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Mortgage Refinancing and Equity Options: Use your home as your personal loan resource. Apply for a low interest 2nd mortgage loan. A home equity loan can be used to pay for home remodeling to improve your home's value, or as a debt consolidation loan to payoff bills and get rid of high interest fees or to buy a boat or RV or to go on vacation.

Before you apply for 2nd mortgage refinancing, use our mortgage refinancing calculator to calculate the new long term monthly payments. In addition to providing money that can be used as an unsecured debt consolidation loan to payoff bills, a mortgage refinance loan can be used for any reason.

Learn about a joint mortgage loan, the benefits of a reverse mortgage and the options for a nonhomeowner debt consolidation loan. Get all the facts and carefully review the terms and conditions before you submit your mortgage refinancing application. Browse for more mortgage refinance resources.

 

Reverse mortgage - Information about the benefits of a reverse mortgage.

Home equity loan - Refinance your first mortgage and take cash out at closing.

Home remodeling loan - Use your home's equity to finance a remodeling project and increase home value.

Mortgage refinance loan - For a home equity line of credit, you may want to think about a traditional second mortgage loan.

Mortgage refinancing - Read the benefits of mortgage refinancing.

Mortgage refinancing calculator - Calculate your new mortgage payments.

2nd mortgage loan - Equity cash loan, debt consolidation, remodeling and other uses.

2nd mortgage refinancing - Apply for a lower interest rate and/or lower payments.

Mortgage Refinancing Advice

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Mortgage Loan Payoff

Free Tips to Prevent Foreclosure

Mortgage Equity and Mortgage Bankers

Equity for Retirement

Home Remodeling Loan

Reverse Mortgage Loan

Home Remodeling Loan

Home Equity Loan

2nd Mortgage Loan

  

  

   

    

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Interest rates: National averages of credit card, mortgage, refinancing and auto loan interest rates.
  

                 

  

Apply online for a home remodeling loan. Get a free equity loan quote from multiple lenders and see if you qualify for the lowest home improvement loan rate.

   

   

   

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A government home remodeling loan is limited to a maximum loan amount of $12,000 per family unit. But with the Credit Federal network, you can get a home improvement loan for up to $100,000 or more.

The Federal Housing Administration (FHA) makes it easier for consumers to obtain affordable home improvement loans by insuring loans made by private lenders to improve properties that meet certain requirements. "Lending institutions make loans from their own funds to eligible borrowers to finance these improvements."

The Title I program insures loans to finance light or moderate home remodeling, as well as the construction of nonresidential buildings on the property. This program may be used to insure such loans for up to 20 years on either single- or multifamily properties. The maximum loan amount is $25,000 for improving a single-family home or for improving or building a nonresidential structure.

For remodeling or improving a multifamily structure, the maximum loan amount is $12,000 per family unit, not to exceed a total of $60,000 for the structure. These are fixed-rate loans, for which lenders charge interest at market rates. The interest rates are not subsidized by HUD, although some communities participate in local housing rehabilitation programs that provide reduced-rate property improvement loans through Title I lenders.

FHA insures private lenders against the risk of default for up to 90 percent of any single home remodeling loan. The annual premium for this insurance is $1 per $100 of the amount advanced; although this fee may be charged to the borrower separately, it is sometimes covered by a higher interest charge.


Regardless of bad credit or no credit, our multiple lenders want to offer you a home remodeling loan at the lowest interest rate possible. Applications accepted from all credit types.

 

Learn more about home mortgages, and read our articles related to a home remodeling loan.



Review Disclaimer: Review information was gleaned from the website, and is neither an endorsement by us nor an confirmation of content nor a warranty of any promises made by the website. Use the review information at your sole discretion and sole liability.
 

GuaranteedRate.com Review - New Home Purchase Loan and Refinancing. Copyright © 2000-2010 Guaranteed Rate. All rights reserved.

