Financing in Oak Park : Questions & Answers

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Cissy Binkley, Real Estate Pro in Oak Park, IL
Cissy Binkley answered:
What percentage of loans being originated are FHA loans?
No, not in the state of Illinois...what has changed is that if you are only putting down 3.5% your PMI will remain for the life of the loan putting your percentage rate more like 6% whe ... more
0 votes Share Flag Mon Jun 10, 2013 Financing in Oak Park
Gregorio Den…, Real Estate Pro in San Diego, CA
Gregorio Denny answered:
what is a conventional loan without pmi?
You can get a conventional loan without PMI with 20% down as mentioned. To say you can get a conventional loan with 10% down and no PMI is misleading because it's not true. You wil ... more
0 votes Share Flag Fri Jan 27, 2012 Financing in 60304
blwegrzyn, Other/Just Looking in Oak Park, IL
blwegrzyn asked:
Loan Refinance - Best Rate I currently have a loan in amount of 161,000. I leave in Oak Park, IL. Last time when the appraisal was done the value was estimated to be 150,000 and I had second mortgage so I could…
0 votes Share Flag Wed Jan 25, 2012 Financing in 60304
Dan Tabit, Real Estate Pro in 98074
Dan Tabit answered:
I would like to refinance my home for a lower interest rate, The balance is 85,000.00; my current rate is 5.75 fixed, 12 years left. What are points?
Refinance,
Points are a percentage of the loan amount. If you are borrowing $85,000 one point would be $850. Points are used to pay the origination fee to a lender and or pay to red ... more
0 votes Share Flag Thu Dec 9, 2010 Financing in Oak Park
blwegrzyn, Other/Just Looking in Oak Park, IL
blwegrzyn asked:
How to refinance student federal loan ? I have a student loan for 28000 with 6.550%
Those are Subsidized Student Loan and Unsubsidized Student Loan consolidated loans
Does anyone know if it is possible to somehow lower those…
0 votes Share Flag Wed Nov 3, 2010 Financing in 60304
Michael Cline, Real Estate Pro in Chicago, IL
Michael Cline answered:
Hello, currently I have a conventional loan ARM without PMI . The balance is 177000$ with 5.25% interest
Hey Bankerdoug,

Just in case you hadn't noticed... this thread is 15 months old. I doubt anyone is reading this anymore.

Michael Cline
mcline@peopleshomeequity.com
0 votes Share Flag Sun Jul 18, 2010 Financing in 60304
Douglas Katz, Real Estate Pro in Chicago, IL
Douglas Katz answered:
What are the best banks to deal with for the refinancing?
I echo Michael's answer. It should be about trust and service. If the lender is receptive to your needs and ensures that you understand everything, that is usually a good sign. ... more
0 votes Share Flag Sun Jul 18, 2010 Financing in 60304
Douglas Katz, Real Estate Pro in Chicago, IL
Douglas Katz answered:
what is the current interest rate based on ARM Index Name WSJ 6 MONTH LIBOR?
Rate for 6 mo LIBOR last week was 0.73%
Add your margin of 2.25%
Rate would be 2.98%
0 votes Share Flag Sun Jul 18, 2010 Financing in 60304
Douglas Katz, Real Estate Pro in Chicago, IL
Douglas Katz answered:
Refinance the ARM loan with the 2nd mortgage loan
Chris is absolutely right in his analysis. Taking advantage of the low adjustment is great and may save money short-term, but long-term money will likely not be this low for a long tim ... more
0 votes Share Flag Sun Jul 18, 2010 Financing in Oak Park
1stfinagroup…, Other/Just Looking in Cheshire County, NH
1stfinagroupltd answered:
personal loan
Hello

Saw your posting online. I am a private lender willing to work with you. Flexible repayment terms and a timely closing schedule.We offer at typical rates of 4.7% APR. Get back ... more
0 votes Share Flag Tue May 11, 2010 Financing in Oak Park
David Cruick…, Real Estate Pro in Palatine, IL
David Cruickshank answered:
Refinancing under Obama plan
Please take a look at my blog about the home affordible refinance plan posted on trulia. The link is also listed as a web reference below.. As far as the decision its really up to what ... more
0 votes Share Flag Thu Apr 9, 2009 Financing in Oak Park
blwegrzyn, Other/Just Looking in Oak Park, IL
blwegrzyn asked:
Refinancing under Obama plan I called my bank (bank of america - where the first loan is) and they said that they could refinance it under Obama Plan: 30years fixed, 5.75,0 point,monthly payment 1033.26. Currently my…
0 votes Share Flag Thu Apr 9, 2009 Financing in Oak Park
blwegrzyn, Other/Just Looking in Oak Park, IL
blwegrzyn asked:
Refinancing under Obama plan I called my bank (bank of america - where the first loan is) and they said that they could refinance it under Obama Plan: 30years fixed, 5.75,0 point,monthly payment 1033.26. Currently my…
0 votes Share Flag Thu Apr 9, 2009 Financing in Oak Park
blwegrzyn, Other/Just Looking in Oak Park, IL
blwegrzyn asked:
Refinancing under Obama plan I called my bank (bank of america - where the first loan is) and they said that they could refinance it under Obama Plan: 30years fixed, 5.75,0 point,monthly payment 1033.26. Currently my…
0 votes Share Flag Thu Apr 9, 2009 Financing in Oak Park
Greg Zaccagni, Real Estate Pro in Illinois
Greg Zaccagni answered:
Do I need a new mortgage broker?
Looks like you question has been answered so I wish to suggest you receive more than one mortgage quote before reaching any decision.

www.GregZaccagni.com
0 votes Share Flag Mon Nov 3, 2008 Financing in Oak Park
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