Refinancing is a good question. There are a lot of different answers, depending on things like: Do you have a high interest rate on your current mortgage? Do you have a locked in 30 year mortgage rate? Do you have an ARM? Is it about to adjust, or has it adjusted recently to more than you can afford comfortably? These are just some of the questions to considering when you are thinking about refinancing your home mortgage.

You get the money out of the house. By not paying the principal, you use that principal payment–money you would have paid in a regular 30 yr mortgage–and invest it in a mutual fund that’s earning you 8-10%. Your money then is working for you making you money.

You are better off sticking to middle level neighborhoods where you also find a lot of houses. In my area I prefer to stick to $100,000 and 200,000 neighborhoods.

So, don’t get hung up on any particular Lender because there are pro’s and con’s to all of them. This is a PRODUCT based book, not a lender based book.

If the borrower works with an “approved lender” the loan gets underwritten only once and the process should take around 60 days to fund. This timing is normal, relative to all other commercial Polar Mortgages Shelton Street. If they work with un unapproved SBA lender, the loan will have to be underwritten twice – once by the bank, than by the SBA.

You can only buy houses if you are making offers. Some will get rejected, but some will be accepted. The more offers you make the more Polar Mortgages houses you will buy.

Now as they will go to refinance the house and they will find out that the refinance price is more than the price they had to shell out when they purchased it 8 years back. The duo now can use that money to pay off their various debts they incurred over the years. In fact they can receive the price of a much newer home.

Also, there are two terribly totally different ways in which of considering risk: chance or danger. Some would argue the latter is much additional possible than the previous at these levels in the market and at this stage of the market recovery. With a little patience, the commitment to a well thought out investment plan and a willingness to follow Warren Buffet’s sage advice “be greedy when others are fearful, and fearful when others are greedy,” may end in turning the tone of this market pullback from danger to opportunity.