Can anybody help with any information on how to refinance a home loane? I have 80/20 home loan with bank of A merica first and the bigs loan the intrest rate about 7.25% the second loan is 14% intrest rate. Let me tell you it is so difficulte to make payment with that kind intrest rate,and I dont want to leave the house ,and walk off because of familly. All I want is to refinance,but the dam bank went let me they helped me with home affordable modofication,but that only for 1 year stupid. Those any body have or know a way to refinance I know the intrest rate it is low know. bank of America said I dont make enough money,and I only had a job for less than two years.They also said I am not behind on my payment they only help people who is behind on their paymet witch don't make any sence to me. have any body dealed or dealing with QUICKEN LOANS or any company out there that don't ripe off people and actuly helps people. Please help with any informations. Thanks you guys.
Quicken Loans is a great company. You may run into the same problems with less than 2 years employment and income level. It's worth a try though. What are your FICO scores?
I don't not know my credit score yet I do get my score from creditkeeper.com but I don't think it is the real score. I want to ask those it hurt you credit score when the lender pulls your credit,or how is work? how many times can the pull your credit with a time frame before it hurt your credit score? I did read some reviews about Quickenloans and it did not sount to good. Thanks
Your FICO scores take a hit every time a lender pulls your credit. That said, if you're shopping for a mortgage, make sure every lender you go to pulls your credit around the same time. The credit scoring model won't penalize you for shopping around and it will count all the hard inquiries as one. I've heard several good reviews about Quicken, but I've never used them personally. Do you have a local credit union you use? You may want to start out by talking to them as well.
Hi, any update about your score? you should i think try to get your score in order for you to have an idea how well you are.
I would call around to couple different mortgage brokers instead of going directly to your bank. Mortgage brokers have access to multiple loan programs from many different lenders. They are usually more creative with how they can structure your loan. Good Luck! Heather with BoostMyScore.NET
