Best Mortgage Advice Forum

Special Edition Making Home Affordable Options  Ask Kate's Special Edition of Making Home Affordable Options - 13 Making Home Affordable programs. This is part 2 to The Bad Behavior of Making Home ...

The Bad Behavior of Making Home Affordable  Ask Kate about the bad behavior of Making Home Affordable: Kate, I asked my lender for help with refinancing under Making Home Affordable and the HARP ...

Is This Nationwide Mortgage Lender My Only HARP Refi Option  Ask Kate, Is this nationwide mortgage lender my only HARP Refi Option? Hi Kate, I just went to my bank to talk over an option to refinance under the ...

Mortgage And Foreclosure Relief For Distressed Homeowners  Ask Kate about mortgage and foreclosure relief for distressed homeowners: Kate, I was doing some research about the HARP program as this has just come ...

Buying A House After Bankruptcy  Ask Kate about buying a house after bankruptcy and short sale: Hi Kate, Can I find someone to loan me money after I am discharged from a Chapter 7 bankruptcy ...

Problems with Mortgage Underwriting Guidelines  Ask Kate about Problems with Mortgage Underwriting Guidelines: Hi Kate, No exaggeration, I have been trying to refinance my existing mortgage with a ...

Need Help Refinancing Investment Property  I Need Help Refinancing An Investment Property: Hi Kate, I need help from anyone who can think of a way I can refinance my investment property without ...

Getting Rid Of PMI  Ask Kate About Problems Getting Rid Of PMI: Hi Kate, I did a terrible mistake by sending $40,000 to my lender to get rid of my private mortgage insurance....

Real Estate Short Sale  Ask Kate about real estate short sale: Kate, I have a conventional loan with PMI and my home is not worth what I paid for it in November 2004. I am a ...

Break Mortgage Rate Lock Or Not  Regarding to break a mortgage rate lock or not: Hi Kate, I'd like to say that to break a mortgage rate lock or for that matter, not breaking a lock is ...

Switch Mortgage Rate Lock or Not  Switch Mortgage Rate Lock or Not: Kate, we completed our mortgage rate lock late last week with our mortgage broker. We would not have been aware that ...

Best Mortgage Advice Concerning Foreclosure  Regarding Andrea's best mortgage advice concerning foreclosure : Hi Kate, I would recommend for those of you that are in mortgage foreclosure to look ...

Educate Yourself Best Mortgage Advice  To educate yourself is the best mortgage advice My best mortgage advice is to educate yourself before signing on the dotted lines. When you decide to ...

Refinancing Benefits  Through the years and two different homes, I have refinanced three times. It is rather stressful, but not nearly as difficult to deal with as the original ...

Fannie Mae Freddie Mac Bailout  Regarding the Fannie Mae and Freddie Mac Bailout Should the Federal Government bailout Fannie Mae and Freddie Mac? I guess that they should, but unfortunately ...

Request Refinancing Advice For Financial Trouble  Ask Kate: Request Refinancing Advice For Financial Trouble Like a lot of American Families ours is in financial trouble. Savings are nill. My wife has ...

Are You Ready To Refinance  Here are easy steps to determine if you are ready for refinancing. As anyone who's read the paper or watched television in the last few months knows, the ...

To Do Or Not To Do The Ultimate Refinance Question  The economy is failing, your dollar doesn't stretch as far and things are maybe beyond reason. Something that may be in your mind is it worth it to refinance ...

Well I was gonna refinance  I used to think refinancing was great, when the economy was up and nobody was in fear of losing their jobs. At this point in time, I believe refinancing ...

My Refinancing Advice  My husband and I have refinanced in the past. Once we refinanced and added some existing debt into the mortgage which lowered our payments by a few hundred ...

Underwater Refinance of 1st and 2nd Mortgage   Ask Kate about an underwater refinance of 1st and 2nd mortgage with a bizarre twist: Kate, I purchased an investment property in 2003 for $60,000 cash....

When Home Affordable Modification Program Says No  Ask Kate when Home Affordable Modification Program says NO: Hello Kate - With my upside down mortgage, we are robbing Peter to pay Paul. I am 50%...

