Nuts and Bolts of Refinancing
Advice and Insight from Ask Kate

There's an abundance of refinancing advice, no matter where you look. But where can you find dependable answers to your mortgage questions?

It's not unusual for homeowners who are applying for new financing to discover they need someone they can trust. Hi, my name is Kate and I'm a mortgage insider. For over 20 years, I personally helped thousands of borrowers get home loans.

Now that I've retired from mortgage origination, I author this website to provide you with the opportunity to ask questions and get down-to-earth answers.

Ask Kate at Get-Your-Best-Mortgage-Rate.com

Remember, every question i s a good question. If you aren't sure what to ask just yet, go ahead and take a look at these refinancing questions that I've answered. You'll find some Readers even offer their advice or tell a story.

I hope to hear from you too. Now it's time for the nuts and bolts of mortgage refinancing.

Ask Kate About Refinancing a Mortgage

Discover my fresh approach to mortgage lending. Ask me for refinancing advice.

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More help! Look at these questions, comments, and Ask Kate answers.

Enjoy the following questions and comments from other readers as well as my refinancing advice. Remember, you can ask a question or comment too!

Is HARP Refinance a Cash-Out Mortgage Program 
Ask Kate if HARP refinance is a cash-out mortgage program: Sandra asks if she can use a HARP refi as a cash-out mortgage program to pay off $15,000 in …

What Is the Best Way to Refinance My Mortgage 
Ask Kate for the best way to refinance my mortgage: Instead of refinancing, Sherry has been waiting for her FHA mortgage insurance to drop off. But now …

Should I Refinance My Home But Switch Lenders 
Ask Kate if you should refinance your home but switch mortgage lenders: Both Debbie and Sally are refinancing their homes. Both feel they aren't getting …

Can Mortgage Refi Add Borrower - Expired Rate Lock 
Ask Kate about refinance vs loan assumption to add a borrower to the mortgage and how to get lower interest rates before lock agreements expire: Jodi …

HARP Refinance Fees and Underwater Loan Mayhem 
Ask Kate about HARP refinance fees, underwater investor-backed loans, and 2nd mortgage subordination: Emma asks which HARP closing costs are required …

HARP Loan Program and 2nd Mortgage Refinancing 
Ask Kate about your HARP loan program and 2nd mortgage refinancing problems: Meet three homeowners who are trying to refinance second mortgages. Mike …

How to Refinance Your Home in Spite of Challenges 
Ask Kate how to successfully refinance your home in spite of challenges: From senior citizens with underwater mortgages to refinancing your home after …

FHA Streamline Refinance Occupancy Guideline 
Ask Kate about FHA streamline refinance vs occupancy guideline: Immediately after Tracy refinanced her owner-occupied home with the FHA streamline program, …

Underwater Real Estate Investor Loans 
Ask Kate how to refinance underwater real estate investor loans: Danny's HARP 2.0 banker says he has too many investment properties. Kimberly considers …

Refinancing My Home in Husband's Name 
Is refinancing my home in my husband's name a smart plan? Gayle inherited a home from her parents. Due to life's twists and turns, she financed it with …

Four Mortgage Refinancing Questions 
Ask Kate answers four mortgage refinancing questions: Linda asks if paying down their mortgage balance by $30,000 to lower their payments is advisable. …

Pay Off Mortgage Early vs Refinancing 
Which is best? Pay off your mortgage early vs refinancing: Hello Kate, I have 4.10 years left on my 15 year mortgage at 6.5%. The remaining loan …

Cautionary Cash Out Mortgage Refinancing Tip 
Ask Kate: Cautionary Cash-Out Mortgage Refinancing Tip! Hi Kate, it is nice to know that there is someone out there that has taken the time to answer …

Discrepancy in Home Appraisal Value 
Ask Kate about Discrepancy in Home Appraisal Value: Hi Kate, We were refused the initial amount requested for refinancing due to approximately a $10,000 …

How to Refi Underwater Mortgage with PMI 
Ask Kate how to refi your underwater mortgage with PMI: Hi Kate, What an awesome website you have created, loaded with useful information for lost homeowners …

