even though the rent would carry my mortgage costs. However, when I do the 15yr my value of investment is really high but, I would have to bleed a few hundred dollars each month. (which i can afford)

I preface this with I don't really understand home equity loans but, at 24 I would like to maximize my money for the long-term in the best way possible.

Resolved Question: Should I refinance my house in this situation?

We bought the house a year ago and the APR is currently 6.75 (30 year, fixed). We owe around $172000 (not counting the home equity line, 21K). I was just looking at Quicken loans and saw tone of ways to save money using their calculator. Stuff like "Smart Choice 5-year" and ARMs. Should I bite? We won't be in the house more than 5 years from now. The house is worth about $220k and there shouldn't be a problem reselling. It's in a good, new area.

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Resolved Question: Trade in upside down vehicle?

I asked this the other day, but will ask again and provide some more detail.
My hubby made a really bad decision & bought new a 06 Subaru Baja Turbo that has about 40k on it (he bought it 12/06). On top of his full time job, he delivers pizzas about 25 hrs a week (he works this much to pay for the Baja). He owes about 18k- we can't afford to pay extra principal. He will still deliver pizzas after it's paid off because he likes to have extra $. He gets about 20 mpg which sucks for his p/t job and our budget, also considering that he uses 93 octane gas for the turbo.
Our 2nd child is due in December, and after that I'm not going to be working full time outside the home anymore. (This was all in the 'plan' when he bought the stupid car). I've been telling him that it was unpractical all along, and now with the unstable economy and gas prices all over the place, he's starting to see that and is talking about trading his car in on something smaller, more fuel effiecient and with cheaper payments- like a Kia Rio or Hyundai Accent.
The base price is around 10k, and he'll have about 5k neg. equity in the Baja, so he'll be financing almost as much as he owes now. I've done some research and according to all the online calculators on financial & car websites, he'll break even in about 3 yrs.
I talked to my most financially intelligent person I know, and he said he wouldn't do it, but that IF we did, the only way it COULD make financial-sense would be to continue to pay the amount we've been paying on the Baja to pay it off quicker and pay less interest over time.

But all the financially advise in the news is saying 'keep ur gas guzzler because they have no re-sale value' and 'don't take out any new loans that you don't HAVE to', etc.

Now all that being said- What would you do????? I don't want him to make another bad decision, because there is so much more at immediate stake than there was almost 2 yrs ago.


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