Jay Conners asked:


If you are a mortgage broker or loan officer looking to purchase mortgage leads, your best bet for a quick turn around time on a mortgage is with the refinance mortgage leads provided by mortgage lead companies.

This is not to say that you can’t have a quick turn around time with purchase mortgage leads, you can. But, as you well know, refinancing a customers mortgage can be done in a very short amount of time. Some as little as three weeks.

Here is something to consider when looking around for mortgage leads and mortgage lead companies.

Keep an eye out for the mortgage lead companies that sell their mortgage leads fresh or in real time.

It is pretty much pointless to purchase a refinance mortgage lead that is weeks or even days old.

Most likely the customer is already working with another loan officer or mortgage broker and is half way through the mortgage process.

Also, make sure you find out how the mortgage lead companies obtain their mortgage leads.

Look for the mortgage lead companies that obtain their mortgage leads through web sites they own and operate.

Otherwise, they are obtaining the mortgage leads from third party mortgage companies and recycling them.

The last thing you want or need is a mortgage lead that has gone through the hands of half a dozen or more loan officers and mortgage brokers.

Remember, you work very hard for your money, so be sure that when you invest with a mortgage lead company that you will be getting what you paid for and closing deals.



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jebfowler asked:


current house payment is 650. What’s better financially, paying an extra 500 per month on our 30 year mortgage or refinancing to a 10 year mortgage and paying 1150 per month? We are 3 years into our 30 year mortgage.
the 30 year has 5.75%… and i used current rates for the 10 year.

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Carrie Reeder asked:


Save even more on your refinancing by going online for your next mortgage lender. By searching for refinancing quotes online, you can tap into a larger pool of lenders.

Online financing companies also offer special deals to remain competitive, so you could potentially save thousands with a better offer. While online lenders can save you time and money, follow these tips to be sure you are getting the best deal.

1. Compare Many Lenders

It may be tempting to simply look at your favorite financing company. But to get the best rate, you need to look at many lenders, even ones that aren’t nationally known.

To make the process a little bit easier, start with a mortgage broker site. They bring together dozens of lenders for the most competitive financing packages. They will give you multiple bids that you can compare side by side. The other option is to start your search with recommended lenders.

2. Look At All The Numbers - Not Just The Rate

Many different numbers make a loan a good deal, not just the interest rate. Closing costs and fees can sometimes make a cheap loan very expensive. For a general idea of a loan’s cost, compare the APR, which includes both the closing costs and interest rates.

Also look at the fees, which can add up to hundreds. There may be annual, cash out, or early payment fees. With a typical mortgage, you shouldn’t have these fees. It is only with a home equity loan or subprime mortgage where you may run into these. And in most cases you can get them removed.

3. Give Yourself Plenty Of Time

Searching for a refinance lender isn’t a process that should be rushed. With so much money on the line, give yourself plenty of time to sort through all the numbers. By searching online, you can keep your search to just a couple of hours.

When you are actually ready to apply for your refinancing, the application takes less than fifteen minutes to complete. In a couple of days, you’ll receive your loan contract. And in two weeks you can be enjoying lower rates on your new mortgage.



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michael o asked:


I have 24 years left on 30 year mortgage. I am thinking about a home equity loan at a favorable rate, rather than roll in to refinance consolidation. If rates are favorable later this year i may like to refinance 1st mortgage at 15 years. Will home equity loan affect my refinancing even if i am not looking for any cash out.

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mickeytchs asked:


Total I brought the house for 87000 and I owe about 85000 total between the two mortgages. First mortgage has an itnerest rate of 9.5% and the 2nd is about 12%. Is this a good time to refinance. In total I am paying between 750-800 a month (not including taxes or homeowners insurance) should I refinance.

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Xiaobei asked:


Hello all,
i ‘d like to know how to best use mortgage refinance, and usually for what reasons people refinance. Also does refinance ultimately cost more? I don’t need to lower my monthly payment, so I don’t have any clear purpose in mind. It is just that I have heard a lot of different views on refinance. I hope to get some insights and analysis from you out there. Thank you.

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Cindy Heller asked:


Taking up a refinance mortgage loan, also referred to as a second mortgage, may at the start seem daunting. Nevertheless, if you use a methodical approach, it will be as easy as 1-2-3.

Prior to taking out a refinance mortgage loan, you should decide precisely why you want to do that. A home loan could be compared to buying a vehicle. While countless options exist, only a few seem right for you. A choice of varieties of mortgages satisfies various needs of the customer.

In particular, conclude how long you plan to remain in the house. More often than not several options can be presented to you, if you want to take out a refinance mortgage loan. Keep in mind that while a mortgage loan for refinancing those changes monthly or yearly will boast of a particularly low rate that may not be in your best interest.

Even if you are positive that you want to refinance your home you still have to take time and make the most of the process. The first thing you should do here is get to identify what the present refinance rates are, in order that you can decide whether or not it is going to even be worth it for you to refinance your mortgage.

You have a handful options when you want to find out refinance rates, and the two best resources that are going to be accessible to you here are the Internet and your bank. The Internet offers an assortment of different companies that help you to find the lowest refinance rates on the market, and generally for free. The goal of these companies is to assist borrowers find the best mortgages or loans to suit their individual needs.

