Posted on: 28th Feb, 2012 09:59 am
i refinance 5 years ago with an a6 loan at 8.25%. now i just want to refinance for a lower interest rate. they say i can't because of the a6 loan. i don't want any money back. i just want a lower interest rate. the vaule of the home has gone down to.
all sorts of lenders offer mortgages for as little as 3% down. it depends on what you qualify for, and what kind of financing you want to accept (mi, second mortgage, etc.) ask around.
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Hi kohara!
Welcome to forums!
As far as I know, a Texas A6 loan cannot be refinanced within the first 12 months. After that, you can refinance the loan. However, you should note that once your loan is converted into a A6 loan, it will always remain the same.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As far as I know, a Texas A6 loan cannot be refinanced within the first 12 months. After that, you can refinance the loan. However, you should note that once your loan is converted into a A6 loan, it will always remain the same.
Feel free to ask if you've further queries.
Sussane
They say here in Texas that you have to have 80% to refinance. The A6 loan is 5 years old. The house has gone down in value. I don't have 80%. I just want a simple refinance for a lower interest rate. I'm at a 8.25%. I have good credit. I just don't have thousands of dollars they say I need. If I get a lower rate that mean I can put more equitity in to my home. What to do?
Welcome kohara,
Your query has been replied to in the given page: http://www.mortgagefit.com/predeal/about54028.html#284219
Take a look at it. I hope it will help you.
Your query has been replied to in the given page: http://www.mortgagefit.com/predeal/about54028.html#284219
Take a look at it. I hope it will help you.