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My mother needs to refinance 60,000 to lower her interest rate Her home is valued at $250,000 Her credit score is 670 because

by ShizukoMH520 from , California. May 26th 2014 Reply


Marty Appel (MartyA)
#698 ranked lender in California - 9 contributions

If she is 62 yo or more get a reverse mortgage pay off this loan with that and have no mortgage payment. Interest rate is 2.4074 Libor. Email me I am in SF area. LM_Appel@ yahoo.com

May 26th 2014
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John Moran (TheHomeMortgagePro)
#7 ranked lender in Arizona - 661 contributions

I think your question was cut off, feel free to provide more detail. Everything you have mentioned thus far seems just fine for a refinance.

May 27th 2014
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 796 contributions

Yes if she is 62 years old or more a reverse mortgage could be the best way to go. We have the lowest reverse rates out there. Give me a call 954-274-7725 Ralph Guertin or email me at ralph@absolutelowrates.com

May 27th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,246 contributions

If she is only refinancing $60,000 she may find that her payment on a new mortgage will not change significantly regardless of a lower interest rate unless she has a longer term of a mortgage.. With that low a loan compared to the value of the home the 670 score probably will not be a problem.

May 27th 2014
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