Refinancing your home can be an extremely beneficial and financially rewarding option. Mortgage refinancing involves paying off your previous mortgage debts with a new loan, even though you usually only do this if you are going to be offered a lower interest rate than the one you started with the intention that you will be saving money, both initially and long-term.

This is the vital advantage of home refinance, and the mortgage loans come with two types of interest rates: fixed rate and changeable rate. If you refinance your home, you also comprise the option of switching from a fixed rate to an adjustable rate of interest; either is going to result in being more profitable for you.

If you are in search of a quick low interest refinance mortgage interest rate, the Quicken Loans Company is absolutely one to check out. They are indeed recognized as being the nation’s largest online mortgage lender and they recommend mortgages in all 50 states. They at the moment have more than 4,000 passionate home loan experts working for them, all who are devoted to getting you into the home of your dreams.

They have over 22 years of mortgage lending experience so you be acquainted with they have the expertise and knowledge that you are looking for, and they are accepted as being the preferred mortgage lender for several of America’s top companies including AT&T, Google, Yahoo!, Compuware, EDS and more.

They make sure in dealing with every single client and they are able to process your loan in as little as 15 days. They are certainly a great company to go to if you are looking for the lowest refinance mortgage interest rate, and they in fact offer more than 150 different loan programs, ensuring that you are able to get the specific loan that you are looking for.

This is one more great company that you may want to try out for the lowest refinance mortgage interest rate. They are proud to be one of the foremost mortgage refinancing companies in the world today and their loan network provides you with free mortgage quotes for debt consolidation, low rate refinancing, and acquisition home loans.

If you take the time to check out what the current average refinance mortgage interest rate is and have determined that at this time would be a good time for you to refinance your home, in that case it is definitely something that would be beneficial for you to go through with. You can make use of the extra money from refinancing your mortgage to pay off other bills, put towards an investment, or even just keep it as pocket change.

To or Not to Refinance

After investigative refinance mortgage rates, you may come to a decision to refinance. The best way to get hold of the rates is by visiting several web sites that offer the service. In addition, you could learn about refinance mortgage rates from lenders in your area. In conclusion, another option is to ask your current lender if some of the closing costs could be relinquished.

When refinance mortgage rates have dropped low, you will have more than a few options. Think about if refinancing will provide you with significant savings.



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rob asked:


I have a 30yr mortgage that i have had for 3 years. I want to start over with the 30 years. What would the fees be to do this?

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Patrick Flouster asked:


Any person who possesses any real property does never want to part with it if not really there is a need of it as the real property serves as a security to them. When you are in a need of additional funds and there is no source other than the loan facilities from where you can manage to arrange for the required amount then you opt for a mortgage loan as you can place your property as a guarantee against the loan and get back your asset after the total repayment of the loan has been completed. But sometimes it gets difficult to repay the mortgage loan due to deficiency of funds or you may require more funds to cater your additional expenses.

Refinance mortgage is the facility which is so arranged that it takes over the earlier loan and provides you with a second one with the altered terms and conditions of the previous loan or it is altogether a new loan with new rate of interest. Since refinance mortgage is a secured loan it would enable you to obtain a large amount but you should keep the fact always in your mind that your asset is kept with the lender which has to be released on repayment of the loan. So the amount of loan should be as much as it can be repaid easily and on time. To acquire a refinance mortgage loan you would have to survey the market to know all the availabilities and their respective terms and conditions like the amount of loan, the rate of interest at which the loan can be acquired, the time period to repay the loan and other applicable charges if there are any. After the survey you would be capable to choose the best among them that would suit your budget and your requirements. The best selection would be the one with minimum rate of interest and smallest monthly installments so as to make it easy and comfortable for you to repay.

Refinance mortgage can be acquired by complying with all the requirements which can be either done online or by going to the lender in person. If you are the one among those who hold a bad credit status then you need not worry as to how to arrange for the necessary funds, as refinance mortgage would also provide you with a loan if complied with their requirements and after a credit check is done by the lender. It is not necessary for you to be a homeowner as you can acquire the loan against any property not necessarily a house. It is very simple to acquire a refinance mortgage as you only have to provide your personal and work details along with the requisite form filled in. Sometimes with these you would be required to submit the documents related to the earlier loan so as to make it easy for the lender to grant a refinance mortgage loan. After all the details submitted by you are confirmed the loan would be sanctioned and the amount shall be transferred to the bank account as specified by you. So you should have an active bank account for an easy access to the loan obtained.

Since refinance mortgage takes over your earlier loan it would be easy to repay on time, but in case if this not possible then you would be required to inform the lender at least ten to fifteen days in advance so that an extension can be facilitated to you.



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twobearcatz asked:


Does any such organization exist in this thievery invented by jews? It seems no matter what my credit score is I ALWAYS will get dinged on either a) closing costs b) rate or most often BOTH! Then, when you really play hardball with the banks they typically tell you they’ll only do an ARM or something, anything less than a 30 year fixed rate mortgage. What gives? Where is the deal? I couldn’t even find such a deal when they said rates were so good 3 years ago!.

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