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Mortgage refinance

Posted on: 05th Nov, 2010 06:13 am
i need to find someone to refinance my mobile home it is in foreclosure and don't want to lose it.....had a variable rate and they upped mortgage 120 a month then hours cut at work and lost 400 income on top of it - please someone help me out
Hi dmerrill,

If you are delinquent on your mortgage payments and if the property does not have any equity, then you won't be able to get a mortgage refinance. If you've at least 20% equity in your property, then you can contact your lender and apply for a mortgage refinance. The lender will go through your credit and financial situation and let you know whether or not you can get a refinance.

Thanks
Posted on: 05th Nov, 2010 11:07 pm
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