2006-09-26 15:11:10 · 4 answers · asked by cwstaenglen 1 in Home & Garden ➔ Other - Home & Garden
Refinance
2006-09-26 15:19:09 · answer #1 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
Unless you are willing to refinance your current mortgage, you're stuck with the current lender until you sell, refi or they sell the servicing of your mortgage to another lender.
That being said, if you choose to refinance your current mortgage, you are subject to whatever the current rates are for the type of mortgage you want, whether it's a fixed rate, adjustable rate, interest only, whatever. Please understand that if you DO refi and you use a mortgage broker (which I recommend), the broker will be looking for the lender with the program you want at the best rate and that could end up being the very same lender.
If you are in the process of applying for a mortgage right now, and have signed a lock-in agreement with a broker or lender, that is a binding contract and you really can't get out of it. Any other broker or lender that allows you to lock with them when you're locked in somewhere else has some ethics issues. Whatever you do to try to get out of the loan app process, make your request in writing and be very courteous.
2006-09-26 22:26:11 · answer #2 · answered by nu_shashita 3 · 0⤊ 0⤋
Refinance it by getting a second morgage with a different company in the amount of the first morgage and pay it off using that money.
2006-09-26 22:18:52 · answer #3 · answered by Mark G 7 · 0⤊ 0⤋
Category:
Business & Finance/ Renting and Real Estate
2006-09-26 22:37:44 · answer #4 · answered by ? 6 · 0⤊ 0⤋