Refinancing, tips/advice/anything

[turbotalon1g]

So its time for me to refinance and i have no idea what to look for or what a good deal is.
I was wondering if any of you had some advice or tips.
Any better companies to go with or any that i should stay away from?

Thanks guys.

Aaron

[JET]

The ads are gay, but I have heard a lot of good things about ditech.com for a refi. I am not sure if I would use them for buying a house, but a refi is pretty easy.

[scheides]

refinancing what, a car? house probably? How long have you lived there?

[AJ]

If it's on the townhome only refinance if you can lock in a lower intrest rate. I wouldn't suggest adding anything to the loan to put cash in your pocket for paying bills and other possible needs. You could always talk to the bank for a small home equity loan for that. You can always contact your current lender or you could go into a place that works with your info to find you the best situation.

Just remember you'll proably run into addition fees again for the paperwork.

But if you can get that payment down a significant amount it is probably work it.

[turbotalon1g]

Sorry, it is for my townhome, when i first bought my place the company i worked with said that after a year i will have a better standing and be able to refinance and get lower payments.

[YiNYaNg]

http://www.countrywide.com/RetailLoans/HotProducts.asp?product=payoption-arm&menuitem=8
I went with this 2 years ago and love it. 4 options each month to choose to pay.
30yr, 15yr, Interest only, Minimum payment

When I spent too much in a month I pay Interest only or Minimum payment for that month. lol

[JET]

What interest rate are you at now? We locked in at 6% for a 30 year fixed 2 weeks ago, now the minimum is up to 6 3/8% for a 30 year. It took a hike late last week. My loan guy is in Fridley, he has been awesome to work with. He explains everything for you and gives you all the options.

www.minnesotamortgagesolutions.com Tony is his name.

[Jakey]

My mortgage is through Countrywide and I have been very happy with them. I've had a few questions and their customer service is always strong. Plus, say your mortgage payment is due the 1st of the month, with Countrywide you have until the 7th (I think) to make the payment without penalty.

[JET]

The late payments are for all loans, I have coutrywide for my loan also and they are pretty good. Very nice website.

[AJ]

Countrywide has come a long way from it's start up and is a very reliable lender. The only variance we have, we are with WaMu, is I think we have the 10 day grace on payments before any fees. But I don't think it matters though right now cause we get some sort of tiny discount with direct deposit.

Another note, you can always ask about the multi payment (bi-monthly) option. Might be somethig for you to look at, you end up making 1 more full payment a year I think. Just talked a little about it, not 100% sure.