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refinan9ce

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Icon Mini Profile wpiperxxx14





Joined: 25 Feb 2011

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1.53 Dollars($)
Post Posted: Fri Feb 25, 2011 3:18 pm    Post subject: refinan9ce
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i have a 30 year 8.9 interest rate on a 97000 dollar loan. i have been paying it about 7 years..i only paid off 7000 i beleive in equity....my credit it just fair...i need to refinance but dont know what im doing..please help
Icon Mini Profile brian1
brian1
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Joined: 14 Jun 2008



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Location: Northern California
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Post Posted: Sat Feb 26, 2011 12:50 pm    Post subject:
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sounds like you would benefit from an FHA loan
you could get a loan in the high 4's low 5s - it would have MIP but would still be much better than 8.9%
You shoudl contact a bank or broker and go over your info with them.
Good Luck

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Icon Mini Profile wpiperxxx14





Joined: 25 Feb 2011

Posts: 3

1.53 Dollars($)
Post Posted: Sat Feb 26, 2011 2:57 pm    Post subject: finance
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is lending tree or popular financers like those a good option sir?
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Post Posted: Sat Feb 26, 2011 3:58 pm    Post subject:
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Not really - Lending tree is a lead generation site and not a lender - they sell your info to brokers bankers
better to deal direct so you know who you are working with
Icon Mini Profile wpiperxxx14





Joined: 25 Feb 2011

Posts: 3

1.53 Dollars($)
Post Posted: Sun Feb 27, 2011 11:02 am    Post subject: refinance
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lending tree refered me to quicken loans....how are they to deal with?
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Post Posted: Sun Feb 27, 2011 11:55 pm    Post subject:
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Well... I don't have a personal experience dealing with Quicken loans. Nevertheless, you should contact people (friends and relatives) who have experience dealing with them and take their opinion in this matter.
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