HARP 1st 2nd Mortgage Refinancing  Ask Kate about HARP 1st and 2nd Mortgage Refinancing Problems (Making Home Affordable Refinance Program): Hi Kate, We just got up to the approval phase ...

Compare Home Mortgage Interest Rates to Closing Costs  Ask Kate how to compare home mortgage interest rates to closing costs: Hi Kate, Do you think it is better to get 4 percent with $2100 in closing or 4....

Who Broke The Mortgage Loan To Value Calculator  Ask Kate who broke the mortgage loan to value calculator: Kate, I have a PMI question. I purchased my home in 2004. I have not been delinquent on any ...

How To Refi Without The Glitch  Ask Kate how to refi without the glitch: Hi Kate, Buying or refinancing a home is an avalanche of paperwork that keeps people running around jumping ...

How To Figure Monthly House Payments To Pay Off Mortgage Early  Ask Kate how to figure monthly house payments to pay off your mortgage early: Kate, How much more should I pay a month to pay my house off in 15 years ...

Nightmare 401k Withdrawals For Home Buying  Ask Kate about Nightmare 401k Withdrawals For Home Buying: Kate, My husband and I had a condo but wanted a house. We put the condo up for sale and found ...

HAMP And The Negative Amortization Loan  Ask Kate about Hamp and the negative amortization loan: Hi Kate. I do qualify for a HAMP loan which would ultimately reduce my current mortgage payment ...

Mortgage Rate Lock Stall Tactics  Ask Kate about Mortgage Rate Lock Stall Tactics: Kate, I was just reading a post about a very similiar situation my husband and I are in -- I also believe ...

Are 30 Year Fixed Mortgage Rates Negotiable  Ask Kate: Are 30 Year Fixed Mortgage Rates Negotiable? Hi Kate, Am I in a position to negotiate down the quoted interest rate? I'll be raising my house ...

Comparable Home Prices  Comparable Home Prices and Refinancing: Hi Kate, I am thinking of dumping my bank. I am trying to refinance my mortgage through my bank on a 15 year ...

Can My Mortgage Interest Rate Be Locked Without My Consent  Can my mortgage interest rate be locked without my consent? Hi Kate, My loan officer says he locked my interest rate because rates were rising. I only ...

Peer Lending  Ask Kate about Peer Lending: Kate, I now see more and more peer to peer lending groups not giving loans to people with less than a 620 or 640 credit ...

Mortgage Rate Lock Agreements  Ask Kate about Mortgage Rate Lock Agreements, cancellation and expiration policies: Hi Kate, I have two questions for you about my mortgage rate lock ...

Loan Modifications  Ask Kate for help with mortgage loan modifications! Hi Kate, We've done the paperwork for loan modifications 3 times and keep getting denied. We are ...

Mortgage Problems  Ask Kate about 1st and 2nd mortgage problems - Title Alert! Hi Kate, I have been working with a Major Bank to refinance my home loan using the HARP (Home ...

Foreclosure Questions  Ask Kate Foreclosure Questions: Hi Kate, Will the bank call in my loan? When I bought the house I was making $50,000. I got laid off and now work for ...

Residential Construction Loan Interest Rate Lock  Ask Kate about breaking a residential construction loan interest rate lock: Hi Kate, Am I stuck or can I break my interest rate lock? I locked my interest ...

YSP Issue  Tom's experience a YSP Issue (Yield Spread Premium): I recently signed a contract on a condo, purchase price $65K. I put 30 percent down, with a credit ...

Confusing Your House with an ATM Machine  Confusing Your House with an ATM Machine : I was a financial advisor for many years and I watched clients and potential clients use their house like ATM ...

Pay Off House  Ask Kate how to pay off your house: Hi Kate, We are trying to pay off our house. I have lived here for a long time and still owe around $57,000 for ...

Mortgage Lock-Ins  Ask Kate - Deposits For Mortgage Lock-Ins: If I cancel my mortgage application, is the lender required to refund my lock-in fees? We locked our mortgage ...

What Is Mortgage Insurance  Ask Kate: What is mortgage insurance and does it protect me? Kate, I took out an FHA loan through a bank with the PMI included. I don't have to get the ...

