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Refinance

I have a 378,000 mortgage balance/conventional loan. Property values are about 370,000 - 380,000. I will have my mortgage balance paid down significantly over the next 6 months to about 365,000. What are my chances of qualifying for a 15 year refinance with no cash out. I'm at 5.50% rate. I have excellent credit. Only debts two small car loans totaling $8500.00. by bristol313696 from , California. Apr 22nd 2017 Reply


Bill Swars (swarsb)
#852 ranked lender in California - 8 contributions

You may qualify for the HARP program but I would need some details pertaining to your loan to know for sure. If you do qualify, then your chances for a 15 year loan are very good. I can be reached at (530) 672-0961 if you would like to discuss a no cost evaluation. Thank you Bill

28 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,628 contributions

More info needed.. your profile says your from CA.. but you say you live in MD.. if the property is your primary residence, and your loan to value is at or below 95%, then you can do a "Rate and Term" refinance. If it's a 2nd home or an investment home, then the LTV's must be lower.. 2nd homes are 90% and Investment must be 80% or lower.. If your loan was initiated prior to June 1st, 2009, then you might qualify for a HARP refinance loan.. But without knowing the details of your specific scenario, it's hard to say.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

28 days ago
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