Lower Mortgage Payment

Terry, I closed on my new home in 8/2008 and refinanced in 7/2010 to lower my interest rate from 6% to 5.5% to prepare for tax increase. I found out that I don’t qualify for HARP (2.0) because of the refinance date. My house value is approximately $125,000 less than what I owe on my house ~$311,000. I make my monthly mortgage payments on time and in full and have excellent credit. Is there anyway that I can get a lower interest rate / lower mortgage payments?

Thank you

Terry Says:  There may be mortgage programs available to you — either through the state or federal government. Contact my mortgage guru Leslie Struthers.  Her email is Leslie@guaranteedrate.com.  I trust her to know what might be able to help you.