If I refinance my home, is there a good chance that my payments will drop?

jstone1923 asked:


I have horrible credit, but our auto interest is much higher than our home. Does auto interest typically tend to be higher?

Sally

Tags: Auto Interest, Good Chance, Refinance

This entry was posted on Saturday, May 30th, 2009 at 12:08 pm and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “If I refinance my home, is there a good chance that my payments will drop?”

1. carpenter Says:
   June 2nd, 2009 at 12:49 pm

   Shannon

   If you have horrible credit you won’t be able to refi. yes auto loans are higher because they are short term loans.

2. Lucy Says:
   June 4th, 2009 at 4:12 am

   Brian

   if you refi at a lowere rate, with no cash out

3. Ryan M Says:
   June 6th, 2009 at 5:40 am

   Harvey

   Your payments will drop if the interest rate is lower or if the terms of the loan are modified to be paid off at a later date. Auto rates vary much more widely than home rates. not a very good indicator.

4. Wendee C Says:
   June 9th, 2009 at 11:14 am

   Loretta

   E-mail me. I can help you modify your loan to get lower payments. The paperwork is much less and there are no closing cost. You won’t get a refi with bad credit these days. Let me help you!