Guaranteed Rate was founded on the simple idea of building a mortgage company focused on serving the best interests of our customers. Our straightforward business model is structured to provide our customers with the right products, lowest rates and un-matched service. Today, we're one of the largest independent and fastest growing mortgage lenders in the country, licensed in 43 states, with over 1,100 employees and $6.9 billion in mortgage fundings in 2010 alone. While in recent years banks have made the mortgage process more cumbersome and decreased their overall lending, Guaranteed Rate has increased lending and streamlined the entire mortgage process helping growing numbers of consumers buy or refinance their homes. We continually invest in technology and employee training to simplify the entire mortgage process for our customers from application to closing. These investments yield higher productivity, faster closings and satisfied customers who return to us again and again for their mortgage needs.

At Guaranteed Rate we have created an exceptional work environment that allows our employees to focus on optimizing the mortgage experience for you. We have built a team of industry-leading mortgage professionals from whom we expect and receive the best. We provide our employees with the tools and lifestyle to help and assist our customers as well as achieve their own personal goals. 

Guaranteed Rate is here to help you. Get acquainted with us by going through our website; find useful tools like this daily comparison of interest rates, mortgage calculators and this breakdown explaining the loan process. We're here to help -- and your Loan Officer is ready to answer all your questions and address your concerns. Thank you for visiting our website and considering Guaranteed Rate for your mortgage needs. 

Purchasing A New Home
One of the most important steps in buying a new home is securing a home loan – and at Guaranteed Rate, we’re here to make sure everything’s covered so you can focus on your move. The home buying process can seem complex, but with the help of your Guaranteed Rate loan officer, you’ll learn how easy the journey can become. When you speak with your loan officer, you’ll discuss down payment options, your current financial overview, credit history, and long-term goals.

Refinancing A Mortgage
When you refinance your home loan with Guaranteed Rate, you’ll lower your monthly payment and could save thousands of dollars over the life of your loan. In this ever-changing economy, people are looking to save rather than spend – and refinancing your home loan when mortgage rates drop is the fastest, easiest and most rewarding method to lower your monthly costs. Check-out our calculators and see if you could save money now by refinancing. Remember that various market swings affect mortgage interest rates, so stay in constant contact with your loan officer for the latest updates.

For example, say you bought a home last year for $300,000 with a 5% interest rate and carry a remaining balance of $275,000. Your estimated monthly payment would be around $1,476. If you could refinance to a rate of, say, 4.5%, you could potentially obtain a new monthly payment of $1,340. This could lead to a savings of $136 per month -- or up to $8,160 over the next five years!

Guaranteed Rate, Inc.
3940 N. Ravenswood, Chicago, IL 60613
1-866-934-RATE (7283)




Review Disclaimer: Review information was gleaned from the website, and is neither an endorsement by us nor an confirmation of content nor a warranty of any promises made by the website. Use the review information at your sole discretion and sole liability.
 

BridgeMortgages.com Review

Bridge Mortgages provides low rate home purchase loans, with 100% home loan financing, 80-20 combo mortgages with options for adjustable rates, interest only, or fixed interest rate terms of 30 and 40 years. Bridge Mortgages is an experienced lender from California, who offers loans in 44 states. Our experience has led us to innovative mortgage products for 1st time homebuyers.

Purchasing home is stressful enough, without having to worry about financing this investment. We deliver affordable purchase loans that will meet your expectations. When you are ready to become a homeowner, let Bridge Mortgages help you with 100% of the financing.

Bridge Mortgages provides the following purchase loan products with fixed or adjustable rate payment options:

Home Purchase Loans to 103% - Preserve your cash-flow. You can finance the cost of buying the house and keep your money in the bank.

Jumbo Home Loans - You can finance homes with jumbo mortgages from $417,000 up to $2,000,000 and still qualify for a competitive low rate that works within your budget.

Poor Credit Financing - Available from 500 credit scores and up, Bridge Mortgages offers people loans 1-Day out of Bankruptcy. If you are a homeowner with credit card debt, or an adjustable rate mortgage, look no further.

80-20 Combo Loan - You can avoid PMI (private mortgage insurance)& keep your savings in your bank. These 1st & 2nd combo loans offer an 80% first and 20% second mortgage that close concurrently for your home purchase.

