2007-10-02 10:05:31 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I'm in Wisconsin.
2007-10-02 10:23:53 · update #1
The Government controls much the mortgage business.
President Bush have implemented an FHA refinance program called "FHASecure". To qualify, borrowers must meet 5 criteria:
1) History of timely mortgage payments before their adjustable rate increased
2) Rate will re-set between June 2005 and December 2009
3) 3% equity in home or 3% cash
4) Sustained employment history
5) Income must meet qualifying guidelines
I found interesting information about your answer & the best options here. (mortgage opportunitty refinancing )
http://all-mortgage-calculators.blogspot.com/2007/06/mortgage-opportunitty-financing-and.html
Good luck!
2007-10-03 09:31:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'm partial to State Farm Bank (unless you're in Rhode Island) and Bank of America.
2007-10-02 10:21:40 · answer #2 · answered by Debdeb 7 · 0⤊ 0⤋
Generally I'd advise starting with a local broker or bank in your area. For good recommendations ask people you know who they used and how they liked them. If that fails then go with your local chamber of commerce or BBB.
2007-10-02 10:20:26 · answer #3 · answered by matzael 3 · 0⤊ 0⤋
you do no longer inevitably ought to apply one on your state. I heard from someone interior the non-public loan biz that the perfect place is a smaller economic enterprise. they might do the lending and attempt harder to finance you. in my view my final refinance grew to become into with Flagstar economic enterprise in Arizona and that i admire the deal I have been given. bear in mind the better your credit status the greater appropriate the deal.
2016-11-07 01:58:03 · answer #4 · answered by ? 4 · 0⤊ 0⤋
I had good luck with Option One until they sold my mortgage.
I did not like Wachovia at all. right now I'm with Citicorp- they're good. best of luck.
2007-10-02 10:09:15 · answer #5 · answered by mclass920 3 · 0⤊ 0⤋