Question by stant_98: Should I refinance or wait some more?
I have two mortgages: first with a balance 186K and second with a balance of 27K. My loan to value ratio based on the value of home and first mortgage balance is 91%. My first mortgage as a 5-yr ARM due to reset in June 2010. I qualify for “Make Home Affordable” Program. I’ve been told that under this program I will not have to pay PMI.
Should I rush into refinancing my home or wait?
Best answer:
Answer by golferwhoworks
I would while it has funding as that can go away at any time
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Rates are low, programs are available….absolutely no reason to wait.