I bought my first home from my parents about 2 years ago. The loan at the time was 8%. With the federal interest rates so low is it possible to refinance my fixed rate loan to a lower interest rate with not so good credit. I have a few lates on my mortgage along with an apartment eviction this year and collection accounts. Am I doomed to fail?
More From 911 loan modification
- Can Anyone Explain Why Gold Has Dropped While The Federal Reserve Continues To Lower Interest Rates?
- My Fixed Rate Mortgage Has Come To An End. Should I Get A New One Now Or Hope Interest Rates Fall Again?
- How Do I Negotiate Lower Interest Rates On My Credit Cards?
911 loan modification Recommends
- Mortgage Interest Rates:your Questions Answered (Alan)
- Get a Assured Accepted Auto Loan for No Credit History (companies galore)
GD Star Rating
loading...
loading...
Related Posts:
Tags: Apartment, Collection Accounts, Credit, Federal, Federal Interest Rates, Fixed, Fixed Rate Loan, Good, Interest, Interest Rate, Into, Loan Rate, Lower, Mortgage, Parents, Rate, Rates, Refinance, Refinance Loan, Refinance Rate
One Response to “With The Federal Interest Rates So Low Can I Refinance Into A Lower Fixed Rate With Not So Good Credit?”
Leave a Reply
Filled Under: Mortgage Loan Modification
December 15th, 2009 at 3:06 am
No you will not be able to refinance in this market most banks are only lending to those with stellar credit and some are not lending at all with a credit history like yours you aren’t gonna get anything better than the 8 percent you have now
loading...