I am backwards on my mortgage and it’s a five year arm will re-set in June with a HELOC. I need to refinance! I am paying interest only on my Sallie Mae loan this year and putting all my money into paying-off the HELOC. My credit score is 740 and all of my credit cards are paid off along with another small student loan.
I have been to Wells Fargo multiple times to refinance my primary loan to a fixed and they keep brushing me off. Is there anyone out there who is legit who will refinance my mortgage to a fixed rate. I want to do it before interest rates start going up.
I’m not certain what you mean by “backwards” on your mortgage. I assume you are saying you owe more than it is worth. If that is the case, even with having good credit, refinancing will be a problem. How much do you owe on the mortgage and how much is your home worth?