Ask Kate About Hidden Cost of PMI 
Ask Kate about the hidden cost of PMI (Private Mortgage Insurance): Hi Kate, I am refinancing my home that I bought in 2010. I do not have any money …

Cash Out Refi Declined 
Ask Kate about cash out refi that was declined and relocking the mortgage rate: Hi Kate. Great site. I just had my loan application declined because …

Caught In A Balloon Payment Mortgage 
Ask Kate - Caught In A Balloon Payment Mortgage: Dear Kate, Over the last few years we skipped mortgage payments, paying when we could, and ended up …

Why Is FHA Loan Refinancing So Difficult 
Ask Kate why is FHA Loan Refinancing so difficult: Kate, I'm trying to refinance my house for the fourth time over a 23 year period. I realize that the …

Problems With No Cost Refinancing 
Ask Kate about problems with No Cost Refinancing: Kate, Can you explain how my lender began with a no cost mortgage refinance and surprised me by asking …

Dreaded IRS Form 4506 and Mortgage Refi 
Ask Kate about the dreaded IRS Form 4506: Kate, The lender offered us a no appraisal, no proof of income mortgage refi. They said we wouldn't need to …

Expired Mortgage Rate Lock 
Expired Mortgage Rate Lock: Hi Kate, My husband and I decided to take advantage of the low mortgage interest rates to refinance our home from a 30 year …

Mortgage Refinance Problems After Closing 
Ask Kate about mortgage refinance problems after closing because of a toilet and sink: We closed on our cash-out refinance last week. On Monday, the …

FHA Streamline Refinancing 
Ask Kate about FHA Streamline Refinancing: We had to move out of our property because of a work relocation. We want to use FHA streamline refinancing …

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Pros And Cons Of Refinancing 
Ask Kate about the pros and cons of refinancing my mortgage: Hi Kate, My home loan is with a major bank. I owe $126,000 at 6%. But my house is only worth …

Home Affordable Mortgages For Self Employed 
Ask Kate about Home Affordable Mortgages For Self Employed: Hi Kate, I have 1099 income and am being Punished for IT!! I am a Real Estate Broker in Oklahoma, …

HARP Refinance Rates 
Ask Kate who determines HARP refinance rates: Hi Kate, We are considering a HARP refinance with our current lender. We were told that the finance rate …

Reverse Mortgage Pitfalls For Heirs 
Ask Kate about reverse mortgage pitfalls For heirs: Hi Kate, I am told to obtain a reverse mortgage, my home needs little to no equity. My concern is …

Mortgage Rate Lock Cancellation Fees 
Ask Kate about Mortgage Rate Lock Cancellation Fees: Hi Kate, In short, can a mortgage broker have verbal recorded Mortgage Rate Lock Cancellation Fees? …

The Certificate Of Occupancy 
Ask Kate how you can locate the Certificate of Occupancy: Hi Kate, I am scheduled to close on my house on Friday and need to locate the certificate of …

Relief Refinance Mortgage 
Ask Kate about Relief Refinance Mortgage Program: Hi Kate, I am trying to refinance my loan to see if I can enjoy the low rates now. I heard about relief …

Open Access HARP 
Ask Kate about Open Access and HARP: Hi Kate, We have a loan that is being refinanced through the HARP program. Does it have to be refinanced through …

Strategic Default 
Ask Kate about strategic default: Kate, I am upside down in a mortgage owing $99K with a market value $87,000. I am looking to refinance it to rent or …

Pay Off Mortgage Early 
Ask Kate how to pay off a mortgage early: Hi Kate, Thank you for this wonderful website. We are trying to get out of debt before we retire. Should we …

How To Calculate Debt To Income Ratio 
Ask Kate: How To Calculate My Debt To Income Ratio - Kate, Can I get a better interest rate? We have owned our home seven years. We have a 30 yr fixed …

Lender Paid Mortgage Insurance 
Ask Kate: Lender Paid Mortgage Insurance (LPMI) - Did my lender disguise mortgage insurance by increasing my interest rate? Hi Kate, Back in 2003 I refinance …

Home Affordable Modification 
Hi, Kate Ford here with Home Affordable Modification news. In many cities across the United States, the real estate market has suffered for several years. …

