Question: How to refinance my home?

(Posted by: Carlos R on 2009-06-01 13:55:51)

Where and what number can i call to refinance my home when my job salary went down. what is the first step, or what do i do?

Posted by: Jeremy on 2009-06-01, 14:13:13

I think you are interested in a loan modification (vs. a refinance) With a loan modification, you don't pay all of the closing costs and fees that you get with a refinance. You need to call your current mortgage company and ask them about a modification. If they try to push refinancing on you, tell them you want to look into a modification first. You may have to talk to several people before you get anyone that's helpful. You can email me if you run into a road block.

Posted by: Wee_Willie_Winkie on 2009-06-05, 11:48:07

The 1st step is to call the holder of your loan and see if they can do better on the rate.... then shop the loan at other places...