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MotherOf5 · 02-25-2008, 06:11 AM

Hello Everyone,
We have had problems refiancing. We have been trying for months. We have credit scores of 688, 632, 686. We have a jumbo mortgage 557000. Our monthly payments are 5540 and that is with taxes and insurance. We have a 10.7% rate and all we want to do is lower our interest rate with no cash out. Our house appraised at 620000. We have a problem

that our ltv is to high. What can we do. We are struggling to make these payments and need to refinance ASAP.

02-25-2008, 06:11 AM	#1 (permalink)
MotherOf5 Senior Member Join Date: Feb 2008 Posts: 32 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Can We Refinance? Hello Everyone, We have had problems refiancing. We have been trying for months. We have credit scores of 688, 632, 686. We have a jumbo mortgage 557000. Our monthly payments are 5540 and that is with taxes and insurance. We have a 10.7% rate and all we want to do is lower our interest rate with no cash out. Our house appraised at 620000. We have a problem that our ltv is to high. What can we do. We are struggling to make these payments and need to refinance ASAP.