| Re: Can We Refinance?
Mom...we went through this on another thread...you are understandably very concerned, however the advice is still the same, you need to wait for the higher loan amounts with FHA to come out and determine that that time if the area you are in will allow for a Jumbo Refi with FHA.
There are no loans presently that will accommodate your situation, and if you allow panic to drive the decision making in this situation you will most likely end up with a loan worse than the one that you have.
Please go back to the original thread and re-read the information that I gave you, this is a lender viewpoint and an underwriters viewpoint on the situation.
No one on this forum can achieve the refinance for you, we do not allow the lenders or the brokers to sell loans on this forum. Your situation is very common and until the higher FHA loan limits are established you are not in a position to achieve a refinance yet. The LTV is just that the problem and FHA will relieve that problem. The late payment in August is moot as long as the one in January or Feb came off as you indicated. |