Comments on: Qualifying for a Mortgage Refinance Loan http://www.bdnationwidemortgage.com/blog/index.php/2008/12/qualifying-for-a-mortgage-refinance-loan/ Tue, 13 Dec 2011 20:26:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: david simmons http://www.bdnationwidemortgage.com/blog/index.php/2008/12/qualifying-for-a-mortgage-refinance-loan/comment-page-1/#comment-193 david simmons Tue, 06 Jan 2009 21:55:13 +0000 http://www.bdnationwidemortgage.com/blog/?p=37#comment-193 I still have some equity in my house. I would like to refinace my home and pay off all my other bills and credit cards. My ficoscores are low and my credit is very poor. What can you offer for refinancing? I still have some equity in my house. I would like to refinace my home and pay off all my other bills and credit cards. My ficoscores are low and my credit is very poor. What can you offer for refinancing?

]]> By: Steven Smith http://www.bdnationwidemortgage.com/blog/index.php/2008/12/qualifying-for-a-mortgage-refinance-loan/comment-page-1/#comment-192 Steven Smith Tue, 06 Jan 2009 21:52:48 +0000 http://www.bdnationwidemortgage.com/blog/?p=37#comment-192 I have a quick refinance question. I refinanced my primary residence into my own name after my divorce in 2002 (I currently owe 132,704.00 at 6.75% fixed 30 yr on this first mortgage monthly payment = $1271.00). I have since had to take out a 2nd mortgage (a 100% equity loan which has a balance of $36,890.00 and is a 15 yr fixed rate loan at 11.75% and monthly payment of $465). Between these two loans I pay monthly $1,736.00 for a total combined loan balance of $169,594.00. I would like to refinance this into better loan terms in order to save monthly income to pay down other debt and go towards savings. I have been employed at the same company for 20 years now and earn $65,000 gross income annually. I'm very interested to try to find a way to smartly roll these two mortgage loans into one loan with lower interest to lower my monthly payments. last time I checked my FICO score was ~ 680. I have a quick refinance question. I refinanced my primary residence into my own name after my divorce in 2002 (I currently owe 132,704.00 at 6.75% fixed 30 yr on this first mortgage monthly payment = $1271.00). I have since had to take out a 2nd mortgage (a 100% equity loan which has a balance of $36,890.00 and is a 15 yr fixed rate loan at 11.75% and monthly payment of $465). Between these two loans I pay monthly $1,736.00 for a total combined loan balance of $169,594.00.

I would like to refinance this into better loan terms in order to save monthly income to pay down other debt and go towards savings. I have been employed at the same company for 20 years now and earn $65,000 gross income annually. I’m very interested to try to find a way to smartly roll these two mortgage loans into one loan with lower interest to lower my monthly payments. last time I checked my FICO score was ~ 680.

]]> By: Steve Padgett http://www.bdnationwidemortgage.com/blog/index.php/2008/12/qualifying-for-a-mortgage-refinance-loan/comment-page-1/#comment-170 Steve Padgett Wed, 31 Dec 2008 06:42:57 +0000 http://www.bdnationwidemortgage.com/blog/?p=37#comment-170 I am looking to consolidate a current variable second mortgage along with my high rate credit cards. I am a commissioned based earner and so I am thinking that I will have to go the 'stated income' route. Can BD Nationwide assist me in procuring a stated income 100% second mortgage with a FICO score of 674? If not, please let me know if another lender would be able to assistance. Is the FHA mortgage refinancing competitive with FHA lenders like, http://www.fhahomeloanrefinancing.com/ Thank you, Steve Padgett I am looking to consolidate a current variable second mortgage along with my high rate credit cards. I am a commissioned based earner and so I am thinking that I will have to go the ‘stated income’ route.
Can BD Nationwide assist me in procuring a stated income 100% second mortgage with a FICO score of 674? If not, please let me know if another lender would be able to assistance. Is the FHA mortgage refinancing competitive with FHA lenders like, http://www.fhahomeloanrefinancing.com/

Thank you, Steve Padgett

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