Posted on: 18th Aug, 2009 12:08 pm
MY HUSBAND JUST TOOK EARLY RETIREMENT AND I AM STILL WORKING,,WE NEED TO REDUCE OUR MORTGAGE PAYMENT ,,,HE WILL START TO RECEIVE BENEFITS IN ABOUT A YEAR AND A HALF,,,UNTIL THAT TIME ,,WE ARE STRUGGLING WITH THE 9.5 INTEREST RATE
Could you please give us a little more information about your current situation.
Do you know your credit score?
How much is the home worth?
how much do you owe on the mortgage?
What is the household income?
Have you been late on any mortgage payments in the last 12 months?
What type of property is it?
This will allow us to point you in the right direction
Do you know your credit score?
How much is the home worth?
how much do you owe on the mortgage?
What is the household income?
Have you been late on any mortgage payments in the last 12 months?
What type of property is it?
This will allow us to point you in the right direction
hey rmccoy,
you need to check out if your property has equity in it or not. you can contact an appraiser and get the property appraised to know whether or not there's equity in it. if there's equity in your property and if you have a good credit record, then you can apply for a refinance. this will help you in reducing your interest rate. however, you should note that you will have to pay the closing costs in order to get a refinance.
you need to check out if your property has equity in it or not. you can contact an appraiser and get the property appraised to know whether or not there's equity in it. if there's equity in your property and if you have a good credit record, then you can apply for a refinance. this will help you in reducing your interest rate. however, you should note that you will have to pay the closing costs in order to get a refinance.