I CLOSED A MODIFICATION ABOUT 5 YEARS AGO,THE BANK LOWER MY PAYMENT FOR THE FIRST 2.5 % NOWIS 4.75

Read your modification paperwork.. Typically, the lower interest rate modification was only for a short time.. and every few years after ti goes up.. If there was no principal reduction associated with your loan mod, and you have reestablished your credit, have not been late on any mortgage payments, and you meet all other eligibility requirements, you can always refinance into a new loan,. For information on this or to see if you qualify, try contacting a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

As always, William Acres has the right answers, he is awesome and a true leader here on 411. I am a California Mortgage Banker and can help. I can be reached at www.AskTheLoanMan.com or at (866) 385-1650 X 1

The info provided is good.....you can refinance into today's lower rates with on time payment history, etc....Feel free to contact me at 562.254.5616 to discuss your options.Regards