refinance our home

Guest 0.10 Dollars($)

I would like to know what your rates are for a bankruptcy that was back in 2005 I think , at the time I had a lot of surgerys from 2003 till 2006 ans didn't know if I was going to have a job or not and even live . But am doing fine know and have my job I have been with my job for 20 years and I have a home loan with bank of America for 4.725 arm and I have to refinance by the 1st of the year and they already said they would take me again with o application & o closing and right I owe 199,000 but am looking around to see if someone will take me am never late on my house payment nor my bills till my health went down hill there I know you don't know me & what said is true you can look at my past and you can see I hope you can give me something to go by my e - mail is "midnightblue@everestkc.net" or call me 913- 669-1390

Joan

[Email address deactivated as per forum rules. Thanks.]

helping_user · Posted: Mon Sep 08, 2008 12:54 am Post subject: RE: rates after bankruptcy

Hi naoj,

I would like to know whether you have gotten a discharge from the bankruptcy in 2005? depending upon the time gap so far after the discharge date, you could get a mortgage with affordable rates of interest.

Are you looking for FHA loan? You could qualify for better rates if it's been 2 years after the discharge order has been issued.

What I'd suggest is, you can ask for free mortgage quote from the lenders in this community. That would give you an idea as to what rates and types of programs you could possibly qualify for.

Thanks.

gmakerley · Posted: Mon Sep 08, 2008 8:52 am Post subject:

to tell the truth, naoj; i don't quite get the point in trying to work with someone else, when bofa has offered you some pretty good terms on closing the new loan. rates are going to be similar no matter where you go, but if you can save on your costs by staying with them, it makes sense to me.

lisascherzer · Joined: 04 Jan 2008 Posts: 755 1.03 Dollars($)

Bank of America is usually not the lowest rate lender but it really just comes down to the rate they can offer vs other lenders. It never hurts to shop around a bit just to make sure they are offering a good deal.

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