Mortgage Rate Lock Avoiding Hidden Fees  Regarding mortgage rate lock and avoiding hidden fees: My wife and I went to closing this past Friday. We received a Good Faith Estimate for 4.5% and ...

Second Mortgage Interest Rates  Regarding second mortgage interest rates and fees: Kate, why are there so many fees on a 2nd mortgage loan? I don't understand why the interest rates ...

Lock Interest Rate  Regarding When To Lock Your Interest Rate: Kate, Should I lock my interest rate? My bank in Canada is suggesting a home mortgage that is a 5 in 1. I ...

Mortgage Rate Locks  Hi Kate! My mortgage professional says mortgage rate locks do not ensure that we will get the same rate as in our good faith estimate. Is this true? How ...

Mortgage Rate Refinancing Advice  Regarding Mortgage Rate And Refinancing Advice: Note from Kate: I enjoyed this refinancing advice from a Reader but I need a little clarification with ...

Refinancing Advice Look Carefully  Ask Kate: Refinancing Advice Look Carefully Kate, Hopefully someone will benefit by my refinancing advice - I'm glad $8000 of closing costs caught my ...

My Mortgage Rate Refinance  Ask Kate: My Mortgage Rate Refinance Hi Kate, Here is why I did not wait for 5%. I chose to refinance my home because I felt that it was the ideal thing ...

Mortgage Refinancing Advice  Ask Kate: Mortgage Refinancing Advice Hi Kate, I would encourage anybody to refinance during this bleak time in our economy. I think now is an excellence ...

Mortgage Rate Refinance Story  Ask Kate: Mortgage Rate Refinance Story Kate, My story is about owning my house since 1996. I financed with a 30 year fixed rate mortgage. Back then ...

15 Year Fixed Mortgage Rate Refinance  Ask Kate: 15 Year Fixed Mortgage Rate Refinance Here is a helpful experience from a fellow homeowner's mortgage refinance. After you read it, follow ...

Interest Rates and Mortgage Rate Refinancing Advice  Ask Kate: Interest Rates and Mortgage Rate Refinancing Advice Kate, Here is my refinancing advice. Interest rates are very low at present which means ...

Enjoying Mortgage Rate Refinance Benefits  Ask Kate: Enjoying Mortgage Rate Refinance Benefits Kate, I needed a mortgage rate refinance. The effects of recession and trauma created in the financial ...

Mortgage Rate Refinance No PMI  Ask Kate: Mortgage Rate Refinance But No PMI What would you do? Lower your mortgage rate 1.5 percent to 4.6 percent and pay PMI or walk away from the ...

Home Mortgage Refinance Gets Appraisal Shock  Ask Kate: Home Mortgage Refinance Gets Appraisal Shock Dear Kate, We recently refinanced our home that we have lived in for 2.5 years now. There were ...

Best Mortgage Advice On Buying Points  Regarding Best Mortgage Advice On Buying Points: Kate, what is your best advice on discount points? What is the purpose of points? Are they just a gimmick ...

Ask Before Your Refinance  Ask Kate: Ask Before Your Refinance Kate, My friend Denise and her husband Tim are about to refinance their home. They bought it three years ago at ...

Ask Now or Pay Later Refinancing  Ask Kate: Ask Now or Pay Later Refinancing Before refinancing your mortgage, think about questions to ask the lender. Don't be afraid! This is your home,...

Experienced Refinancing Advice  Refinancing Advice from an experienced homeowner... Hi Kate, Having refinanced multiple properties over the last 25 years, there are many questions to ...

Refinancing Advice For Friends  Ask Kate: Refinancing Advice For Friends Here is Tammy's refinancing advice for a friend BEFORE she makes a commitment to a mortgage lender.....

Refinancing Advice Three Questions  Refinancing Advice - Three Questions Hi Kate, Here are the three questions I suggest asking a lender before refinancing. They zero in on closing costs,...

Refinancing Advice Rate Not Most Important Factor  Ask Kate: Refinancing Advice - The Rate Is Not The Most Important Factor If you are going to refinance the rate is not the MOST IMPORTANT factor. You ...

