Should I refinance? Go to a different lender?
I bought a propety this summer FHA loan (was buying a second property but have sold one since sale, so I had to use FHA) at 6.25% (fantastic at the time) with GMAC. I do pay pmi but I reckon my property will appraise higher (foreclosure property, and terrible poorly done appraisal)
Since rates have dropped dramaticly, do you reckon GMAC can reduce my interest rate at an affordable price? Should I question for another appraisal?
If I go to a different lender the closing costs would be very, very high, am I right to assume this?
I do reckon it will apprais higher. I bought it for 155K. Zillow.com has it at 232K, most recent sale was a similiar home and it sold for low 200's.
Related Articles
- The EQ Journal Blog » Looking Back
- Potomac MD Market Update | MoCo Real Estate
- When real estate agents question for a hud sheet, is that a settlement …
- Excellent Lessons for Home Buyers | Everything you need to know before …
- Must Read Tips On Buying A Home | Free of Debt
- Window Closing on FHA Loans | Cincinnati Mortgage
- FHA 223 F Apartment Refinance – Freddie Mac – Fannie Mae …
- North Potomac Market Update | MoCo Real Estate
- How can property taxes be going up while values are decreasing …
- Five Reasons Housing Market Still Hasn't Recovered Yet – Windows Live
- How Do I Get The Foreclosure Record Of The House I Rent And Live …
- Stop Foreclosure, Lower Your Mortgage: Modify Your Loan
- Real Estate Foreclosures in Puerto Vallarta, Mexico | Home Tips …
- The Pre-Foreclosure Property Investor's | Thomas Lucier – Vox
- DC Dispatch: Changing Real (Small sale foreclosure) Estate …
- Bluewater GMAC: Crystal Coast Living Blog: June 2009: Falling in …
- Sober Look: FDIC guaranteed notes – opening up the credit markets
- Weekly rants: What About Ford
- Skys Internet Marketing Articles And Internet Marketing Strategies …
- Online Banking Information:Ally Bank Online | Whole Banking
- Mortgage Refinance: When It's the Right Call to Refinance …
- Property Guys » Blog Archive Basics of a Home Equity Loan Rate
- Do You Know “Humans Are Amusing Creatures”?
- Mortgage Interest Rate Trends: Historical Graph for 1 Year …
- Bogleheads :: View topic – Effect of Interest Rates on Retirement …
- [TS-439 Pro] Share File propety
- Share folder propety
- How Do I Right the Records for My Home?
- How Do I Right the Records for My Home?
- Reduce Mellow-Roos Property Taxes
Related FHA Home Refinance Posts
Tags: banking information, closing costs, crystal coast, fannie mae, fdic, FHA Foreclosure Refinance, fha loan, fha loans, foreclosure property, freddie mac, gmac, home equity loan, interest rate, internet marketing strategies, marketing articles, north potomac, property guys, property investor, propety, puerto vallarta mexico, real estate agents, thomas lucier, tips on buying a homeTags: banking information, closing costs, crystal coast, fannie mae, fdic, fha loan, fha loans, foreclosure property, freddie mac, gmac, home equity loan, interest rate, internet marketing strategies, marketing articles, north potomac, property guys, property investor, propety, puerto vallarta mexico, real estate agents, thomas lucier, tips on buying a home
Top incoming search terms for this post