Hi every one

I am wandering for a good refinance loan with a low rate.
Can any one suggest or give information regarding refinance loan?


Thanks&Regards

Robert Excel

That's kind of a broad question. It honestly depends on your FICO score and your 12 month mortgage history. A 620 FICO is needed for an "A" paper loan which basically as of 6/7/06 means a 30 Year Fixed @ 6.375-6.5%. There are other programs which aren't FICO score driven, but your 12 month mortgage history cannot contain any late payments. Another important factor, is your Loan to Value. If your LTV exceeds 80%, then you are classified as a high risk loan. But then again, if you have a high enough FICO score, you are still able to get a decent rate.

__________________
Kevin
klu@nationwidemortgage.net
Nationwide Mortgage
Toll free (866)427-7200

There are actually some companies now that WILL finance you with mortgage lates on your credit, quite a few actually. You can finance 100% with a fico as low as 580. I've seen some programs lower. Now your rate won't be all that great..but it is available.
There are lots of different product too..you can refinance into a arm..adjustable rate mortgage..maybe like a 3/27...that means for the first 3 years your rate is fixed and then it becomes adjustable for the last 27 (you would refinance out of that). If you have a lower fico score that would help out your payments.

If you have any additional questions I would be happy to help you..i can work with lenders all over the country getting wholesale rates on tons of different products. Feel free to email me if you need assitance..sarahbixb@gmail.com