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  • Profile picture for David Horvath
    David Horvath1st Mariner Bank Mortgage Division(443) 306-7191Mortgage Planning, Home Equity, Purchase Loan, Refinancing
  • Profile picture for Nick Pakulla
    Nick PakullaTalmer Bank and Trust(301) 585-7283Purchase Loan, Refinancing, Other
  • Profile picture for Kristin O'Neil
    Kristin O'NeilSierra Pacific Mortgage, Inc.(804) 704-3339Mortgage Planning, Home Equity, Purchase Loan, Refinancing
  • Profile picture for Barry Moore
    Barry MooreALCOVA Mortgage(855) 640-5626Mortgage Planning, Purchase Loan, Refinancing
  • Profile picture for Heather Frye
    Heather FryeMOVEMENT MORTGAGE(540) 295-7596Mortgage Planning, Purchase Loan, Refinancing
  • Profile picture for William McLeod
    William McLeodPeak Financial Group, Inc(843) 486-2470Mortgage Planning, Purchase Loan, Refinancing, Other
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  • Profile picture for Jim Martin, CMC, Crms
    Jim Martin, CMC, CrmsMetro Advisor Group(412) 418-1536Mortgage Planning, Home Equity, Purchase Loan, Refinancing
  • Profile picture for Jon Norris
    Jon NorrisBanc Home Loans(804) 615-0873Mortgage Planning, Home Equity, Purchase Loan, Refinancing
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  • Profile picture for Timothy Barnes
    Timothy BarnesMonarch Mortgage(571) 748-3144Mortgage Planning, Purchase Loan, Refinancing, Other
    • (6)
  • Profile picture for Wes Wilkes
    Wes WilkesFirst Home Mortgage(301) 752-2080Mortgage Planning, Home Equity, Purchase Loan, Refinancing
    • (5)
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King George Mortgage Advice

Question
I am looking to refinance my mortgage. We have a horrible 9.5% interest only ARM.

My balance is $452,000 but my mortgage company is willing to accept $252,000 if I can refinance.  ... - 14 Answers