Where is the best place to go for refinancing a home?

I am thinking about refinancing since currently I'm at a 7.5% loan. I've had the house for almost 3 years (paying that interest!) and I'd really like to lower my payments. Can anyone make a good suggestion as to who I should go through for a great deal? Only problem is I don't really have much money to put up front.

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  • Anonymous
    1 decade ago
    Favorite Answer

    Our home is worth exactly the same it was worth 3 years ago, if not less, much less.

    You might not have any equity on your home, even if you put 20% down 3 years ago.

    To refi- you need 10% down (equity), or 20% down if you have any dings on your credit reports.

    First step is to check your credit reports at

    annualcreditreport.com

    print them out - they are free - no credit card required

    fix all the errors and wait 30 days

    Then get your score from Equifax.com for about 8 bucks or so.

    If your score is more than 740 to 760, you will only need to put down 10% down - equity.

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  • Anonymous
    5 years ago

    Here you can compare different options try it is free HTTP://HELP.SMARTFINANCESOLUTIONS.NET

    RE Where is the best place to go for refinancing a home?

    I am thinking about refinancing since currently I'm at a 7.5% loan. I've had the house for almost 3 years (paying that interest!) and I'd really like to lower my payments. Can anyone make a good suggestion as to who I should go through for a great deal? Only problem is I don't really have much money to put up front.

  • 5 years ago

    Compare rates free

  • 1 decade ago

    If you have a 680+ credit score any decent bank will refinance you.

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  • Anonymous
    6 years ago

    This site can solve your problem very fast: http://WWW.CREDIT-COMPARE.NET

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