FHA Home Mortgages - Take advantage of little or no money deposit requirements with these popular government loans. FHA guarantees their loans and the credit requirements are much easier than the conforming loans of Fannie Mae and Freddie Mac.

Bad Credit Lender - 100% Mortgages - Refinance Home Mortgage Loans: Bridge is a bad credit lender that provides home mortgage loans, 100% mortgages and refinancing countrywide with, VA loan, FHA purchase and no cost home loans. With over ten years of experience as a mortgage lender, we are able to offer the lowest 30-year fixed mortgage rates online. Choose from FHA, VA, conventional home mortgages and debt consolidation for good people with a questionable credit scores. Apply Now! We offer prime and sub-prime home loans, but our mission is to find a home loan for everyone regardless of their good or bad credit history.

Debt consolidation loans have helped thousands of our clients reduce their monthly expenses with lower fixed rates that bring their payments and obligations down to an affordable level. Bridge Mortgages provides homeowners a complete solution with debt consolidation loans for first or second mortgages. Our consolidation loan options were created to help you lower your monthly payments and pay off high interest debts like credit cards and consumer loans.

Lower Payments with Consolidation Loans with Fixed Interest Rates: Bridge Mortgages now offers consolidation loan products that require almost no equity in your home. Consolidate debts and borrow up 80 to 100% now! Homeowners can consolidate debt and wrap all of your bills into a loan with fixed, simple interest rates that may offer additional tax incentives. Tax deductions should not be taken lightly, because they can save you money and debt consolidation loan opportunities are not available to all consumers any more. 

Choose between refinancing and home equity loans to get cash out for multiple purposes. Bridge Mortgage is a countrywide lender who provides online home equity loans for debt consolidation and 100% home equity loan refinancing. Borrowers can get cash out of their home for consolidating bills and financing business ventures or home improvements. Home equity loans provide new opportunities for homeowners to get a loan without having to go through the home refinancing step of revising their first mortgage.

* Closed End 2nd's
* Open End Lines of Credit
* Interest Only Home Equity Credit
* FHA - 95% CLTV's to w/580 Score
* Loan amounts up to $500,000 w/ 700 Score
* Fixed Home Equity Loans
* Reduced Documentation Available
* 2-4 Units & Condo's Available
* 2nd Home and Non-Owner Occupied Available
* No Equity Loan Refinancing
* Home Improvements Loans

877.236.3836

Loan Origination Center
9450 Mira Mesa Blvd
Suite B
San Diego, CA 92126



Average Closing Costs to Refinance a Mortgage


Refinancing your home mortgage could be a huge benefit, especially if you can get a lower interest rate or to use your home's equity to pay off high interest bills. But don't forget about the costs associated with this process. Depending upon your location, you may pay about 3% to 6% of the principal of your loan in closing costs.

Here are some of the mortgage refinancing fees to be aware of:

Appraisal
Just as when you had first bought your home, when you refinance you will most likely have to undergo another appraised at your expense. Lending Tree estimates appraisal costs at $225 to $450.

Fees
Three of the most common fees in a refinance are the application fee, the loan origination fee and the home inspection fee. The application fee is the money you pay to have your application processed, which the Home Buying Institute estimates to be $75 to $300. The loan-origination fee is one of those murky terms, but it basically entails the amount of work your lender puts in to evaluate your loan application and prepare it for the underwriter. This fee is about 1 percent of what you're financing. Your home may or may not need to be inspected, depending on the requirements of your lender. But if your home must be inspected, expect to pay $175 to $350, according to Lending Tree.

Credit Report
The credit report fee sometimes is rolled into the application or loan-origination fees. But either way, your lender will charge to pull your credit report to determine your worthiness for the loan. This charge is small. The Home Buying Institute estimates the cost at $15 to $30.

Title Search
Most lenders won't use the title search that was conducted during the initial sale of your home when doing a refinance. They will usually order a new one. The title search examines the property's history to confirm legal ownership and find any claims or liens against the property, such as a lien from a previous owner. According to Lending Tree, this fee can be $450 to $600 and usually includes title insurance. Title insurance covers you against losses caused by discrepancies in the title or against challenges to your ownership due to issues like fraud, forgery and probate issues.

