Posted on: 15th Jan, 2009 08:09 am
I have a 1st and 2nd mortgage. The 2nd mortgage has a high interest rate and the bank will to work with me to refi. My credit is excellant, I am not late on any payments nowhere and they tell me to bad.
hi ken
refinancing the property will also depend upon the equity of the property. if the property has equity and if you have a good credit score, then i don't think the lender should deny you a refinance. if your current lender is denying refinance, then you can check out with the other lenders as well. they might refinance the property.
you can even speak to the lenders of this community and get a no obligation free mortgage consultation from them. this will help you to know the kind of rates and terms you may expect to get.
thanks.
refinancing the property will also depend upon the equity of the property. if the property has equity and if you have a good credit score, then i don't think the lender should deny you a refinance. if your current lender is denying refinance, then you can check out with the other lenders as well. they might refinance the property.
you can even speak to the lenders of this community and get a no obligation free mortgage consultation from them. this will help you to know the kind of rates and terms you may expect to get.
thanks.