Posted on: 20th Oct, 2010 10:39 am
Been in the house for 7 years. Mortgage is in my name only since husbands credit was trashed (still not good). Original mortgage terms $113000 /30 years 7.5%. Only source of income is my husbands tax free disabilty pension which is $50,000 a year. When getting my original mortage my husband had to sign a letter that basically said that he signed over his monthly pension check to me as my income. We put 50% down on the house so no PMI. Currently owe $103000 and would like to lower my interest rate. My credit score is above 800. House was appraised at $300,000. Do I have a chance at this or should I not bother. Thanks