y****6
发帖数: 49 | 1 We bought our house 2 years ago and paid 20% down with a rate of 5%. The
loan is not from FM/FM. Now appraisal came back showing our house is
devalued about 90K. To make 80%LTV, we need to pay about 80K difference. Is
it worth it for refinance? |
f*********9
发帖数: 1986 | 2 never through any cash to do things like this, it's like through money into
water. cash is the king, spend it wisely! |
f****i
发帖数: 20252 | 3 yes if you have the cash
Is
【在 y****6 的大作中提到】
: We bought our house 2 years ago and paid 20% down with a rate of 5%. The
: loan is not from FM/FM. Now appraisal came back showing our house is
: devalued about 90K. To make 80%LTV, we need to pay about 80K difference. Is
: it worth it for refinance?
|
z*********n
发帖数: 94654 | 4 wow, you guys are so rich
Is
【在 y****6 的大作中提到】
: We bought our house 2 years ago and paid 20% down with a rate of 5%. The
: loan is not from FM/FM. Now appraisal came back showing our house is
: devalued about 90K. To make 80%LTV, we need to pay about 80K difference. Is
: it worth it for refinance?
|
h*******s
发帖数: 3932 | 5 assume no principal is paid down (not real),
0.8 * P / (P - 90) = 95%?
0.15P = 85.5
P = 570k
New P = 480k
Is
【在 y****6 的大作中提到】
: We bought our house 2 years ago and paid 20% down with a rate of 5%. The
: loan is not from FM/FM. Now appraisal came back showing our house is
: devalued about 90K. To make 80%LTV, we need to pay about 80K difference. Is
: it worth it for refinance?
|
h*******s
发帖数: 3932 | 6 since your new LTV is 95% and you only have about 24k equity, maybe you can
think from another angle. instead of refinance, start to default and live
for free for 2 years.
【在 h*******s 的大作中提到】
: assume no principal is paid down (not real),
: 0.8 * P / (P - 90) = 95%?
: 0.15P = 85.5
: P = 570k
: New P = 480k
:
: Is
|
d******n
发帖数: 2712 | 7 LZ可以找个agent帮忙看一下是否符合DU refi Plus，如果符合的话，不需要付
Mortgage insurance，也不需要多放钱进去一样可以做refi，不过，rate上没有LTV低
的拿到的好。 |
