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  1. #1
    Jennifer
    Guest

    Default Very frustrated!!!

    My husband and I are trying to refinance our mortgage as come Dec our mortgage

    will go to

    a variable rate. Our credit scores are better than last time(2yrs ago), but one

    lender just

    called me back saying they follow the Freddie Mac Guidelines and with our credit

    scores, they

    cannot give us a mortgage. I am SOOOO frustrated!!!! Our scores are:

    Me-630,598,634 and

    my husbands-536,595,589. So, I cannot understand why his score is less, but

    whatever. The

    lender who wouldn't give us the loan said that there are lenders out there that

    will lend to us,

    but finding them is a pain in the A**. I did go to bankrate.com and am

    overwhelmed. I guess

    I don't really have a question, unless anyone has any suggestions, I just needed

    to vent!

    Thank you.

    Jennifer










  2. #2
    herberkids3
    Guest

    Default Very frustrated!!!

    The scores are a bit on the low side for a good rate (ours is a tad

    higher at 640), but you should still be able to find a lender.



    Keep calling around, though. Just because one said no, doesn't mean

    others will. It -can- be frustrating, though, being told no.



    Is it possible to make a lump sum payment towards the balance? Kind

    of like you would with a down payment? That might help secure a

    lender to refinance.



    --- In Budget101_@yahoogroups.com, "Jennifer" <gjhuff44@...> wrote:

    >

    > My husband and I are trying to refinance our mortgage as come Dec

    our mortgage

    > will go to

    > a variable rate. Our credit scores are better than last time(2yrs

    ago), but one

    > lender just

    > called me back saying they follow the Freddie Mac Guidelines and

    with our credit

    > scores, they

    > cannot give us a mortgage. I am SOOOO frustrated!!!! Our scores

    are:

    > Me-630,598,634 and

    > my husbands-536,595,589. So, I cannot understand why his score is

    less, but

    > whatever. The

    > lender who wouldn't give us the loan said that there are lenders

    out there that

    > will lend to us,

    > but finding them is a pain in the A**. I did go to bankrate.com

    and am

    > overwhelmed. I guess

    > I don't really have a question, unless anyone has any suggestions,

    I just needed

    > to vent!

    > Thank you.

    > Jennifer

    >










  3. #3
    stephanie b
    Guest

    Default Very frustrated!!!

    I don't know about re-fis. I am currently buying and my scores are alittle lower than yours, with a Bankruptcy 2 years ago....I went through Capital One. Give them a call, I had an answer within an hour..... Also you must know that the mortgage industry is rapidly changing because of a bunch of foreclosures and so many people getting loans that they really couldn’t afford. I have confirmed that they have discontinued many programs that ‘regular’ (and poor) people used to depend on to become home owners. So this may be why you are having some challenges..... Stephanie

    &#32;
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  4. #4
    Shana Lawson
    Guest

    Default Very frustrated!!!

    Try Churchill Mortgage.

    Jennifer <gjhuff44@earthlink.net> wrote: My husband and I are trying to refinance our mortgage as come Dec our mortgage
    will go to
    a variable rate. Our credit scores are better than last time(2yrs ago), but one
    lender just
    called me back saying they follow the Freddie Mac Guidelines and with our credit
    scores, they
    cannot give us a mortgage. I am SOOOO frustrated!!!! Our scores are:
    Me-630,598,634 and
    my husbands-536,595,589. So, I cannot understand why his score
    is less, but
    whatever. The
    lender who wouldn't give us the loan said that there are lenders out there that
    will lend to us,
    but finding them is a pain in the A**. I did go to bankrate.com and am
    overwhelmed. I guess
    I don't really have a question, unless anyone has any suggestions, I just needed
    to vent!
    Thank you.
    Jennifer




    &#32;
    Be a better Heartthrob. Get better relationship answers from someone who knows.
    Yahoo! Answers - Check it out.


 

 

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