[Person]

In this tough economy Is the mortgage company willing to go forward and maybe lower the mortgage interest

[Jeremy K]

Only if you have good enough credit that they are afraid of you refinancing with some other bank. If your credit sucks, they figure they've got you by the short hairs and won't budge.

[ichyedad]

Actually, in our current economic situation, the mortgage company is more likely to work with you if you have had repayment problems. They don't want to lose anymore money, and the new government bailout funds are for the purpose of helping delinquents restructure their mortgages and hopefully be able to repay them on a timely basis.If you haven't had problems, then your best bet is to seek refinancing -- either through your current company or a different one. You may have to pay some points and/or closing costs. but if you drop your rate by a couple of points, it makes sense.Good Luck.

[foreclosureexpert]

One thing I recommend is checking out this site To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. because they do this report that will qualify you with up to 40 different banks or something. Its cheap i think its like less than $40 bucks and you pay a monthly fee of like 30 dollars to update the report anytime and make sure you get the best loan! they qualify you based on the application you fill out so it checks out your situation..i got this and it helped me..hope that helps!