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Refinance

I currently have a home with 19 years left on a 30 year FRM at 6.25%. I have paid off 100k of the original 325k, and currently have a credit score of 765. What are some comparable rates I could expect for my new loan? by steven_852_898 from Fontana, California. Nov 28th 2011 Reply


Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 593 contributions

Rates are in the high 3's and low 4's. It depends on the financing your are looking for. We offer 30 year, 15 year etc. give me a call and we can talk about what loan is best for you. 510-301-1827 Jesse Stroup

Nov 28th 2011
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Marcus Buchanan (mbuchanan)
#313 ranked lender in California - 28 contributions

Steven, The Rates are great, is this a owner occupied or investment. Please contact me via email mbuchanan@paramountequity.com or 707-636-3220. I prefer to get more details before i quote rates. thanks.

Nov 28th 2011
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Rudi Hofmann (CaPortfolioLoans)
#282 ranked lender in California - 380 contributions

You need to provide more information. See "Risk-Based Pricing" on my website. .... Happy funding, Rudi

Nov 28th 2011
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Nicholas Moss (Nmoss@dfgbancorp.com)
#225 ranked lender in California - 4 contributions

you will be looking at 3.375 15 yr fixedor 3.75% 20yr fixed. Also you have to be in this critria.325K value225K Loan amount740+ FicoFull Doc

Nov 28th 2011
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Crestico Funding (CresticoFunding)
#317 ranked lender in California - 340 contributions

Hello Steven,Refinacning just becaues the rates have dropped might not be the best solution for you unless you can afford slightly higher monthly payments if you refinacne into a 20 years loan. Currently the 30 and 20 years fix loan rates are around 3.75% - 3.875% APR if you have 25% equity in your property and can provide income documents. If you need any additional help or more information please do not hesitate to call or email us directly.Houtan Hormozian310 933 4748Houtan.Hormozian@Crestico.com.

Nov 28th 2011
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Jedd Nabonsal (jeddnabonsal)
#523 ranked lender in California - 27 contributions

You'll need to provide information on the other important issues such as your type of employment/income etc. We'll also need to show you have a few months housing payments saved in the bank. Once you know you will qualify, you could get the rate all the way down to 3.75% on a 30 year fixed for at least 2 points and the customary closing costs. For a rate of approx. 4.25% you could get that rate for no points and no closing costs.3.875%, 4.00%, 4.125% are all also available on a 30 yr. fixed for a range of fees associated with that rate. The lower the rate, the higher the fees. I'd love to discuss this more with you. JeddNabonsal@gmail.com (310) 433-1703 PinnacleBancorp Los Angeles NMLS # 348668

Nov 28th 2011
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

Best advice I can give you is to contact a local mortgage broker, not a bank, and apply with them.. once they see the complete profile, they would be able to get you a written estimate. WilliamAcres.com

Nov 28th 2011
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Anthony Hood (tony@equityinvestmentcapital.com)
#179 ranked lender in California - 1,141 contributions

To give you an accurate quote, what is your property value?if you have 30% equity you will be looking at a 10 year fixed rate at 3% with closing cost around 3-3,500.00 with a payment of $2,172.62Or a 15 year fixed at 3.125% with the same closing cost and a payment of $1,567.37

Nov 29th 2011
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Blake Kleckner (BlakeK)
#391 ranked lender in California - 261 contributions

You, obviously, have been making extra payments during the past 11 years because at a 6.25% interest rate your loan balance should be about $267,300. Good for you!Based upon your info, the monthly P&I payment on your loan is approximately $2,000. You can now get a 20 year loan with a monthly payment of about $1,350/mo., saving you $650/mo., or a 15 year loan at $1,595//mo., saving you $405/mo. I can do either of these loans for you at absolutely no cost--no points, no fees with a few of our 39 quality lenders. I do this for my clients on a regular basis.With a 20 year loan or 15 year loan, you can save roughly $132,200 or $169,100, respectively, over the life of these loans compared to the cost of keeping your existing loan for another 19 years. Of course, with the 15 year loan you will pay off your home in 4 years less time. The choice is yours, Steven. Either way, you will save a bundle of bucks. Please call me at 626-796-7712 or 626-644-2020 so I can assist you with your decision about your loan.

Dec 2nd 2011
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