Posted on: 11th Mar, 2011 09:02 am
My wife and i just got married and i walked into a disaster. She refinanced a home with 9.2 intrest rate and 1500. month payments ...is that normal? She is about to loose it in a forclosure.
Hi glamdrain
Welcome to Mortgage fit,
It is really a tough situation to face a foreclosure.But 9.2 % is really a rocket high interest rate.But I do think that this is essential in order to save your house from foreclosure.But as far as deal is concerned you should ask your lender to refiance it as early as possible or else should look for some other lender who is ready to refinance it at modest interest rate.
DIPA
Welcome to Mortgage fit,
It is really a tough situation to face a foreclosure.But 9.2 % is really a rocket high interest rate.But I do think that this is essential in order to save your house from foreclosure.But as far as deal is concerned you should ask your lender to refiance it as early as possible or else should look for some other lender who is ready to refinance it at modest interest rate.
DIPA