How to Refinance Without Paying Another 30-Year Mortgage
Thursday, 04 December 2014
Question: “We’d like to refi and get our rate down, but we’ve had this loan 10 years. So we just have 20 years left and don’t want to start over on a 30 year loan. Is there a way to get our current lender to just lower the rate or refinance the loan in place?”
- Published in Q&A - Home Financing Questions
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Funding Your Residential Rental Purchase
Thursday, 21 August 2014
Question: “I have several rentals and want to buy another property, perhaps a little house. I’d like to come up with as little cash as possible. What do I need to put down?” Answer: To buy a residential rental, you’ll need at least 20-25% down, plus closing costs of around 3%. But here’s a good
- Published in Q&A - Home Financing Questions, Q&A - Home Investing Questions
Are Rates Low Enough to Refinance Your San Diego Home?
Wednesday, 18 June 2014
Question: “Do you think rates are low enough to refinance?” Answer: I don’t know your current rate or whether you have a fixed or adjustable rate, so… If you have a fixed rate now and want another fixed rate: Depending on your loan balance and tolerance for paperwork, you want to at LEAST get a
- Published in Q&A - Home Investing Questions
Will Refinance Appraisals Be Conservative on Your San Diego Home?
Wednesday, 04 June 2014
Question: “I have a question about refinancing. We owe about $420,000 on our condo and it’s finally worth enough to refinance, about $475,000. We need to have a maximum 90% loan to value to refinance so those numbers should work. But I’ve heard that refinance appraisals are conservative. Is that true?” Answer: Believe it or
- Published in Q&A - Home Financing Questions, Real Estate Tips
Will You Have to Pay Tax When Selling Your San Diego Home?
Tuesday, 24 September 2013
Question: “Hi Gary: My friend bought a home a year ago. He’s getting ready to refinance it so he can get money to pay off other debts. After he refinances he’s going to sell and get another place. I told him he’d have to pay taxes because he’s had it less than 2 years. But
- Published in Q&A - Home Selling Questions
Learning More About Home Refinancing
Sunday, 16 October 2011
“Dear Mr. Kent, do you have some kind of reading material about home refinancing? We would appreciate it if you can send us some materials on this matter because we are seriously thinking of refinancing our San Diego home before our adjustable loan gets mature.” Answer: Thanks for your email. Since I don’t handle mortgages
- Published in Home Financing, Real Estate Resources