Harp Closing Costs and Interest Rate 
Ask Kate: Who determines HARP closing costs and interest rate? Hello Kate, We are getting ready to refinance and are waiting on the GFE (good faith …

Refinancing Or A Second Mortgage 
Ask Kate: Refinancing or a second mortgage We would like to pull equity out of our home to consolidate our high interest credit cards. Should we refinance …

FHA Streamline Loan 
Regarding FHA Streamline Loan and Owner Occupancy Question Kate, Firstly, I love your page, thanks so much. Secondly, I own an FHA mortgage with my …

Mortgage Refinancing Questions 
Regarding debt consolidation and mortgage refinancing questions: Dear Kate, I have a $217,000 mortgage balance at 4.89 percent until 2012. Years left …

Home Affordable Refinance Program 
Regarding HARP - Home Affordable Refinance Program : Looking to take advantage of HARP, with my current situation involving a 1st position 30 year interest …

HARP Refinance Made Impossible 
Regarding HARP refinance Made Impossible: Dear Kate, I contacted my lender (Major Lender #1) who holds my first mortgage on April 8th about refinancing. …

Get Mortgage Rate Lock In Writing 
Ask Kate why getting a mortgage rate lock in writing is not optional: Kate, I applied for a mortgage refi on April 3rd. On April 11th, I was ok'd and …

Alternative Mortgage Financing 
Ask Kate: Alternative Mortgage Financing I have an alternative mortgage financing question. My wife's family are interested in having me borrow from …

Refinancing And Mortgage Interest Rate Lock Deposit 
Ask Kate: Refinancing and mortgage interest rate lock deposit I'm in the process of refinancing my mortgage. I paid $3800 deposit to lock in the interest …

Certificate Of Occupancy Permit 
Question For Ask Kate regarding a Certificate Of Occupancy Permit: Hi Kate, I have a question about my house. Can I refinance my mortgage without a certificate …

Refinancing Problems After Closing 
I'm not usually asked about mortgage refinancing problems after a closing. But in the case of Bob and his wife, that was when their refinancing issues …

Reverse Home Mortgage 
Regarding Reverse Home Mortgage: Hi Kate, My husband got a reverse home mortgage two and a half years ago. He was 62 and I was 50. He passed away in …

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Mortgage Refinance And Rates 
Ask Kate: Mortgage Refinance And Rates My husband and I need mortgage refinance for interest rates that are lower than the 7.75% conventional mortgage …

7 Tips For Highest Property Appraisals 
Ask Kate: 7 Tips For Highest Property Appraisals Kate, I am soon to apply for a reverse mortgage and of course want my home to get the highest appraisal …

Cash Out Mortgage Refinancing for Home Improvements 
Ask Kate about cash out mortgage refinancing for home improvements: Meet Clarence whose home needs a new roof and other renovations. He asks for the …

Compare No-Cost HARP Refinance Program to Traditional Refi 
Ask Kate to compare no-cost HARP refinance program to traditional refi: Maria is considering two refinance options. Both loans are for 20 years. The …

Mortgage Lender Cancels Refinance at Closing Due to Technical Error 
Ask Kate when a mortgage lender cancels your refinance during closing: Ten days after signing final loan documents, Steven discovered his refinance had …

HARP Refinance: Surprise Cost to Lock a Mortgage Rate 
Ask Kate about HARP loan refinance and the (surprise) cost to lock a mortgage rate: Meet Lori who was informed by her lender of an unexpected $750 fee …

FHA 203k Rehab Loan and HARP Streamline Refinance 
Refinancing with FHA 203k rehab loan and HARP streamline: Jennifer's remodel turned into a bigger project than originally anticipated. Is the FHA 203k …

Affordable Home Loans vs Mortgage Desperation - Part I 
Ask Kate about affordable home loans vs mortgage desperation: Fixer upper homes often seem like a bargain for cash-strapped home buyers. But not only …

Cash Out Mortgage Refinance: Mother in Law Unit 
Ask Kate about a cash out mortgage refinance to build a mother in law unit: Maria is thinking of renting out her home which means she will need a different …

