Home Buying in 95054>Question Details

hansa shah, Home Owner in San Jose, CA

I have 2 loans 80% and 10%(interest only) . I am considering refinancing to get lower rates. Please reply what rates and closing costs can you offer?

Asked by hansa shah, San Jose, CA Tue Jun 25, 2013

Understand rates are very high and depends on credit score etc. Please give me estimate for 10 year /7 year/5 year ARM rates.
Can I refinance 2nd loan, which is interest only rate. If yes, please give me details about the same.

Thank you.

Help the community by answering this question:


hi hansa,
you can find lenders that can help you on my website

good luck!

See "ACTIVE" listings for sale in real-time from San Francisco to San Jose
web: http://americarealtyonline.com/

Flavio Tejada, Owner/Broker, MBA-Finance, Realtor
(415) 305-2958
0 votes Thank Flag Link Wed Oct 30, 2013
Hi Hansa,

Not sure if you are still in the market. You should try now since the rates have been dropped recently and until end of October if you lock, the rates are extremely attractive. Not sure if they may increase in November. I got 5 ARM for 2.625% (Jumbo Loan no cost) and for 30 years fixed, I got 4.125 (No cost). Looking at the current market situation, I decided to lock 30 years fixed as the rate will eventually go upward direction.

Nobody in the world can/will give you any estimation until they play around with your numbers and they know your situation etc. like FICO, Debt to income ratio.... These are basic important stuff for anybody to provide you any information.

You can talk to Omar. He is the one who did my loan. I was with WF and couldn't get what he could do it for me.
0 votes Thank Flag Link Sun Oct 27, 2013
I can help you get some quotes with a few lenders to find out the best option for you.
0 votes Thank Flag Link Tue Oct 8, 2013
If you are still looking to refinance, I can certainly help you out. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
0 votes Thank Flag Link Tue Aug 13, 2013
I am a real estate agent rather than a loan agent but you can get a rough idea of current loan rates from my web page at http://julianalee.com/reinfo/mortgage.htm

I would recommend talking face to face with a loan agent recommended to you by friends, coworkers, or recommended by a strong real estate agent. Even the best loan agent can't give you a rate without fairly detailed information.

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Cell 650-857-1000

Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
Web Reference: http://julianalee.com
0 votes Thank Flag Link Thu Jul 4, 2013
Hello Hansa,

To give you a quote on these, we would need to have the following data -

current market value of home
loan balances of both mortgages
your credit score
type of property - single family residence, townhome or condo?

I can give you a complete option list once all of this information is shared.

You can reach me directly at 408-268-2442 if you are ready to investigate fully.

Best regards,

Eric O. Nelson, III
Sr. Mortgage Planner
SVC Funding
NMLS # 120412
DRE # 01258488
0 votes Thank Flag Link Wed Jun 26, 2013
Hi Deepti,

Without a loan amount and approximate property value, it would not be possible to give you a quote.

NMLS 327086
0 votes Thank Flag Link Tue Jun 25, 2013
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