Close

See current mortgage rates on Zillow Mortgage Marketplace

6.25% with Lender PMI, Help

Profile picture for TTSI
I have a 6.25% 30 yr mortgage thru EMC that is transfering to Chase this month.  There is lender paid pmi on the mortgage and it is a Fanny Mae mortgage.  I have been unable to refi due to value is now $190K and I owe $207K.  We have credit scores in the very high 780's great debt to income and are on time with our mortgage and other obligations.  Does anyone know how I can refi to lower rates?  Thanks
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1Yes

September 26 2011 - Atlanta
 Share
 RSS

Replies (2)

Profile picture for Mitch Poitevint
That is great,  Once your loan gets transferred to Chase, see if Chase can go up to 125% loan to value.  Sometimes your servicer can go to a higher loan to value on the HARP program compared to others who may be capped at 105% loan to value.
Hope this helps!
Mitch
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1Yes

September 26 2011
Profile picture for ScottTucker
If I recall correctly EMC was purchased by Chase and is in the process of system conversions.  It would not hurt to contact Chase now and find out what timeframe this should be completed so that you can do a refi under HARP.  While Chase does have designated Homeownership Centers around the country the loan officers I have dealt with in the past are also able to do some of these loans.

Good luck!
-Scott
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1Yes

December 08 2011
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion
Related Discussions
Profile picture for Justin Sheftell
DiscussionFHA Payoffs S. 488
  • Last reply by Justin Sheftell
  • January 03
Profile picture for Scott Tucker
Discussion6.25% with Lender PMI, Help
  • Last reply by Scott Tucker
  • December 08 2011
Profile picture for Celia Butler Home Loan Diva
DiscussionI am interested in refinancing through the 203k standard program but am self employed...help!
  • Last reply by Celia Butler Home Loan Diva
  • September 11 2010
Profile picture for Angie Boggeman
DiscussionOwning multiple properties
  • Last reply by Angie Boggeman
  • August 31 2010
Profile picture for Johnny James
DiscussionTitle reissue rates a thing of the past?
  • Last reply by Johnny James
  • December 26 2009
Compare Mortgage Rates

See all mortgage rates in Atlanta, GA

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy