Posted on: 10th Mar, 2009 04:06 pm
i have a 1st and 2nd mortgage. i want to refinance just my 2nd. it is a jumbo loan. combined loans are 1.35 million. can anyone help? we can document our income and credit score is over 720.
what information do you need?
Hi mcervantes,
As far as I know, not all lenders are ready to refinance jumbo loans. However, if you have equity in the property, then you can start speaking to the local lenders and check if they are ready to refinance the loan. You can also contact your current lender in order to get it refinanced.
You can also speak to the lenders of this community and seek a no obligation free mortgage consultation. This will help you to know whether you would get a refinance or not. You will also come to know about the rates you can expect to get.
Thanks
As far as I know, not all lenders are ready to refinance jumbo loans. However, if you have equity in the property, then you can start speaking to the local lenders and check if they are ready to refinance the loan. You can also contact your current lender in order to get it refinanced.
You can also speak to the lenders of this community and seek a no obligation free mortgage consultation. This will help you to know whether you would get a refinance or not. You will also come to know about the rates you can expect to get.
Thanks
Thank you