Refinance Input

HI C.

See my mom owned business. This is my field. I am a Mortgage Agent. Call me. There are many goverment programs that you may now qualify for. Call me at anytime Julie Shinn with Five Star Mortgage ###-###-####. My advise is free. I have many clients that will recommend my service. My fees are very low.

I am here to help.

Thanks

Julie
also check out this site. www.fha.gov
you do not have to be low income or live in any certain area.
there are also more conventionl types of loans with a 30 year fixed.

C.,

I don't know much but there were a bunch of articles on MSN not too long ago about this. I think you should contact the lender who holds your loan currently and explain your situation. Many lenders have a team that can work with you. With the current market and the number of foreclosures, many lenders are really anxious to help their clients not foreclose. Good luck!

T.

Hi C.,
sounds like you are on a 2/1 or 2/28 ARM which means the initial rate was a lower "teaser" rate fixed for 2 years and will be re-casting.
First of all, don't check around with different lenders that are going to re-pull your credit, there is the potential for your FICO to drop significantly just by tacking "inquiries" onto your credit report in your search for a better rate and if your FICO drops too much you might find you don't qualify for the best rate.
I'd suggest finding a good mortgage broker that has access to info from different lenders and having them shop your loan (they would need to pull a credit report in order to shop it but could let the mortgage lender know that they don't want new credit pulled until you have decided on which mortgage lender you are going to use). Be sure you are doing "full doc" which means assets and income fully verified. Check with different brokers to see what their fees are including origination and discount because you want to try to keep the new loan amount as close to the payoff on your current loan (on a refi, fees can be added to the balance which means a larger loan with larger payments *but* if you are willing to pay some discount, the rate may be lowered which will give you a smaller payment). Unfortunately you probably aren't going to find a "fixed" rate lower than what you are currently paying but you might get it close by paying some discount.
Also be sure (if this is your dream home and you aren't planning to move) that you get a fixed rate loan - not another ARM and especially not a Pay Option ARM.
If, however, you do forsee a move you could play the ARM game again but keep time on your side. If you plan to move in the next 4 years, you could take advantage of a 5/1 ARM (the rate would be fixed for the first 5 years) but I would only do this if you were absolutely sure you weren't going to be in the home much beyond 4 years.
I hope this helps some.
Good luck.

Hi C., my name is T. Wesley and I have some valuable information that can help you and your family save more money and win in the money game. Our company specializes in helping families in situations such as yours. I would like to invite you and your husband to our meeting on tomorrow evening at 7pm. The address is 2980 S. Jones Blvd. Ste. A.(CHR, Inc.) is the meeting location. THIS IS FREE, NO SELLING, NO BUYING! Just educating and helping families in areas and situations like yours.

If you can't make the meeting I would be more than happy to meet with you both to discuss what our company does and can do for you and your family.

C., remember it in the best interest of the Broker or Loan Officer to help you, as it will put money in their pocket, alot of it. Why not keep that control for yourself, by educating yourself to keep your money in your pocket so you can establish wealth for yourself and create a FINANCIAL LEGACY for your children.

Let me help where others can't.

Thanks!
T.

Call Cindy at Sapphire Mortgage at ###-###-####. Tell her you are a referal from T. Rosenthal (me) and she will work with you to get the rates to where you are able to afford it. In my experiance, she had the most loan options available out of all the places I shopped or have done business with. Good luck! T.