refinance

[Anonymous]

can anyone tell me what scores u need in florida to get an interest rate around 7.5 to 8% My scores at present are tu622,exp 590, eq592 my dti is 53%. I have not pulled dw scores as yet so I dont know what her scores are.  we will  have to reajust our mortgage in feb 08 from 9.8% arm .pay ment will increase  by $200 at that time.    thanks for any answers.

[Anonymous]

has anyone had a recent refinance of their mortage. If so what intrest rate did you get and what were your scores. thank you

[Anonymous]

where are you in Florida?

[Anonymous]

I am in the panhandle, crestview which is 45 miles from pennsacola.

[Anonymous]

bump

[Anonymous]

surely someone has recently refinanced in past few months.I am just trying to get and idea of what score I need to shoot for to get a fixed rate less than the 9.8% arm I am at now. Which bounces to 11% in feb 08.  If none recently anytime anyplace.

[Anonymous]

I think FHA is your only shot.
I really hope you qualify as that is an outrageous interest rate.

[Anonymous]

You also need to get your Dti down as soon as possible- and yes, do everything you can to refi that arm. I had to refi a Heloc- at first was turned down by the original loan holder- but then got lucky and w/ thru CU w/ great rates and excellent service.

Do you belong to local CU? Sometimes they are better cuz they see you as a person and not just a number.

[Miner]

I'm in the middle of a refi in California.

I got a notice a few weeks ago that my mortgage rate with my credit union was going to change to 7.125% (they can only make a 2% jump per year).  I checked the rates at my credit union on Sept.19 (just after the fed's rate drop) and they were offering 6.375% on a 30fixed.  I was a bit miffed as they were offering a new loan at almost a 1% lower from my new APR rate.  So I applied for a refi-loan with them online and had an approval in just few minutes.  I'm glad I liked it as they went back to 6.5% a few days latter.  However, my house was bought in 01 before the biggest part of the home price jump and the amount of my new loan will only be about 50% of the current home value.  It was an easy decision for them to make.  A home loan approval isn't just about fico scores though it really helps.  I should close the loan in 2 weeks.  All that is lacking is a formal appraisal which shouldn't be a problem.

My scores are (numerous lates though all 2 years or more, a collection from 2003 paid in 2006, and CU of 35%):

EQ: 673

EX: 683

TU: 676