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How can you refinance your mortgage for a better rate when your current lender won't?

We have asked for a loan modification and BOA won't work with us.  Our credit it in bad shape but we are current on our second mortgage.
  • September 11 2012 - Fort Walton Beach
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Answers (2)

You need to move away from your current lender. Why would your current lender want to move you from the higher rate you have today?

 Wholesale mortgage companies like mine give you clear options that are not in the interest of the banks, but rather in the interest of YOU. Don't let your mortgage bank dictate your financial future. Let me know if I can help.

Ryan Brandenburger

  • October 10 2012
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Can't unless you have equity in your home and they would go by your credit score as well, so if your credit score is pretty bad then you wound'nt qualify for a new loan with someone else. Since you were going for a modifcation then I assume you do not have equity in the home. You have to prove hardship for a loan modification and unless you had a large reduction in your income then you wouldn't qualify for the modification.
  • September 11 2012
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