Posted on: 13th Feb, 2009 05:31 pm
I have a current morgage rate of 6.8 I bought the house in 9/07 and currently owe 128,000 I would like to get a new morgage but like my lender will the laws in NC allow me just to pay the bank for rewriting the loan or renegotiate my current loan
It depends upon your bank. Most are not doing that. My bank DID allow me to just change my rate for a fee but I hear that they discontinued that program now.
Hi sdifulio!
Welcome to forums!
I don't think you will be able to get lower rates or new rates without refinancing the property. If you have equity on the property, then you can request the lender for a refinance in order to get lower rates.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
I don't think you will be able to get lower rates or new rates without refinancing the property. If you have equity on the property, then you can request the lender for a refinance in order to get lower rates.
Feel free to ask if you have further queries.
Sussane
it is worth asking the question of your lender, but i agree with eric that it is unlikely you'll find them willing to do so.
I have a loan at Wachovia at 5.75%. I can refinance for much lower somewhere else. Its a shame a bank would opt to lose my business to a refinance when they could lower my current interest to closer to a market rate for a fair fee.