Refinance 101 - Mortgage Refinance Explained

Video was of great information thanks

I have an 819 FICO and in just two months of my housing search my projected interest rate jumped from 6.1 to 7.2 😢

Our economy is fd up. Trying to survive and buy a house early and make some progress in life and if we just bought pre pandemic we could be set. Now we're almost at 7% on our mortgage we just got. Luckily we can refinance in the future.

I have an apartment that is currently rented out. The rent doesn't fully cover mortgage and other expenses. I pay around 400 out of pocket per month plus the difference in annual property taxes due to equity increase. I want to refinance the mortgage that i starter back in 2021. And i want a lower monthly payment and im closer to breaking even. Should i refinance. I don't need to take out the extra money i would much rather inject into new down payment.

I have a question my grandfather wants to give the house in my name during a 30 year loan mortgage is that possible?

I miss 2008

If i refinance and get cash out.... i plan to sell the house in 10 yrs, does it matter if the interest rates go up... once i sell the house in ten years dont i get a little bit of more cash leftover?

Love this video planning on refinancing in 2-3 years, appreciate the insight subbed

I am 6.29 % what is your advice to me?

Amazing video

Refinance is paying another closing costs 😂. Plus you finished 5 years same years again added 😅

3% club

I owe upwards of $500k on a 6.375. I’ve been paying an additional $1k/month on principal so when the day comes to refinance, I am ready.

5.5 % it’s tight 30 year with MIP on a FHA loan

Purchasing a new build with the current interest rates and I know the goal is to refinance. How long do you typically have to keep your current loan before ReFi? Does your credit score lower once you buy a home, would that lower credit score also impact when trying to refi?

My job is transferring me to another state, not a cheap state unfortunately but I’m thinking about buying.

Would it make sense to buy with plans to refinance in maybe a year when rates will hopefully be lower?

To get rid of PMI, do I have to refinance?

3.5% im good