| Author |
Message |
|
|
russej1
Guest
|
 Posted: Wed Oct 14, 2009 5:29 am Post subject: refinance |
|
|
| Is it true that your bank will notify you if you qualify for a refinance based on the new eligibility of owing up to 125%? Can I take my current loan to a different bank and see if they will refinance it for me? |
|
|
 chrisburns
Community Experts
Joined: 13 Nov 2007
Posts: 372
Location: Florida
64.35 Dollars($)
|
| Posted: Wed Oct 14, 2009 6:30 am Post subject: |
|
|
The bank will not notify you. You have to actively engage a mortgage professional so they can run you through the automated underwriting system and see if you qualify for the program.
_________________
Chris Burns
Five Stars Mortgage, LLC
Office: 800-871-2636 ext. 200
Cell: 407-456-3697
Florida Mortgage
Five Stars Mortgage On Facebook |
|
|
jveenstra
Community Experts
Joined: 10 Nov 2008
Posts: 340
Location: River Edge, New Jersey
85.80 Dollars($)
|
| Posted: Wed Oct 14, 2009 8:59 am Post subject: Refinance |
|
|
Many banks notify borrowers that they may be able to refinance. Some lenders just put a note on the monthly mortgage statement.
However, why wait. If you want to know if you can refinance, call the 800 customer service telephone number and ask them.
_________________
John Veenstra
Senior Mortgage Consultant
Approved Funding Corp
41 Grand Avenue
River Edge, NJ 07661
800-475-0123 Ext 278
|
|
|
gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7448
Location: bloomfield, ct
70.12 Dollars($)
|
| Posted: Wed Oct 14, 2009 9:48 am Post subject: |
|
|
correct...don't wait for your lender to tell you. do your own homework and call to check first.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
|
|
