20 yrs left on Adj rate (7.75%) 30 yr mortgage. Not Freddie Mac or Fannie Mae. It is held by Melon Mortgage. Can we refinance?

It depends on your qualifying criteria...credit score, income, etc. More than happy to take a look for you. Feel free to contact me at 513.490.1585. Thanks.Dan WalshPeoples Bank

So long as you have the equity required and meet other eligibility requirements yes you can refinance. If I can answer any additional questions I'd be happy to help. Best wishes otherwise, Kimberly Lawson, Licensed Mortgage Loan Originator, Ohio only. Contact and licensing information can be found on my profile.

More info needed.. specifically your properties value vs. what is owed.. you can always refinance if you meet all eligibility requirements including the loan to value and debt to income requires, but unless we can see a complete loan profile, we cannot address your specific scenario. 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

It will depend on your loan balance, how much your property is worth, your credit score, your credit history, your debt to income ratio, your employment history etc. I would suggest speaking with a local loan officer or two and see what they can offer you.

As you see from other answers it depends on a lot of other details. That's a very high rate if you have at least 5-10% equity in the property, decent credit, verifiable income, and reasonable debt ratio's.