I have a home worth 270k, currently have a first mortgage of 200k and a second of 10k. Looking to refinance from a 6.5% rate on the first, and a 8.75% on the second. My current credit is 784 and I have an income of around 60k a year. Is it possible to refinance both mortgages at a lower rate? by jones._887_639 from Owens Cross Roads, Alabama. Dec 5th 2011
Absolutely! Give me a call and I will put something together to let you know exactly what your rate and payments would work out to be. 877-791-4968Thanks
Absolutely!!! You have a great opportunity to take advantage of today's low rates. Please give me a call at 877-634-2390. Tommy Peoples, Branch Manager, Southwest Funding, Daphne, AL 36526
Yes we can have both loans consolidated into one with a much lower rate and great monthly savings. I am available at anytime to further discuss your options.Elden AlvarezMortgage Banker 678.226.7840Office678.267.0277Cell678.226.7941Fax
I would definitely contact a mortgage broker in your area. If your property appraises for $270,000 your equity situation allows you the benefit of combining both mortgages for a much cheaper interest rate. Whether you took the second mortgage out when you acquired the property or after may change the scenario (considered a cash out refinance or simply a rate/term refinance) but either way you should see some definite savings in your monthly housing expense. A mortgage broker can also council you on a term reduction if possible.
I can help you with that, have some great comparison calculators on my website. Give me a call 615-594-8156, and visit my site at www.mymortgagenashville.comThanks Jonathan Cherry
Jones your ratios will be well within guidelines and have enough room to cover your costs I would be happy to started with your loan application if what you say is true you will be looking at 4.125% with a credit of up to $520.00 towards closing. I can be reached at ballen@accessnational.com to receive your initial worksheet
Absolutely. And with no mortgage insurance, and even better, you might want to look at a 15 year Fixed rate mortgage. Your payment will be real close to what your paying now but half the time. WilliamAcres.com
Your are in excellent shape. Including both loans your LTV is about 77%. With your FICO score you should be able to get a rate between 3.75% to 4.00%. ... Good luck. ... Happy funding, Rudi
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