- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (4)
- Clay Branch, "Georgia Loans"
- Contributions:7837
tvg1, if your loan does not have MI then send me an email and I will show you how to get the best terms for a refi. You have to go to my profile page, look down to the "about Clay" section and use that email address.
- mymortgagebrokerjoe
- Contributions:129
you do not have to refinance with your current lender, although if your current loan has pmi, the ltv may be limited on your new loan. mha rates can be a little higher depending on your circumstance (credit score and ltv for example will influence the rate and/or fees). also, a 15 year loan is going to cost less, because you will not be subject to loan level price adjustments that apply to a 30 year fixed.
- tvg1
- Contributions:2
I contacted another bank and was told that under the MHA / HARP / Freddie Mac program I can only refinance with my current lender - Bank of America - for anything above 95% of the home value.. I have searched the gov't website for the MHA program and cannot find anything about this.
- DiamondFundingCorp
- Contributions:454
One of my branch employees is a licensed Florida LO and she told me your scenario is coming up with 4.00% with NO POINTS.
She says there are some lenders that are pricing out with 4.0% and almost 3 points, but Flagship Mortgage has a source of this that is pricing out as described above.
Whether a 15 year mortgage is right for you will take a more time to go over.
She says there are some lenders that are pricing out with 4.0% and almost 3 points, but Flagship Mortgage has a source of this that is pricing out as described above.
Whether a 15 year mortgage is right for you will take a more time to go over.
Refinance BOA MHA HARP - higher than avg rates -should I refinance?
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.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.