I bought a townhouse 1 year ago and got in one of these silly ARM loans. I am right now talking to a loan officer about refinancing. He pulled up my credit and my value and it is 200,000. I owe 220k. but fortunally i was able save 20k this year. My question is that i notice other units are up for sale for 190k. I told my loan officer and he said i should not worry it probally appraise for 205 ect. What is involved in this process, i really want to get in to a fixed program. The loan officer already told me i quilfied with credit and income.
2006-12-14
16:00:39
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5 answers
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asked by
amy c
1
in
Renting & Real Estate