r2i forum

Mortgage refinancing is a great way to pay the current home loan or current mortgage loan that you have taken. The collateral for the mortgage refinance is the same property. There are several ways in which mortgage refinancing can be helpful.

Thanks in advance,
Amli

A refinance is just a new mortgage that pays off the old mortgage. You can expect all the same fees, points and paperwork as when you got your orginal loan. If you're refinancing through the same lender, they may cut you a break on some of the documentation, and there are certain discounts you can ...

When you refinance your home, you pay off your existing mortgage and replace it with another. Benefits can include lowering your current payment, changing the term of your loan or borrowing against the equity in your home to get cash out.

Thanks in advance,
Amli

Real estate agents often know about local properties that are nearing foreclosure because they network with other agents and are familiar with the local market, frequently working directly with banks and other lenders.

Thanks a lot,
Amli

I think property management typically costs around 10% of the rent. You need to get a good company to manage your property though. But, many people do what you have mentioned but with one difference. They leverage by paying only 10% or 20% and take mortgage for the rest. There will be a small ...

Home refinancing is the process of replacing a current home mortgage loan with a completely new mortgage loan, either with the same financial company or a different one. There are many reasons to refinance, including saving money and paying off a mortgage faster, just to name a few. Mortgage lenders ...

It depends if you are well connected to India or not. That means is somebody there to help you in India in looking after your property. Secondly, your long term plan is to come back or stay in US. Invest in right spot in US, which is at rock bottom and you can get returns.

Thanks in advance,
Amli

Something I learned on FHA, you cant use re-assess the property for the 20%; gotta pay it down the loan the old fashioned way. Other than that, I have no qualms with FHA and it sure helps when you don't have that 20% chunk available this very moment but you will at a future time and you are getting ...

Renters insurance generally comes with coverage for your belongings, but also an umbrella liability coverage that would pay out if you got hurt on the premises. I don't know what specific situations would be covered by the liability policy, but basically, if there's a big accident, your insurance ...