Where can I get a personal mortgage advice?

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I am a townhouse, and my current loan to value ratio is 92%, because home values ​​fell, and when I bought it I put down only 10%. I am currently paid $ 300 PMI which I think is a waste and you want to consolidate and reduce or get rid of PMI. I have a little more money to pay towards the main evening but not enough to bring the current loan value ratio below 78%, at which point the bank will lose my PMI. I need someone to talk to, who can give me some tips, 2 loan or refinance. What types of people can give good advice? I am ready to pat its own reward, financial advisors are consultants or mortgage?

4 Comments
  1. Reply
    Rocky J
    April 29, 2011 at 11:19 pm

    any apna

  2. Reply
    bluebell
    April 30, 2011 at 12:00 am

    According to this link, “lenders often have a minimum wait time …. typically two years.”
    http://homebuying.about.com/cs/financingahome/a/pmi_2.htm
    Somebody is benefiting by your PMI. That someone is going to want it to continue.

    Could you find a quotation for PMI of less than $ 300? My daughter was quoted loan protection insurance by her mortgage provider, but she did her own research and found another insurer for less than half the first quote.

    The main problem with refinance is that it is a new legal document and has fees which eat up the benefits. You might be as well off keeping the mortgage you have, but there are a few things you can do.

    Your interest is based on the amount you owe daily. This is totted up and added on regularly, often monthly or quarterly. If you repay your mortgage monthly, your balance stays the same for the whole month. If you repay a quarter of your monthly sum weekly, then every week your balance is smaller (meaning less interest), and as well you end up repaying the equivalent of 13 months instead of 12. This too brings your balance down faster. A quarter of your monthly payment may be an uneven sum – round it up higher to the next $ 10, and again you will make quicker inroads into the debt.

    You are ready to pay the fees of a mortgage consultant. You may not be any better off as a result, just with a lighter pocket. This money would be better paid off your loan.

  3. Reply
    stan c
    April 30, 2011 at 12:58 am

    I believe HUD handles situations like these. Their toll free # 1-888-995-4673.

  4. Reply
    Michael Bartsch
    April 30, 2011 at 1:09 am

    Mortgage information seems to be changing rapidly, but the best information I’ve found is a Blog called: MortgageInfo4All.com

    With all the different types of mortgages, and terms associated with home loans, it’s very easy to get confused. This site addresses some of the most common questions that potential homeowners have when seeking a mortgage loan.

    Here, you’ll learn all about the different types of loans available, how to find the best rates, and how to ensure that your lender isn’t taking advantage of you.

    Be sure to check out the mortgage resources. They contain valuable information that can save you thousands of dollars!

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