Posts Tagged ‘I’

Can I Refinance My Mortgage With No Closing Costs If I Owe More Than It Is Worth?

Sunday, June 28th, 2009

I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress. The main problem is that because of the current market, I owe more than what it is worth.
Is this possible without bringing any money to the table for closing?

Can I Refinance My Mortgage With No Closing Costs If I Owe More Than It Is Worth?

Saturday, June 27th, 2009

I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress. The main problem is that because of the current market, I owe more than what it is worth.
Is this possible without bringing any money to the table for closing?