| FHA Refinance If you are facing foreclosure we have helped many homeowners refinance out of foreclosure to a fixed rate loan. |
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02-08-2010, 10:38 AM
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how can i refinance my home? i have the loan through
FHA, had house for 2.5 years now? i am needing to refinance my home so that i can get a lower monthly mortgage. i financed it at 6.75% through a FHA home loan 2 and a half years ago. my mortgage is $870 a month now. I would love for it to be $650 a month or lower. if that is even possible. my house payment is fixed it dont go up or down thank god. oh and i have missed only one payment in 2.5 years about 6 months ago. i know that is horrible it was late i didnt miss it. so can you please help. my credit is ok, i am like $2000 in debt.
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02-09-2010, 02:36 PM
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You can only refinance if interest rates are under 6.75, and it's only really worth it if it's down to about 5. I imagine, though, that with the economic problems caused by the housing bubble and all that, no one is going to be eager to refinance you.
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