Posted on: 09th Sep, 2009 10:52 pm
can i refinance my 8 year old beautiful manufactured house for just the balance of the loan of 70 thousand?...i just want to refinance the existing loan of seventy thousand dollars. what would be the cost and also the interest rate? i just retired in march and i have a pension and social security. also, can you please tell me what the payment would be.
thanking you in advance.
debbie
thanking you in advance.
debbie
The interest rate and cost of refinancing the loan would vary from lender to lender. You can either speak to your current lender or check out with other lenders to get a refinance. Once you apply for a refinance, the lender will be able to tell you about your interest rate or monthly payments.
You can even speak to the lenders of this community and seek a no obligation free mortgage consultation. This will let you know whether or not you would be able to refinance the loan. Also, you will get an idea about the market rates and terms.
You can even speak to the lenders of this community and seek a no obligation free mortgage consultation. This will let you know whether or not you would be able to refinance the loan. Also, you will get an idea about the market rates and terms.
It depends upon how much you will profitable after refinacing.
Just do calculation before doing refinancing.
Just do calculation before doing refinancing.
I don't think you should go for refinancing unless you find some other way out or it is extremely necessary.
deb
What is your current rate? Your loan balance is small. The fees involved in the refinance process may outweigh your benefit. You should really discuss this with a qualified loan officer
What is your current rate? Your loan balance is small. The fees involved in the refinance process may outweigh your benefit. You should really discuss this with a qualified loan officer
