By Raghu on May 26, 2009
Finally all the paperwork is done and Broker said, I can close the loan sometime this week. This would save my monthly payment by $60+ per month.
Current Loan – 30 Year Fixed, No Escrow, 5.25%, Refinanced on Dec 2009, lender – Countrywide
New Loan – 30 Year Fixed, No Escrow, 4.875%, No Closing Cost/Lenders Fee, Lender [...]
Posted in Personal Finance | Tagged Mortgage Refinance |
By Raghu on May 17, 2009
I’m still waiting for the home appraised value to refinance. But, I really don’t understand why one broker would require Appraisal when another lender can refinance without Appraisal.
When I refinanced during last week of December, NMA didn’t order home appraisal. But, now with different Broker, they ordered appraisal. I’m puzzled by that fact that, the [...]
Posted in Personal Finance | Tagged Mortgage Refinance |
By Raghu on May 6, 2009
Back in December 2008, we refinanced existing mortgage. Back then we had 2 loans ( First Loan 5.625% and Second Loan – 7.75%) through National Mortgage Alliance, we were able to combine both the loans into single loan and got 5.25% No Cost loan without escrow account (without paying escrow waiver fee).
No cost Refinance – [...]
Posted in Personal Finance | Tagged Mortgage Refinance |
By Raghu on December 18, 2008
In the previous post, I had explained why I decided to do with No Cost Mortgage. Here, I will explain my experience in searching for No Cost Mortgage rates in this article.
No Cost Rate Lock
In my community almost 5 of my neighbors are going with No cost Mortgage. So, we formed a network to find [...]
Posted in Personal Finance | Tagged Mortgage Refinance |