Refinance Fees: Where Did My Lender Credits Go 
Ask Kate about refinance fees, specifically who benefits when mortgage closing costs are less than lender credits: Jack was told by his broker if he …

FHA Refinance Loan: 15 vs 30 Year Mortgages 
Ask Kate about the FHA refinance loan: 30 year fixed rate or the shorter 15 year term... how do you decide which mortgage plan is best for you? Stacey …

Should I Refinance My Home to Get Rid of PMI 
Ask Kate if you should refinance your home for the sole purpose of getting rid of private mortgage insurance: Kristie, a novice at homeownership, asks …

Surest and Best Way to Refinance Your Mortgage 
Ask Kate for the surest and best way to refinance a mortgage: Steve from Florida wonders where to find an independent review for his loan paperwork before …

How and When to Refinance a Mortgage 
Ask Kate how and when to refinance a mortgage: JCR tells me although they paid the mortgage faithfully, those who have been irresponsible are getting …

Best Way to Refinance a Problematic Mortgage 
Ask Kate how to refinance your problematic mortgage: Cate can't complete her refinance because the bank who is dodging her calls won't respond with a …

HARP 2 Refinance and Clueless Loan Servicers 
Ask Kate about HARP 2 refinancing with a clueless loan servicer: No one would choose to have their mortgage payments collected by an incompetent servicer. …

Mortgage Refinance Options - No Cost vs Best Rates 
Ask Kate about mortgage refinance options: No cost refi, the best mortgage rate with reduced loan term for quicker pay-off, or the lowest monthly payment? …

How to Refinance a Mortgage and Solve Glitches 
Ask Kate how to refinance a mortgage and solve loan approval glitches: Pushing past certain home loan requirements can be time consuming and frustrating. …

How to Refinance a Jumbo Mortgage 
Ask Kate how to refinance a jumbo mortgage with 2nd mortgage HELOC: Kate, could you discuss what to do when you have a Jumbo Loan and a second HELOC …

Mortgage Refinancing Tip for Adding Co Borrower 
Ask Kate for mortgage refinancing tip for adding co-borrower: Hello Kate, I am not upside down or behind in my mortgage. My husband and I bought a home …

Home Mortgage Refi on the Fritz 
Ask Kate why a home mortgage refi goes on the fritz: Hi Kate, We closed on our home this past Monday. The refinance was supposed to fund on Friday. But …

Ask Kate How to Refinance Your Mortgage 
Ask Kate how to refinance your mortgage: Hi Kate, Have you ever heard of a mortgage lender making this a requirement of applying for a refinance? He …

FHA Mortgage Refinancing Tips 
Ask Kate for FHA Mortgage Refinancing Tips: Is FHA streamline refinance smart? What is the difference between the FHA insured mortgage and conventional …

Refinancing a Home Mortgage to Save Money I Think 
Ask Kate about refinancing a home mortgage to save money... I think? Hello Kate, For two months now we (my wife and I) have been dealing …

Cash Out Refi with Nationwide Mortgage Lender 
Ask Kate about cash-out refi with nationwide mortgage lender: Hi Kate, We had to pay off our house in cash. Now we want a cash-out refinance to help …

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Refinancing with 10 Year Mortgage Rates 
Ask Kate about refinancing with 10 year mortgage rates: Kate, I've learned more from you in minutes than I have in years about mortgage loans. I have …

Upside Down Mortgage 
Ask Kate about your upside down mortgage: Hi Kate, We are in danger of losing our home. I've seen so much different information on the web but don't …

Negotiating a Short Sale after Loan Modification 
Ask Kate about Negotiating a Short Sale after Loan Modification: Kate, will modifying our home loan through HAMP hinder our attempts at a real estate …

Disputing Low House Appraisals 
Ask Kate about disputing low house appraisals: Do I have any chance to sue this bank? I purchased my home in 2007 for $440K and refinanced in 2009. Now …

Good Faith Estimate Form 
Ask Kate about Good Faith Estimate Form vs HUD 1 Settlement Statement: I am refinancing my mortgage and down to the final stretch. On my good faith estimate …

Cash Out Mortgage Refinance 
Ask Kate about Cash Out Mortgage Refinance Rate Lock Problems: Hi Kate, I closed on my refinance last Tuesday and was advised by the lawyer (I live in …

