Refinance Loan I need to reduce my mortgage payment?

Deal Score0

I need to know the best mortgage company that will give me a good deal to refinance my mortgage TO FIXED RATE because my adjustable rate has been increased. also i don’t have any money for closing cost so i will need a mortgage company that is zero closing cost or they will add the closing cost to the life of the loan, i need this help today.Thanks
MY CREDIT SCORE IS 651, THE HOUSE WORTH 235,000 BUT I BOUGHT 210000 IN DEC 2006.

10 Comments
  1. Reply
    Pojo
    April 29, 2011 at 9:57 pm

    What is your credit score, is the house upside down, have you discussed this issue with your current mortgage company?

  2. Reply
    DAS
    April 29, 2011 at 10:55 pm

    You will just have to check online and in your local area. Just do your homework. There are lots of agencies, companies, non-profit agency, housing agencies out now, that are dedicated to helping homeowners keep their property. Please check your local housing courts, housing agencies, and first call for help – 411, in your area. They will be a great help.

  3. Reply
    rsmd49
    April 29, 2011 at 11:44 pm

    Di-Tech !!!……. “NO” closing costs…

  4. Reply
    Judy
    April 30, 2011 at 12:25 am

    Before you refi, consider that any amount of debt you have (car loans and cc bills) will directly reduce the amount of mortgage payment you will be able to afford.
    Also carrying balances over 30% of your available credit limit reduces your credit scores.
    /

  5. Reply
    Ted
    April 30, 2011 at 12:52 am

    Any lender will roll closing costs into the loan. Any mortgage broker will evaluate you for free. Realtors know who the reliable mortgage brokers are in your area. Just walk in to a real estate office and ask.

  6. Reply
    SPIFIMAN1
    April 30, 2011 at 1:32 am

    I am going through the same thing as we speak and I would check out Chase they are rolling the closing cost into my refinance.

    Chopping 5-years off my loan and reducing my payments by almost $ 300.00 a month.

  7. Reply
    andy
    April 30, 2011 at 1:54 am

    Sorry to say but I have not heard of any mortgage company that doesn’t have closing costs for a new mortgage. The closing costs should be lower than when you originally bought the house but you will have to pay some. Also, a lot of them require 20% in equity when refinancing. I would try your bank first since they will know you best.

  8. Reply
    Noneya
    April 30, 2011 at 2:15 am

    This is an easy one. You have enough equity to do an FHA loan and cover the closing costs. You should end up with 4.75 to 5.125% on a 30 year fixed

  9. Reply
    Charles T
    April 30, 2011 at 2:35 am

    hey i know a company which will refinance your mortgage. They have guaranteed loan approvals, once you get hooked up with them. i will link you http://www.sunrefinance.com/

    With the help of a refinancing your mortgage, you can avail multiple benefits. Firstly, you may reduce–your monthly
    costs. Secondly, you may avail a competitive interest rate. Thirdly, you could be getting a flexible repayment
    period. Overall, you will be managing your loan a lot better.

  10. Reply
    Ray Smith
    April 30, 2011 at 3:17 am

    A refinancing101.net home loan expert can answer this question in regards to your specific financial needs. You can refer to http://www.refinancing101.net to find out about loan refinance options that will help you obtain a lower monthly mortgage payment.

    refinancing101 allows you to refinance your loan or pay off your mortgage early with absolutely no pre-payment penalties.

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