Posted on: 31st Mar, 2009 02:49 pm
We are currently in a 30 year mortgage at 9.2% interest owing 149,000 which we've been in for 2 years with penalty to be paid if paid off before 5 years. This is a manufactured home in a "55 & older nicer park" and we bought the land- (not sure who has the title to that). We are 68 and 58 years old and both of us are still working. Is refinancing at this time do-able? Our payment is $1540 - would love to get it lowered. Our only other debt is a car payment. We live in Oregon and plan to stay in this house until we die.
Refinancing is def. do-able, but there are a lot of variables with a manufactured home. I would DEFINETLY get out of your 9.2%, right now rates are way lower. If you are interested, please feel free to contact me, and I can look further into your situation and I can get some more details from you.
hi sjord!
welcome to forums!
as ashley has said, refinance is always possible in order to lower the interest rates. if you are current on your mortgage payments and if your property has some equity, you won't face problems in refinancing the loan. you can speak to your current lender and check out if he can refinance the loan for you. you can speak to other lenders as well.
this community also has a large number of lenders. you can seek a no obligation free mortgage consultation from them and get to know the type of rates you can receive.
feel free to ask if you have further queries.
sussane
welcome to forums!
as ashley has said, refinance is always possible in order to lower the interest rates. if you are current on your mortgage payments and if your property has some equity, you won't face problems in refinancing the loan. you can speak to your current lender and check out if he can refinance the loan for you. you can speak to other lenders as well.
this community also has a large number of lenders. you can seek a no obligation free mortgage consultation from them and get to know the type of rates you can receive.
feel free to ask if you have further queries.
sussane
please find a way to refinance...9.25% is way too high for you to suffer with it.
