I want to refinance my home loan to get a better rate. I purchased the home 1 year ago and currently have a 30 year fixed at 7.0%. I bought the house for 475,000 an currenty owe 423,000. I worried that the home prices have droped so low in my area because of foreclosures that they won't let me refinance. Also, do you have to get an appraisal on your house before you can refi? Thanks
2007-12-06
14:18:07
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3 answers
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asked by
Keef
1
in
Business & Finance
➔ Renting & Real Estate