VA Loan Refinancing 
Ask Kate about VA loan refinancing with old unpaid collections: I qualify for a VA cash out refi for construction -- disabled veteran with no funding …

Lock Or Float A Mortgage Interest Rate 
Lock Or Float A Mortgage Interest Rate? My refinance rate is 5.25 percent for a 30 year mortgage. My broker is recommending to float my interest rate. …

Monthly House Payments Making Home Affordable Refinance 
Why have my monthly house payments increased 500 dollars after my Making Home Affordable Refinance? Hi Kate, Can my mortgage company raise my monthly …

Refinancing Questions 
Ask Kate refinancing questions: Should newly married wife refinance onto husband's existing mortgage? How can a mother and son use gifts of equity to …

Mortgage Refinancing South Carolina 
Ask Kate about mortgage refinancing in South Carolina: Hello! My husband and I have filed Chapter 13 this past June and was advised by our lawyer that …

Refinancing Guidelines 
Ask Kate about Refinancing Guidelines & Occupancy Certification: Great site Super Kate! I'm working on a refinance to take cash out of a 2nd home …

Making Home Affordable Help 
Ask Kate for Making Home Affordable Help: Hi Kate, Due to the decline of home values and increase in foreclosures in my area, I now owe more than my …

Should I Refinance My Mortgage 
Ask Kate: Should I Refinance My Mortgage - Dear Kate, Thank you so much for all the great information you have in your website. As many Americans now, …

Making Home Affordable Refi 
Ask Kate about Making Home Affordable Refi and Subprime Mortgage Loans: Dear Kate, I thought Making Home Affordable Refi programs (HARP and HAMP) were …

Refinance Fees 
Ask Kate! Refinance fees! Too high? Hi Kate, I am having a problem understanding these refinance fees. Compensation From Rebate $4839 and Credit for …

Monthly Payments On Mortgage 
Ask Kate about making monthly payments on a mortgage: Hi Kate, We are extremely low on cash. I would like to skip the August 1st payment which will be …

Mortgage Down Payment 
Ask Kate about mortgage down payment: Hi Kate, If I refinance with another mortgage company do I have to pay another deposit? We paid $147k for our …

How Does Refinancing Work 
Ask Kate: How does refinancing work with PMI? Hi Kate, We are hoping to refinance but the private mortgage insurance (PMI) will sky rocket offsetting …

Interest Rate Locked 
Ask Kate about changes in an interest rate that's locked: Hi Kate, I have a signed interest rate disclosure document showing a 4.5 percent interest rate …

Mortgage Refinance Help 
Ask Kate for Mortgage Refinance Help: I recently refinanced my mortgage, and the closing took place in my home. At closing, the person sent by the closing …

IRS And Refinance Trouble 
Ask Kate About IRS And Refinance Trouble: Hi Kate, I'm going nuts. My husband and I are refinancing our 30 year fixed mortgage. We're at 6.5 percent …

HARP Mortgage Refinance 
Hi Kate, Regarding the HARP mortgage refinance (Home Affordable Refinance Program) how do the mortgage interest rates differ from conventional loan rates? …

Cash Out Mortgage Refinancing 
Regarding cash out mortgage refinancing -- Kate, I recently applied for a mortgage and provided all requested financial information. My loan to value …

Best Mortgage Deals 
Ask Kate: Best Mortgage Deals - How do you know if $7600 yield spread premium is too much to pay? Hi Kate, I'm about to close a refinance on my home. …

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Cash Out Mortgage Refinancing 
Cash Out Mortgage Refinancing - How soon can a homeowner refinance after buying a house? Hi Kate, I purchased a home (paid cash) two months ago that …

Making Home Affordable Program 
Ask Kate: Making Home Affordable Program - Can I choose my own lender and get a competitive rate for my refinance? Dear Kate, Is is true I can do a HARP …

HARP Refi 
Ask Kate: HARP Refi - Does HARP not allow adding a new spouse to a title during the refinance process? Kate, My husband and I are refinancing under the …

