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Author Topic: REFI NOO Penna  (Read 16817 times)

Offline JAAMJK

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  • Posts: 88
Re:REFI NOO Penna
« Reply #30 on: January 27, 2006, 09:59:13 am »
Hello,

I'm not expert at this but I would check the cost of the money   on the first money compared to the cost of the money if recast today.  It may be that the product you persently has is better recast but maybe not.  Maybe attaching the equity loan makes more sense.   It might be something that your own bank will entertain on the equity side.  If so, the cost of the Equity line versus the fees on recasting everything might be significantly cheaper.


Offline ShaunG

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  • Posts: 227
    • Virginia Beach Mortgage Company
Re:REFI NOO Penna
« Reply #31 on: January 27, 2006, 10:03:34 am »
You won't find an equity line on a NOO with that credit especially on a row home.  
« Last Edit: January 27, 2006, 10:04:09 am by ShaunG »
Shaun Gale
Mortgage Webmaster
Ohio Mortgage Company

 




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