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Refinance Question

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Anonymous
Not applicable
‎01-04-2009 02:45 PM
‎01-04-2009 02:45 PM

Refinance Question

When we bought the house in June of 2008. We got rate of 6.625. We bought the house for $257,000 and put 10 percent downpayment. So our mortgage balance was $231,000. Since the rates are low would I be able to refinance my mortgage in 6 months or do I have to wait for a year?
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BrianB_The_Loan_Professor
Valued Contributor
‎01-04-2009 08:52 PM
‎01-04-2009 08:52 PM

Re: Refinance Question

You can refi now

If you used FHA you may be a candidate for a streamline refi - easier paperwork and a few dollars less.

Brian

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Brian B The Loan Professor
Mortgage Banker - offering FHA, VA, USDA , and Conventional mortgages in all 50 states -

If I do not respond to a follow up question please feel free to contact me directly
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