I’m in Wisconsin.
- Mortgage Refinancing market: good or bad right now?
- What is the cost of refinancing with the same mortgage company? payoff 2nd & credit card loans?
- Is it more work to refinance with another mortgage company than refinancing with your current lender?
- Our mortgage company offered us a fixed 7% to our Home equity loan..is this a decent rate??
mclass920
April 15, 2010 at 3:07 pm
I had good luck with Option One until they sold my mortgage.
I did not like Wachovia at all. right now I’m with Citicorp- they’re good. best of luck.
CON AG
April 15, 2010 at 3:43 pm
What state are you in?
matzael
April 15, 2010 at 3:58 pm
Generally I’d advise starting with a local broker or bank in your area. For good recommendations ask people you know who they used and how they liked them. If that fails then go with your local chamber of commerce or BBB.
daeve930
April 15, 2010 at 4:16 pm
I’m partial to State Farm Bank (unless you’re in Rhode Island) and Bank of America.
burt p
April 15, 2010 at 4:39 pm
The Government controls much the mortgage business.
President Bush have implemented an FHA refinance program called “FHASecure”. To qualify, borrowers must meet 5 criteria:
1) History of timely mortgage payments before their adjustable rate increased
2) Rate will re-set between June 2005 and December 2009
3) 3% equity in home or 3% cash
4) Sustained employment history
5) Income must meet qualifying guidelines
I found interesting information about your answer & the best options here. (mortgage opportunitty refinancing )
http://all-mortgage-calculators.blogspot.com/2007/06/mortgage-opportunitty-financing-and.html
Good luck!