NorthCarolinaNow asked:


We bought a house last year with two mortgages. Because we only put down 10% for the loan, having the second mortgage of 10% of the loan, this way we don’t have to pay for the insurance. This second mortgage has an interest rate of 9.75% while our other mortgage is at 6%. We want to refinance this second mortgage to a lower rate. Can we do that? Is there anything that preventing us from refinance just this second mortgage? There is no early payment (repayment) penalty on both of our mortgages. Thank you very much for your help.

Mathew

cjburl2@yahoo.com asked:


I’m looking for about 35k to 40k second mortgage; 133k in equity but low FICO scores. I need help for a short term (possibly 6 months) and I will pay whatever interest rate is required.

Tracy

Hannahbelle asked:


We have a second mortgage on our home. The interest rate varies between 7 & 8 percent. Would we be better off to take money out of an annunity (tax free) and pay this off or leave it in and draw 3% interest? Thank you.

Melanie

Christopher asked:


Would I have the best gains with my current 30 fixed at 8 % or put myself in a better position by getting a reverse mortgage for now, knowing that I am going to sell in four years? I am 72 and my payment is 488.00 excluding taxes and insurance. The cost of the reverse mortgage is 7 grand, and the interest rate can go as high as 14.8%.

Sue

Ashley B asked:


I want to refinance my current auto loan, and i don’t know alot about refinancing because i never did it before. First, how many payments do i have to make on time before i can check with different companies about refinancing? Some people have told me you can refinance after 6 months of on time payments. Second, how much will my payments or interest rate drop from my current rates? Third where is the company/bank to go for refinancing?

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luvwknd . asked:


I am attempting to refinance a 2006 model auto with a different institution for a lower interest rate however, this institution wants a power of attorney over the vehicle. I’ve had hundreds of auto loans and have NEVER given a POA to the lending institution - so why now?

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Derrick W asked:


I want to refinance my current auto loan, and i don’t know alot about refinancing because i never did it before. First, how many payments do i have to make on time before i can check with different companies about refinancing? Some people have told me you can refinance after 6 months of on time payments. Second, how much will my payments or interest rate drop from my current rates? Third where is the company/bank to go for refinancing?

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SCOTT R asked:


The IRS sets a minimum rate that can be charged for a home mortgage. That number has a special name which escapes me. Anybody know?

Thanks

Bessie

vinz asked:


I am about to lock our application for home mortgage. before it, i would like to know if there’s still a chance for it to go down? Please help! Is it good to lock now or not yet? the last time we went to the lender, the interest rate is 6%.

Cory

vicprobey asked:


I’m looking at some property in Panama and heard that a loans for foreign investors are plentiful. I’m having trouble finding a rate because Panama beach, FL keeps messing up my searches.

What kind of interest rate can I expect for a 2nd home mortgage in Panama?

Javier