Refinancing - Posted by Michael

Posted by David Alexander on May 30, 1999 at 23:28:22:

Is there something were missing. Find a good mortgage broker and see what programs they have.

David Alexander

Refinancing - Posted by Michael

Posted by Michael on May 30, 1999 at 22:45:36:


I am looking at getting a property refinanced.

The house has appraised for $225,000.00.

The total of the mortgages, a first and a second, is $168,000.00.

There is quite an equity spread. Around $60,000.00.

Do you have an idea how banks view refinancing?

I am sure they have their own guidlines, all of them.

How do you think I should go about this process?



Re: Refinancing - Posted by John Behle

Posted by John Behle on June 02, 1999 at 13:30:45:

It should be fairly easy to get a refinance loan. Just look through the paper at the ads, real estate magazines or as David mentioned, find a good mortgage broker. You might want to see if Ed Garcia can help you on this one. He has several posts on the other newsgroup and you can email him by clicking on his name.