Mortgage Refinancing

by Gregory from Hoschton, Georgia USA

Ask Kate: Problems with HARP and Mortgage Refinancing Hello Kate, I am trying to refinance and really have no clue to what I am doing. I went through a divorce and was left with the home so I refinanced it four years ago at 6.375%.

Because I did not qualify for the loan with the debt to income ratios, they gave me the loan based on my credit score.

Well I have been really struggling to stay current on all my bills. I have tried to refi with the Making Home Affordable plan but my mortgage company went bankrupt. Now my loan is transferred to another major lender and they do not offer this type of loan.

All this mortgage refinancing makes no sense to me. I have tried to understand it on the government website. I contacted another major loan company famous for being involved in the Home Affordable Refinance Program (HARP) but they are not being very helpful.

So where should I turn and what would be a good step in trying to refinance? Thanks so much for your time. Have a blessed day, Gregory

Kate Answers: Problems with HARP and Mortgage Refinancing

Hello Gregory, I wish I could tell you it isn't so but right now refinancing is about as much fun as getting a root canal. (My apologies to our Dentist friends)

If you've been reading my website, you know what I say. It is your mortgage! The fact that no one cares more about your home than you means it is time to get down to business.

No two ways about it, you should approach getting a lender methodically. Already, your first lender went bankrupt. Next you were transferred to a company not equipped to handle your situation and thirdly, the Big Box Lender you've just contacted has no intention of lending a helping hand. No pun intended!

So it's time for a new approach to mortgage refinancing. Here is where you can learn to compare mortgage rates and find the best lenders in six simple steps. From creating a list to contacting lenders, I walk you through the process step by step.

I also hope you'll follow the links down below leading to a unique look at refinance. In addition, go straight to Stories And Tips Regarding Finding Lenders where other Readers like you share their experiences.

Take a moment to bookmark Problems with HARP and Mortgage Refinancing to your favorites so you can easily return in the future.

Gregory, please come back and visit often. Help me spread the word by sharing my website with your friends. Remember, all of my information is free!

Good luck and please return with other questions,

Ask Kate how to get the best mortgage rates
Ask Kate

Finding Help You Need for Refinancing

Refinancing Advice - Your opportunity to get down to earth refinance nuts and bolts from a mortgage insider.

Having trouble refinancing your mortgage due to fallen property values? Go to Special Edition Making Home Affordable Options.

USDA Rural Home Loan Refinance with no appraisal, no credit report, and no debt-to-income calculations.

Announcing Kate's Mortgage Information Planner - To save money, get your ducks in a row first.

Are you a homeowner trying to decide if Mortgage Refi is worth the cost?

How To Compare Mortgages - Yes it is enough to make anyone want to toss up their hands.

New! Ask Kate's secret to reducing mortgage refinancing costs. Home buyers should read this too!

Real Estate Investor Loans - Three options for investors.

Surprise, it's a barn! Is a Certificate Of Occupancy necessary for your home mortgage refinance?

Refinance With Cash Out - Where is my loan approval?

Save money using My Special Refinance Formula.

Fresh Refinance Ideas - Reasons why and why not to refinance.

Discover my Secrets To Refinancing based on Robin's story

Low Mortgage Payments For Home Owners - Learn how to ask questions and qualify your lender.

Don't be distracted by refinancing lingo. 10 best kept secrets to Low Mortgage Payments.

A collection of Ask Kate Refinancing Questions and Answers II.

A collection of Ask Kate Refinancing Questions and Answers I.

Return from Mortgage Refinancing to Get-Your-Best-Mortgage-Rate home page

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You can also ask Kate about your mortgage at Refinancing Advice The Nuts and Bolts.

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