I am trying to find a way to lower my payments because I don’t make enough money. Loan modification is one way but I don’t know all the details about it and it seems for people that are already behind on there payments. I don’t know if I qualify for refinancing as well but my house is not worth what I paid for it. If anyone knows about some of the new programs out there that will help the people that are still making there payments but can’t really afford them. Thx.
Posts Tagged ‘Lower’
Can you refinance for a lower interest rate if you don’t have any equity in your home?
12
Jul
Grandparents are old fashioned and don’t let anyone in their financial business. We finally found out that they have refinanced and refinance and filed chapter 13 but didn’t finish (can’t get all the details on that either) but now the mortgage is to high and they want to refinance again with no equity in the home. What option do the have now?
Is switching Home Loan to lower Interest rate bank is a wise decision?
07
Jul
Am having HDFC Home Loan for last 2 years. Currently there are many banks offering lower interest rate than my existing interest rate. is swithing to them is a good option. if no then why? if yes then why? and how to do it and which bank is a better option in india? can i switch to new offers from HDFC itself with lower interest rates?
With bad credit, can I refinance my mortgage to the lower rate or will my bad credit prevent me from refi?
04
Jun
I have heard conflicting reports on this.
Now paying rate: 6.25%
Mortgage Rates today: 4.5%
Can I get the lower rate with bad credit?
So I guess the gentleman on Good Morning America does not have his facts straight. He said even with bad credit your mortgage company will refinance because the lower rate will help you stay current on your house note.
Home loans in New Zealand are 10.2% Is there any overseas banks that will lend us money at a lower rate?
02
Jun
Its like – why do we have to pay so much? And surely there’s a bank that would loan us at a lower rate??
Can I lower my mortgage without refinancing?
25
May
When we bought the house 3 years ago there were two incomes coming in, now we just have one income and the savings are gone. I have good credit, but my cc’s are filling up – I do not want to hurt my credit, but am pretty close to getting in some trouble. What can I do to lower my mortgage to get back on track? Would I have to refi or is there any way my current lender can re-adjust?
With the economy, would banks be more willing to give home loans to people with bad credit at a lower rate?
24
May
I’m thinking about buying a home in rural KY where I live now. I have horrible credit, so with reading my question above. What would you think? Or would I still be laughed at? I’m just outgrowing my home with my family. And renting sucks. I’m looking at a loan of 50k
I locked a mortgage refinance rate; should I walk if I find lower?
15
May
Might the lender be willing to lower his rate quote? or must I find a new lender if I think I can find a lower rate?
I know Obama wants to lower mortgage rates, but is it likely he’ll make refinancing easier?
10
May
I can’t refinance because I don’t have enough equity…only about 5% due to falling market–has anyone read anything about Obama planning on not just lowering 30 year fixed rates but making it easier for someone with less equity to refinance?
I was hoping anyone reading this with half a brain would get that I didn’t think Obama would personally lower the mortgage rates himself…
And regarding my equity–I used to have a fair amount of equity because I have paid every single one of my payments on time and sometimes I’ve paid more so I could pay down the principle. However, due to “this mess” my property value has plummeted, and thus has my equity. So…..I don’t really feel responsible as you imply…
Okay, I did not make myself clear. I can make all of my payments. I am not having trouble with that. My ARM is up, and I can get a new one for an even lower rate than I originally got one for but I would rather get a fixed rate mortgage which is hard to do with the little equity I have left thanks to the market drop. Does anyone get what I’m saying? Finally, check out this article
http://www.mortgage-foreclosure-litigation.com/obama-treasury-mortgage/
This is what I’m referring. to. Thanks.
I currently have negative equity in home and want a lower rate. How?
07
May
My mortgage is with CitiMortgage, never have been past due, but have a slight tight cash flow. I really would like to take advantage of low rates, but can’t since I have negative equity. Can anything be done to help me modify my loan?
i have five years left on a 10 year fixed rate mortgage at 5.125%. can i refinance now at lower rates?
02
May
I want to take advantage of lower interest rates. I currently owe $86,500 on my mortgage. I have five years left on a ten year fixed rate mortgage. is there any type of mortgage out there that would be available to me that would let me achieve this goal?