Mortgage Coborrowers 
Ask Kate: Can mortgage coborrowers force homeowners to refinance or sell a house? I bought my house with a co-signer who now wants off the mortgage. …

Mortgage Refinancing 
Ask Kate: Problems with HARP and Mortgage Refinancing Hello Kate, I am trying to refinance and really have no clue to what I am doing. I went through …

Refinance Confusion 
Ask Kate: Refinance Confusion - I had no intention to increase my mortgage balance by $11,000! Hi Kate, I currently have a $158,500 mortgage balance …

Refinancing My Mortgage 
Ask Kate: Refinancing My Mortgage Hi Kate, I came across your website while googling on refinance. Your website is very informative. Wonder if you could …

Making Home Affordable 
Ask Kate: Making Home Affordable Refinance Program Hi Kate, Can I refinance my second home using HARP? I am trying to refinance through the lender that …

Mortgage Co-Borrower 
Ask Kate: Mortgage Co-Borrower - How do I add my wife to my mortgage? Hi Kate, I bought my house when I was single. I am now married with a son and …

Mortgage Refinancing Questions 
Ask Kate: Mortgage Refinancing Questions Hi Kate, The bank won't give us back our money. My husband and I refinanced in April of 2009 with a regional …

No Cost Mortgage Refinancing 
Ask Kate: No Cost Mortgage Refinancing My mortgage lender has offered me a significantly lower interest rate on a 30 year fixed rate mortgage. They say …

Cost of Refinancing 
Ask Kate: Cost of Refinancing I am looking to refinance a home loan - currently I owe $96,500 on a house valued at $140,000 to $150,000 in Asheville, …

Truth in Lending Act 
Ask Kate: Truth in Lending Act and Mortgage Rate Lock Fee Hello Kate, Do you know if there is a right of rescission under the Truth in Lending Act for …

Mortgage Refinancing Advice 
Regarding Mortgage Refinancing Advice: Dear Kate, My now ex-girlfriend and I purchased a property a year and a half ago. Since the break up 5 months …

Refinancing Process Dragging On 
Ask Kate: My refinancing process is dragging on and on... Hi Kate, I originally held a 10 year interest-only loan with a nationwide mortgage …

Lowering Mortgage Payment 
Ask Kate: Lowering a Mortgage Payment Hi Kate, We bought our home in 2007 with an MHFA (Massachusetts Housing Finance Agency) first-time homebuyers loan, …

FHA Mortgage Insurance Refund 
Regarding my FHA mortgage insurance refund : Hi Kate, I just refinanced my 2 year FHA home loan to an FHA stream line loan. Then I got a homeowner's fact …

VA Mortgage Loan 
Ask Kate: VA Mortgage Loan Hey Kate, I just refinanced my VA mortgage loan down from 6 percent to 5 percent and paid about $5,000 in closing costs. My …

Private Mortgage Insurance Questions 
Regarding Private Mortgage Insurance Questions : I'm looking to refinance and was wondering which option might prove more beneficial FHA or Obama's Home …

Pay Off My Mortgage 
Ask Kate: Title Did Not Pay Off My Mortgage: Hi Kate, Title didn't pay off my mortgage on time so why is the lender coming after me? I am hoping you …

Refinancing Advice For Active Duty Marine 
Refinancing advice for active duty Marine: Hi Kate, I am a Marine stationed in Camp Lejeune, NC with my wife Samantha. We bought our home while i was …

How Can Appraised Value Get Rid Of PMI 
Regarding How can appraised value get rid of PMI: Kate, I purchased a home in 2008 for $210,114. There was an appraisal done on it near closing for …

How To Get Rid Of PMI 
Ask Kate How To Get Rid Of PMI: I am a veteran and I just bought a foreclosed home using a FHA Streamline Loan instead of a VA Loan. The house I bought …

Refinance And Choice of Closing Attorney 
Regarding refinance and choice of closing attorney: I am currently going through a refinance in Virginia. We are setting up closing and now I am being …

Locking In Mortgage Rates 
Bobbie writes about locking in mortgage rates: Kate, We purchased our house last August and at that time it felt like the mortgage rates were all over …

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Rate Lock And Mortgage Refinance Problems 
Ask Kate: Rate lock and mortgage refinance problems My wife and I recently locked in a interest rate over the phone, a 30 year fixed rate mortgage at …

