Comments on: Home Loan Rates WV At Your Finger Tips

By: CHRISTINA N

CHRISTINA N — Mon, 09 Mar 2009 23:38:57 +0000

Hi there,

When it comes to refinancing a home equity loan you reall have to shop around to make sure you get the best deal. You your deciding on your option you make to make sure you get the following
*Competive Rate
*Lower you repayments
* Great Customer Service

You must not forget the last point, remember your the customer and the customer is always right !!!!

Give these guys a go, I think you will be pleasantly supprised
http://tinyurl.com/yqnx37

By: Keef

Keef — Mon, 09 Mar 2009 19:32:03 +0000

Call your current lender and see what they can do for you. If you are a good client they may offer you a deal you can't refuse.

To refinance you will need a new appraisal and you may or may not have enough equity. However try your current lender before you do anything.

By: k2

k2 — Mon, 09 Mar 2009 11:26:31 +0000

By: jthagreat04

jthagreat04 — Sun, 08 Mar 2009 01:15:36 +0000

If she has a VA loan then have her call the company that holds her mortgage, see if she can get a lower rate with a new loan. They may offer some type of VA streamline refinance so it will be fast and easy and a lower rate for her.

By: jfra1972

jfra1972 — Sat, 07 Mar 2009 16:49:34 +0000

Right now the lowest you can get without paying points is maybe 5.625%. The closing costs on loans are too high to see any benefit to that. 6.125% is very good (consider rates were 14% back in the early 1980s).

Rule of thumb is that you should lower your rate at least 1.5% to make refinancing worthwhile. Preferrably 2% or more.

By: BamaboynTN

BamaboynTN — Sat, 07 Mar 2009 10:26:13 +0000

Forget the economy and interest rates in general. The question is, what's best for you? Compare the two scenarios, overall costs of a refi verses the home improvement loan. If you are lowering your first mortgage rate at the same time you take cash out, usually that's the winner. I'd have to have details to make a call but it's your details I need, not the economy or who won the super bowl. If you need more info, send me an email.

By: johnny

johnny — Fri, 06 Mar 2009 17:38:46 +0000

Stay where you are ! That is a great rate! Unless you want to consolidate debt or you are in an ARM, don't refinance.

By: Jason

Jason — Fri, 06 Mar 2009 16:52:08 +0000

4.875%-5.00% (on a 30 year mortgage) is about the lowest going rate right now. Alot is factored into that rate but that's what you're looking at for rate.

You can refinance up to 97.75% of the value of home.

hope this helps. Good luck.