Refi to Lower Payments - Possible?

[ Follow Ups ] [ Post Followup ] [ CREOnline Lenders Forum ]

Posted by Steve on October 23, 2009 at 16:21:47:

Here's my situation:

Bought a property in Florida in 2006 and have the following loans

1st: 170960 8.75% Payment: $1299 Adjustable 30 year amort
2nd: 42704 12.99% Payment: $477 15 year fixed amort over 30

At this point the house is only worth about $150,000. I've never missed a payment, and long
term want to keep the house. I have a good solid income (~$70,000/yr),
middle credit score of 750, and only a little other debt to speak of. My question...is there anyway for me to refi these mortgages to lower
the payment?

Thx,
Steve

Follow Ups:


Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:

[ Follow Ups ] [ Post Followup ] [ CREOnline Lenders Forum ]

CRE Online, Inc. © 2007, All Rights Reserved.
creonline.com