Refinancing a home?

[mmm240]

I know that rates are low right now, but not sure how low. I'm looking for advice.

I have two mortgages ATM; one at a fixed 6.125 (about 75%), other Adjustable currently at 5.75 (about 14%) So I've got some equity. I am looking to combine them into one fixed. I just spoke with an "adjuster" with whom I have the loans and he couldn't combine them and could only get my fixed to 4.875% at a cost of about $1200. That would save me $70 something a month. Pfft, that ain't s***. I think, I'm still pretty new to this.

But I think because my house is worth less than what I bought it at two years ago means the rates are pretty damn low, am I right?

How would you go about this?

[blacksrjdm]

I certainly wouldnt have made a thread on a car forum about it. Feel free to call financial institutions, such as a bank. Or a mortgage company. This is not something I would leave up to people on a car forum. I have my mortgage fixed at 4.25% and if I were to refinance or otherwise, I would start where I got the loan, and then it they cant help me I would get online and make some calls. There are alot of companies out there helping consolidate credit. Do some research and dont spend too much time here trying to figure it out.

[mmm240]

This car forum sure has a lot of sub forums that have nothing to do with cars. Thanks anyway.

[blacksrjdm]

Ya, and I see your getting all kinds of great help too.

[mmm240]

I've gotten help from ya'll for lots of off the wall s***. Guess I should have just posted this in Gen chat.

I'm just curious how to negotiate this. How and when did you get that 4.25 rate? I'm hoping for something at least that low. I know it depends on where you live, but the average is pretty low right?