Refinance / Appraisal questions

you can get your credit report at www.annualcreditreport.com for free and start from there. as long as you don't see any bright colors in your history you should start out ok.

i haven't paid for a credit score in a long time (bought house 2 yrs ago and they ran it, they just ran it again with the refi), but you should see links to purchase your score from annualcreditreport
 
Anything I need to know if we're looking to refi from an 80/15/5 to a 30Y conventional? We originally did an 80/15/5 to avoid paying PMI, and I'm almost positive that our home has appreciated at least 20% since we've bought it.
 
nothing in particular. With that appreciation you should be able to drop your second moving the combined liens into one note all at the lower rate.

shoot me a pm or email if you need anything



hookem.gif
 
I didnt lock in the 4.375 with no points and now it has gone up to half a point...i still think it will come back down....

This is with Bank of America in Clear Lake btw....they did my original loan so maybe thats why I am saving some fees or points...but I also had another broker offer me 4.375 on a 15 with no points...but again this was a week and half ago
 
rates have moved higher since last Friday. The bad economic reports have not helped.

Also, the speculation over Obama's stimulus package is helping to move rates higher. Most think the flood of treasuries expected to pay for much of the plan is another reason rates are moving higher. That speculation is being priced into the market.




hookem.gif
 
The rate I was quoted is now only good with 1 point where in early jan it was no points....

I guess the question is what that the bottom or is this a temp upswing?
 
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