Home Refinancing Questions 
My home refinancing questions: I refinanced my home over five years ago due to a divorce and took an interest only loan until I got my daughter through …

Refinancing To Fixed Mortgage Rate 
Regarding refinancing to a fixed rate mortgage : Kate, I have a adjustable loan at 4.5% on my house. Have been in the house for 5 years. Bought house …

Paying Mortgage Prepayment Penalty To Refinance 
Ask Kate if paying a mortgage prepayment penalty to refinance will be worthwhile: Hi Kate, I am 2 years into a locked in 5 year mortgage at 5.09%. Would …

Home Refinancing Tips 
I need home refinancing tips . I am 60 years old. My arm loan at 6.0% will end in October. I need to refinance. I have a second morgage of $20,000 to …

Refinancing Rental Properties 
Hi Kate, My husband and I need advice on refinancing rental properties . It all began when we purchased a home in 2001 with a subprime mortgage lender. …

Locking Mortgage Rates 
Regarding Locking Mortgage Rates: Kate, I am in the process of refinancing my condo. When I locked in the interest rate, I was not told that I would …

Refinancing My Mortgage 
Ask Kate: Refinancing My Mortgage Hi Kate, I am planning on refinancing my mortgage. I purchased my home for $780,000 with a mortgage loan of $350,000. …

PMI Calculation  
Ask Kate: It's PMI Calculation Time Hi Kate, I'm looking at refinancing our mortgage. We paid $385,000 for the home we just bought. We owe $363,000 on …

How To Compare Mortgages 
Ask Kate: How To Compare Mortgages I need help knowing how to compare mortgages. We want to refinance to reduce the interest rate and take out cash. …

FHA Streamline Refinance Questions 
Hi Kate, I talked over my FHA streamline refinance questions with my current mortgage lender. I owe $158,000 on my 30 year fixed rate mortgage at 6.75 …

Refinancing Advice For Married Couple 
Ask Kate: Refinancing Advice For Married Couple I am in need of refinancing advice. My wife purchased a home and financed with an FHA mortgage loan about …

PMI Refinancing Advice 
Ask Kate: PMI Refinancing Advice Kate, I am looking for refinancing advice concerning my 30 year fixed rate mortgage at 6.125% originated in 2007. I …

How Much Mortgage Can You Afford 
Time out! How much mortgage can you afford? Keep in mind as you read the following letter from John, it is your mortgage and your home. Don't get …

FHA Refinancing Advice Needed 
Ask Kate: FHA refinancing advice As customers of our major mortgage lender for 15 years, we want to refinance possibly with FHA. Our goal is to access …

Refinancing Mortgage Rate 
Ask Kate: Refinancing Mortgage Rate I have a question about refinancing my mortgage rate. Should I refinance to go from 6.3% down to a 5% interest rate. …

Refinancing AdviceTo Pay Off House 
Ask Kate: Refinancing Advice To Pay Off House Kate, I was talking to a friend who used a credit card at 3.9 percent to pay off his house. I owe $92,000. …

3 Important Refinance Questions 
Ask Kate: 3 Important Refinance Questions Kate, Despite the tough economy, there are plenty of opportunities available for those looking to refinance …

Mortgage Rates And Refinancing 
Ask Kate: Mortgage Rates And Refinancing Kate, I am in the process of refinancing my house. I only wish I had read your website prior to going to the …

Refinancing Advice For Low Mortgage Payments 
Ask Kate: Refinancing Advice For Low Mortgage Payments Hi Kate, Refinancing advice needed please. I have a high interest rate and I want to refinance …

Three Refinancing Questions For Friends 
Ask Kate: Three Refinancing Questions For Friends Hi Kate, I have three questions I would recommend my friend to ask when refinancing. The questions …

Need Refinancing Advice 
Ask Kate: Need Refinancing Advice Kate, can you offer refinancing advice to avoid mortgage foreclosure? My fiance got injured on his job. He has been …

Refinancing Advice Documentary Stamp Tax 
Ask Kate: Refinancing Advice - Documentary Stamp Tax Kate, I refinanced about 3 years ago in Florida. Now the state of Florida is asking me to pay some …

