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i have a conventional loan at almost 7% backed up by one nevada credit union i have 805 fico can i refinance

hi id like to know if i am under the water with my conventional loancan i get a lower interest rate. my house is worth 50k i owe 160k,took a loan out about 5 years ago for 250k when the market was high.my interest rate is about 7%...is there anything you can do to lowermy interest rate? i have been in my house for over 20 years. it wasonce paid off and i do not want to loose it. please let me know ifthere is anything you can do. thank you and your time will greatly beappriciated. by bobbyb_981_415 from Las Vegas, Nevada. Mar 20th 2013 Reply


Janine Bodway (jbodway)
#4 ranked lender in Montana - 42 contributions

BobbyDiscussing your individual situation one on one is recommended to fully assess your options. A first step would be to see if you qualify for a Fannie Mae Refi Plus or Freddie Mac Open Access Refi. Both of these programs allow your loan to value to exceed 100% if your home is eligible and you receive approval. However, if approved, the 2nd lien holder must review and approve a subordination to allow the refinance. Please feel free to contact me to review for you and I would certainly like to help you if possible. jbodway@acceptancecapital.com

Mar 20th 2013
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Ron Pippin (RonPippin)
#26 ranked lender in Utah - 158 contributions

The information provided by Janine is better known as the HARP programs and are made for exactly your situation. I have an office in St George, ( just a couple hours from you) and can help you with this program. rpippin@bankofutah.com

Mar 20th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

You face a big challenge. Contact one of the fine lenders on this forum, who is in your area.

Mar 20th 2013
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Peter Savino (855411LEND)
#100 ranked lender in New Jersey - 332 contributions

Check out some of the lenders who have replied, You need a Harp loan and many of them can help you

Mar 20th 2013
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

Maybe. What happens in Vegas, stays in Vegas right?

Mar 20th 2013
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Hello Bobby,My office is located in Las Vegas near the 215 and Eastern Avenue. We have been in business for over 26 years. We are a direct lender with Fannie Mae offering the HARP Program with no overlays to the guidelines Fannie Mae has created. This will ensure you the best chance of qualification at a low rate and cost. We do NOT charge an origination fee (1-2%) like many of our competitors. Our average time from application to closing is 2.5 weeks on all programs. If you are interested in a prequalification for this program, please call us at 702-420-2250 and we can get that to you in under (1) hour.

Mar 20th 2013
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Teresa DelRosario (TeresaDelRosario)
#37 ranked lender in Nevada - 3 contributions

Call me to discuss :-)Teresa C. Del RosarioWJ Bradley Mortgage Capital LLC2200 Paseo Verde Pkwy # 150Henderson, NV 89052702-749-4570 Office702-232-9140 Cell702-932-9412 FaxEmail:teresa.delrosario@wjbradley.com

Mar 20th 2013
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