Answers (3)
- Wayne Brown, "SDMortgagefinder"
- Contributions:1433
Stick with what you have. With your loan amount it would only amount to peanuts as to what you might save today.
Best of Luck
Best of Luck
- Jeff Robertson, "Jeff405"
- Contributions:173
I lend in Oklahoma but from your situation I can tell that it will not be worth your while to check into a refi at this time due to interest rates. 3 weeks ago it might have been worth checking into, and if rates go down it might be worth checking into.
Just be sure and get a good idea of what you think the house is worth to make sure you have some equity to work with.
Just be sure and get a good idea of what you think the house is worth to make sure you have some equity to work with.
- Paul DeSousa, "22PaulD"
- Contributions:3
Purchasing your home at 100% can hurt because you probably don't have the value. The only way to refinance would be if you are in a government loan (FHA or VA); no appraisal is needed.
As for the stimulus package, it won't help you directly. The stimulus gives the banks a little more flexibility in thier lending practices.
As for the stimulus package, it won't help you directly. The stimulus gives the banks a little more flexibility in thier lending practices.
refinancing avialable or advisable??
I heard that the next phase of the stimulus will have something that will fit my needs...true? not true?
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