Should I refinance or not

The only reason you should care if the existing home loan was not reaffirmed in the BK would be if you were planning to let it go back as a foreclosure. Yes, you should refinance NOW. This would likely lower your rate into the high twos or low threes. Depending on the balance, the interest you could save could be significant. If you think you will be interested in either buying a rental or buying a new primary residence and converting the old property into a rental, now or in the future, having a much lower rate and payment would make it easier to both qualify AND afford both homes. Even if you don't make the other purchase, the interest savings alone would likely make it worthwhile. Feel free to reach out to discuss various options and let me show you how much you can save.Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000.

If you can save money, do it. An old BK, and buying a new home down the line are not reasons to worry about. Refinance Now! I lend in MN WI IA SD ND. Find me at JoeMetzler.com - Cambria Mortgage NMLS 274132