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Old 06-11-2010, 06:48 PM
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Default Will I be able to get a refinancing?

I got RIFfed from my job; do I have any hope of getting a refinance on my mortgage based on excellent credit and resources? Right now I could lower my rate by 1.25% cutting total interest payments by 15K and lowering my monthly payments.
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Old 06-11-2010, 08:29 PM
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Default Re: Will I be able to get a refinancing?

no, these people deciding on refi work by the book, they have a list and when you have no monthly income for an extended time they will not even look at it, I have seen Schwab handling things different when you have a major securities account with them, but generally all they do is keep the mortgage and do a securities based or supported loan till you have the income again, hardly something most will be able to do. Some insurance companies may bite if you back it with annuities but thats not an easy game either.
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Old 09-10-2010, 03:53 PM
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Default Re: Will I be able to get a refinancing?

In the past you would have been able to refi, but those types of loans are what has help put America in the pickle(isn't that a nice way to put it) its in now.
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Old 11-04-2010, 09:03 AM
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Default Re: Will I be able to get a refinancing?

I think any ways you should talk to your lender since your credit record is good. you can seek reprieve from them and they should be willing to help you.
they might favorably consider your refinance request or they might even suspend your payment for a limited duration, during which you can find a job.
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