Posted on: 19th Jul, 2010 08:49 am
Mortgage 1: Balance $34,250 Loan was for $90,569 @12.6199% for 15 yrs. 31 payments left $1,123.39/month
Mortgage 2: Balance $19,000 Loan was for $25,000 @ 16.5 % interest for 25 years. 13 yers left $352.09/month
Total owed on both $53,250
Value of home $150,000
1750 Square feet 2 car garage New energy efficent roof
Want to put both loans into 1 loan at a much lower interest rate and payment.
Credit is good.
Mortgage 2: Balance $19,000 Loan was for $25,000 @ 16.5 % interest for 25 years. 13 yers left $352.09/month
Total owed on both $53,250
Value of home $150,000
1750 Square feet 2 car garage New energy efficent roof
Want to put both loans into 1 loan at a much lower interest rate and payment.
Credit is good.
hi ved!
welcome to forums!
as you've equity in your property, you would be able to get a refinance which will help you in lowering your interest rate and payment. you can contact your present lender and apply for a refinance. you've mentioned that you've a good credit score. this will provide you a better chance to get a mortgage refinance.
this community has a large number of lenders. you can seek a no obligation free mortgage quote from them which will help you in knowing what type of rates and terms you would receive.
feel free to ask if you've further queries.
sussane
welcome to forums!
as you've equity in your property, you would be able to get a refinance which will help you in lowering your interest rate and payment. you can contact your present lender and apply for a refinance. you've mentioned that you've a good credit score. this will provide you a better chance to get a mortgage refinance.
this community has a large number of lenders. you can seek a no obligation free mortgage quote from them which will help you in knowing what type of rates and terms you would receive.
feel free to ask if you've further queries.
sussane