Mortgage Refinance Question? - Loan Modification - Free Foreclosure Help

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01-06-2009, 10:32 AM

METS07

Junior Member

Join Date: Jan 2009

Posts: 1

Mortgage Refinance Question?

I bought a house about a year and a hlaf ago with a fixed interest rate for 30 years. I locked in at 6.125. Can I refinance this early since it looks like interest rates may fall to 4.5 with Obama coming into office. Do I need more equity built up in order to do this?Thank you.

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