Refinancing Advice Protect Yourself  Ask Kate: Refinancing Advice To Protect Yourself So you are going to refinance your home, not a bad decision with the way today's mortgage rates are ...

Upfront Mortgage Rate Lock Talk  Regarding Upfront Mortgage Rate Lock Talk Note from Kate: I like this view regarding mortgage rate lock, that is having an upfront talk at mortgage ...

Mortgage Rate Lock Ethics And Penalties  Regarding mortgage rate lock ethics and penalties: Hi Kate, So, a homeowner locks in a mortgage rate lock with a broker just to find the rates plummeting ...

Best Mortgage Advice Best Mortgage Rate  Regarding Best Mortgage Advice For Best Mortgage Rate: Kate, I need to know the best mortgage advice regarding lowest interest rates? Daily mortgage ...

Refinancing And Mortgage Rate Lock  Regarding refinancing and mortgage rate lock Hi Kate. This is my opinion. In the case of breaking a mortgage rate lock while refinancing, even though ...

Best Mortgage Advice Equity Loans  Regarding Best Mortgage Advice About Equity Loans: One reader's best mortgage advice regarding 2nd mortgages and her downward spiral, financially and ...

Refinancing Advice Ethical or Unethical  Ask Kate: Refinancing Advice Ethical or Unethical Here is thought provoking refinance advice regarding a mortgage rate lock. Ethical Or Unethical - What ...

Refinance Seemed Good Idea Refinancing Advice  Ask Kate: Refinance Seemed Good Idea Refinancing Advice Refinancing seemed like a good idea! Here is my refinancing advice. When my husband and I first ...

Best Mortgage Advice Skating A Fine Line  My best mortgage advice is like skating a fine line... It is hard to say whether or not it would be unethical to switch lenders while refinancing ...

Proactive Homeowner With Refinancing Advice  Ask Kate: Proactive Homeowner With Refinancing Advice Here's another homeowner success story with proactive refinancing advice. afterward, you'll find ...

Lowest Mortgage Rate Lock   Regarding the lowest mortgage rate lock Hi Kate, If my mortgage broker got me an interest rate and then I found out that I could get a better mortgage ...

Refinancing Advice Home Equity Loan  Ask Kate: Refinancing Advice Home Equity Loan This refinancing advice from a financial adviser provided a homeowner with a solution to pay off her mortgage ...

Mortgage Pre Approval Not Prequalification  Regarding Mortgage Pre Approval Not Prequalification: Want to jump to the front of the mortgage line? Get there with mortgage pre approval. Don't bother ...

Hope Is Best Mortgage Advice  Regarding Hope Is The Best Mortgage Advice: This best mortgage advice of perseverance during personal adversity is an account by one reader who keeps ...

Reverse Home Mortgage Helped Grandma  How a reverse home mortgage helped Grandma Because of a reverse mortgage, my grandma enjoyed her later years. I would recommend a reverse mortgage to ...

Refinancing Advice During Bankruptcy  Ask Kate: Refinancing Advice During Bankruptcy I decided to publish this story, even though on first glance I did not think it related to mortgage refinancing ...

Refinancing Advice For Financial Crisis  Ask Kate Refinancing Advice For Financial Crisis: Here is my refinancing advice for the material sale that is kept in banks. I wanted some cash for meeting ...

Save Money Refinancing  Ask Kate: Save Money Refinancing Kate, This is about how we saved $9,000 refinancing without really trying. We refinanced our home several years ago....

Mortgage Advice The Borrower Knows Best  Mortgage Advice -- The Borrower Knows Best I feel the person borrowing money is the best judge about mortgage. You can take advice from friends, relatives,...

Best Mortgage Advice Do Your Homework  Best Mortgage Advice - Do Your Homework The best mortgage advice is CHECK YOUR CREDIT REPORT FIRST!!!! First-time buyers seeking to mortgage their first ...

Mortgage Advice Worth Every Penny  Regarding Mortgage Advice Worth Every Penny "If you don't buy this house, you will have to continue living with your dad, maybe for the rest of your ...

Best Mortgage Advice Be Cautious   My best mortgage advice is to do your own homework and remember, it is real money and not just figures on a sheet of paper. We were recently looking ...