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Refinance help with 95% LTV

We are like many homeowners that have Fannie Mae, PMI and we acquired by Fannie a month after the Harp 2 cutoff when we refinanced back in 6/2009  Is there someone out there that could help us refinance?  We were just appraised in November at $325000 and we owe 313,000.  We could pay it down to the 95% if that would help us get a better rate than our current which is 5.375%.  The big banks want about $8-10K in closing costs which we don't have with two kids in daycare.  Let me know if there anyone that could help.
  • January 30 2013 - Austin
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Answers (3)

Some of these 'costs' are actually prepaid items.
You will get a refund from your old escrow account.... Maybe that will help a little.
The lender can offer you a rate .25% or so higher and cover a good amount of fees.
You need to apply with a loan officer who can explain this stuff

  • February 01 2013
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You should be able to get a refinance done with your home. You should contact a reputable lender in your are, use Zillow and read reviews and discuss your situation with them. 
  • January 31 2013
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Zillow doesn't allow us to post email addresses or phone numbers, but if you want to contact the mortgage banker I've used both personally and professionally, shoot me an email and I'll give you her contact info.  She is honest to a fault and will tell you the truth, even when it might be uncomfortable to hear.

Best of luck in the process.
  • January 31 2013
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