Legal Fees
You probably didn't hire a lawyer to look over your refinance paperwork before you signed it. No problem. Your lender did and passed the cost on to you. Your lender's attorney looked over the paperwork to make sure everything conformed to current lending standards and approved the closing paperwork for the lender. This cost is usually $75 to $200.

Other Costs
If the lender wants a survey of the property, you can be charged $125 to $300 for that service. If you live near a flood zone, your lender may require a determination of whether you need flood insurance. This evaluation can cost around $20. If your lender needed a courier to get your paperwork to you, that cost can be passed on to you and run up to $30.

 

Getting a mortgage loan after foreclosure

Buying a home is a challenging goal for most hopeful homeowners. But for those who have experienced a bankruptcy, foreclosure or short sale, the hurdles are even higher.

Still, it's not impossible to buy a home after an adverse financial event, says Dan Keller, a mortgage banker with Hometown Lending in Everett, Wash. In fact, Keller says, people who have cleaned up their credit and are otherwise qualified to get a mortgage can buy a home as soon as they have outlasted a prescribed waiting period after the bankruptcy, foreclosure or short sale.

Be patient a while: The waiting period can last one to seven years, says Kirk Chivas, chief operating officer at First Commerce Financial in Wixom, Mich. The one-year requirement applies to buyers who completed a Chapter 13 bankruptcy, have a spotless subsequent credit history and want to get a new loan insured by the Federal Housing Administration, or FHA, or guaranteed by the U.S. Department of Veterans Affairs. The seven-year requirement applies to buyers who experienced a foreclosure and want to get a new conventional loan that can be sold to Fannie Mae or Freddie Mac

Home loan borrowers must have very clean or perfect credit histories before they can buy homes after bankruptcy, foreclosure or short sale. A slip-up as small as one late credit card payment could disqualify a post-bankruptcy buyer from some loan programs, even if the waiting period has been completed.

Tips:

Save money for a down payment. People looking for home loans after a foreclosure will likely need to make larger down payments. For this reason, you must save every penny you can. If you have any "toys" like boats or four wheelers, you may want to consider selling them. People looking for home loans after foreclosure will need to prioritize. What is more important, a new house or the toy? For many people that want a home loan after a foreclosure, it's an easy choice. If you cannot part with these items, plan to put away as much money as you can into your savings account each and every month.

Improve your credit score. Home loans for people after a foreclosure are much easier to get when you have made improvements in your credit score. For many, this is a long-term proposition. Keep in mind that there are some things you can do today that can make a big improvement in your score. If you request a copy of your report, you can pay off all accounts in collections. In addition, you can dispute any errors you find. People can often get home loans after a foreclosure by making the needed improvements in their rating. Sometimes, the boost you get using these methods may be enough to get approved.

Shop around for lenders. People can get home loans after a foreclosure this way. Just because one the lenders won't approve you for a new house, doesn't mean none of them will. Consider checking out online house lenders. You'll find that many online house lenders have much looser funding requirements. People looking for a home loan after a foreclosure will need to keep their options open. Don't be afraid to check out many lenders; you only need one to say yes to get your new house.

Meet with local banks to show them the improvements you've made. If you have maintained a good relationship with your bank, likely not the one that took your house, you may be able to pull it off fairly quickly. Show what you've done to improve your situation. This could include the improvements in your credit ranking, the money you've saved and the bills you've paid.

 

Apply for a home equity loan, or view options for a traditional second mortgage loan to pay down debt, for remodeling, or for any reason.
Apply online for a home remodeling loan to increase your home's value.
Mortgage bill aims to safeguard the nation's two largest mortgage finance companies; Fannie Mae and Freddie Mac, and to help troubled borrowers avoid foreclosure. Get free lender quotes for a 2nd mortgage refinance loan or an equity loan to pay bills, to remodel or any reason, or apply for a new home loan.
Even when mortgage interest rates are high, you may still benefit by refinancing such as by raising your home's value through remodeling loan improvements.
Want a new kitchen, bathroom? Need a new roof, patio, or an addition? Free tips and home remodeling loan application.

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