Originally posted by VelmaLu
I tried to refinance the home I bought a few years ago, and I have sterling credit. The problem I have is the home won't appraise for what I owe on it. How do you get around that?

Originally posted by anotherdad
Mods: this is not in any way a solicitation, just thought a good heads up for the ATS nation out their.

Being in the industry i can answer any questions people may have, but when long term fixed rates drop to the lowest level in 6+ years i figured it's newsworhty.

Just be careful, a lower rate does not always equal a better loan. My opinion is make sure you are lowering your terms not just your payment. Don't get sucked in on refinancing a fixed mortgage you've been paying on for 10 years unless you do a 20 or 15 year term. Dont extend it back out to 30. If you just purchased a home recently make a call you may be able to keep your payment the same while cutting your term 5 or 10 years.

Today will be a busy day so any questions i may be slow getting back to.

Good luck

Originally posted by vapedson

It's like buying stock or any investing, you cannot expect it to appreciate only. You should have done research and stop blaming others.

Originally posted by Bobbo
For a novice just getting into the game, I admit some of the blame is on my shoulders for not better investigating the market, but isn't it also the responsibility of the broker to lay things out for their client?

Originally posted by Anonymous ATS
this is crazy. these artificially low rates are what caused the housing bubble in the first place!!