I recently bought a home for 7% fixed mortgage for a mortgage of 170,000. Can I do better - mort./mo.pymts?

Asked by Mary Lou Gallegos, 79913 Sat Jul 14, 2007

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Wayne Laverd…, , Dover, NH
Mon Nov 26, 2007
It depends on your current credit score, how much your new loan amount will be compared to the current market value, ect. If you recently purchased the home and financed 100% of the purchase price you may not have any equity in the home yet. If you put a good chunk of money down then you may benefit from refinancing.
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Debt Free Da…, , 85260
Mon Nov 26, 2007
If you have good credit, you could probably drop your rate .75% right now.
Web Reference:  http://GetPrequalified.com
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Jon Sterling, , Aspen, CO
Sat Jul 14, 2007
Perhaps. The biggest factor will probably be your credit score. If you haven't talked to several banks, I would suggest you start there. You can do some preliminary searching online. http://www.lendingtree.com is another great resource.
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