Jumat, 23 Maret 2012

Q&A: Wondering About A Principal Reduction on my mortgage loan?

Question by Amelia J: Wondering About A Principal Reduction on my mortgage loan?
have a simple question and I am asking for a non political answer!

We have NEVER been late on my mortgage. When I purchased my home back in 2008 I took out a 30 year 6% fixed rate mortgage for $ 281,000.00. Because my husband is in insurance, his finances have suffered significantly so we did a streamline refinance back in September 2011 and took out a 30 year, 4.25% fixed rate mortgage for $ 270,000.00. It

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