need a good refi rate to lower my payments but not backed by fannie

The Harp program is intended for borrowers who have insufficient or negative equity.. 10 years into a 30 year mortgage, you should have sufficient equity to refinance without using HARP.. as far as rates goes.. they are still good, but they are going up and fast. Understand that no competent loan officer would ever shoot out a rate quote without seeing the complete profile, so if anyone here does, they would be the last person you should use.. If you want to know some real numbers, you should contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

I am not sure i am following your question completely, are you looking to get a HARP loan for your current mortgage? are you just trying to refi into a lower rate? are you trying to reduce the term of your loan? I can do loans backed by Fannie, Freddie, FHA, USDA, VA and then also non conventional as well.If you can be more specific I would be glad to help!

Sure, you should have options as long as you can document income and have at least 5% equity in the property (possibly if it will be over 417K loan). Rates are generally in the mid to upper 4% range for a 30 year fixed with 0 points/origination fee. You should check around with 2-3 reputable lenders, discuss your scenario and and find out what their rates and fees are - usually on the same day because rates can change abruptly - even on the same day. There is very little difference between a so-called local lender and one that works nationally. Even the local broker, credit union or community bank is generally selling their loan to a national company or investor. Find someone you want to work with and has competitve rates and pricing, and experienced people know how to make sure your experience is positive. I'm from MA but not licensed there however we do have offices in your area if you would like a referral.

Any loan you will need to qualify for the payments, sometimes HARP is more flexible if your current loan is more eligible. You might see a reduction in payments by starting over in a new 30 year mortgage.

- and of course you can always pay extra once your wife is back to work and a larger payment is comfortable.

I would be more than happy to have an opportunity to earn your trust and perhaps your business as well! If you click on my picture it will give you all my contact data.With the unemployment there is still the possibility of helping you but there is no real way to tell how much without a conversation first I am afraid. I am licensed in both MA and NH and try to meet all my clients face to face as I find they appreciate the ability to ask as many questions together as necessary to be comfortable. I give all my clients multiple loan options explaining the benefits and drawbacks to each allowing them to make an educated decision as the the one that will best fit their family's needs.Cheers!Cory

You don't mention one of the most important questions... What is your loan to value? A HARP loan is for those who have lost a lot of value and or are underwater. Talk to a local mortgage broker about non HARP options. www.HARP-Refinance-MN.com