Refinancing Advice Break Mortgage Rate Lock 
Refinancing Advice - Do I Break My Mortgage Rate Lock Hi Kate, Two weeks ago we locked in a mortgage refinance rate of 5.25%. Normally rates don't change …

Refinancing Advice For Ethics 
Ask Kate: Refinancing Advice For Ethics Hi Kate, I am looking for refinancing advice. I applied for a refinance loan several days ago and locked the …

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Refinancing Advice Needed For Mortgage Rate Lock 
Ask Kate: Refinancing Advice Needed For Mortgage Rate Lock Here is one reader's question regarding a mortgage rate lock. With mortgage rates dropping …

Refinancing Advice For House Values 
Ask Kate: Refinancing Advice For House Values Kate, I need refinancing advice regarding dropping house values. If mortgage interest rates go down, I'd …

Family Trust And Mortgage Refinance 
Ask Kate: Family Trust And Mortgage Refinance Kate, My property is in a family trust that my grandfather left me when he died in 2005. I back in 2005 …

Refinance Decision Require Savings 
Ask Kate: Refinance Decision Require Savings My parents were trying to refinance their home. The mortgage company that they were working with told them …

Confused In Need of Refinancing Advice 
Ask Kate: Confused In Need of Refinancing Advice I am a forty eight year old female who owns her own home. I have a Home Equity Line Of Credit with a …

Seeking Refinancing Advice  
Ask Kate: Seeking Refinancing Advice I need refinancing advice because I am trying to refinance my house to get out of credit card debt and my mortgage. …

Homeowner Considers Refinancing 
Regarding Homeowner Considers Refinancing: Kate, I refinanced my home two years ago to do much needed repair. At the time I did not have a car note. …

Refinancing Advice Why Rates Change Before Closing 
Regarding Refinancing Advice And Why Rates Change Before Closing , aka refinancing advice to avoid surprises... Kate, During a refinance of …

Confused In Need of Refinancing Advice 
Ask Kate: Confused In Need of Refinancing Advice I need advice. I always get confused with mortgage lenders who have been speaking in puzzles. I currently …

Mortgage Refinance with Bad Credit 
Regarding Mortgage Refinance with Bad Credit: My husband and I financed our home at 9.35% due to credit problems. But we worked very hard to get our …

When Is It Smart To Refinance A Home Mortgage 
Ask Kate: When is it smart to refinance a home mortgage My husband and I bought our house in December 2006 with a 6.25% 30 year fixed rate, $200,000 …

Mortgage Refinancing Advice 
Regarding Mortgage Refinancing Advice: Help! I need refinancing advice! Is there any way I can refinance my mortgage if my property is valued at less …

How To Refinance and Break Even 
Regarding How To Refinance and Break Even: I need refinancing advice. My refinance was just 6 months ago into a 30 year fixed rate mortgage at 6.75%. …

Refinance Frustrations 
Ask Kate: Refinance Frustrations: Refinancing advice needed. I want to refinance and am annoyed by the bank's run-around. My wife and I are considering …

Contact Kate To Know If Refinancing Is Worth the Cost 
Contact Kate To Know If Refinancing Is Worth the Cost: Great mortgage question for refinancing advice! I am considering refinancing my home. Don't need …

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Recent Articles

  1. Kate's Mortgage Rate Report August 11: Rates Bouncing Like a Ping Pong Ball

    Aug 11, 16 10:49 AM

    Kate's mortgage rate report for the week ending August 11, 2016: Rates Bouncing Like a Ping Pong Ball
    Mortgage interest rates have been bouncing like a ping pong ball: After last Friday's strong job report began pushing up mortgage rates, the market is now hinting at a reversal, with the 30-year hover…

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  2. Ask Kate how to avoid unauthorized mortgage rate extension fees

    Aug 11, 16 10:18 AM

    Ask Kate how to avoid unauthorized mortgage rate extension fees
    Ask Kate how to avoid unauthorized mortgage rate extension fees:

    After locking in her rate, the bank sent a Texan homeowner, Laura, notification of several thousand in fees that she must pay in order…

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