Posted on: 09th Feb, 2011 11:23 am
It is my mother's home (she lives there) but it is in my uncle's name (does not live there). The home is valued at approx. $469K and balance on current mortgage is currently just under $200K. I realize that refi rates are slightly higher for non owner-occupied, but the goal is to lower payments as much as possible (current rate: 6.75).
This is not a hard deal. All banks have this loan.
Ask a friend or relative to refer you to a lender they have used in the past and was happy with
Ask a friend or relative to refer you to a lender they have used in the past and was happy with
Thanks Tom....I'll look into it!!
the property is in your uncle's name.
are you inquiring for him to refinance?
two family, investor 30 year fixed rate today in neigborhood orf 5.500% and one point or 5.750% and zero points.
the mortgage is under $200,000. what balance did the mortgage start at? we know the rate is 6.750%, but, we do not know the current principal and interest payment becasue we do not know the starting balance.
are you inquiring for him to refinance?
two family, investor 30 year fixed rate today in neigborhood orf 5.500% and one point or 5.750% and zero points.
the mortgage is under $200,000. what balance did the mortgage start at? we know the rate is 6.750%, but, we do not know the current principal and interest payment becasue we do not know the starting balance.
