How Can I Find The Best Loan Option In Order To Refinance Our Home?
Posted by admin on November 3rd, 2009 at 06:47am
We have put an addition onto our house through a personal loan from a family member and want to refinance in order to pay the loan off. I am interested in doing a no doc, or stated, type of loan.
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4 Comments for How Can I Find The Best Loan Option In Order To Refinance Our Home?
1. eskie lover | November 3rd, 2009 at 7:07 am
Call up Citibank, American Bank, Standard Chartered Bank or any other banks executives and ask them to give details and reason for considering it as a best loan option for refinance.
2. acaschat | November 3rd, 2009 at 7:28 am
Try Lending Tree on line. You can specify what you are looking for and then the brokers, banks and S & Ls will come to you.
3. tnkumar1 | November 3rd, 2009 at 7:58 am
A no Doc or Stated loan are options, but you then definitly do not want to go to a bank for those. Shop a few local mortgage brokers. They can give you many more options and find the best rates.
Also, make sure when you are shopping, compare not only the GFE, or Godd Faith Estimates, but also the TIL, or Truth in Lending Disclosure. This way you can really compare apples-to-apples.
4. ~Trey | November 3rd, 2009 at 8:40 am
No doc loans are OK but instead of a flat loan try a Home Equity Line of Credit. That way you also have cash anytime you need it.
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