Would like a lower rate

And I would like a pot of gold at the end of my rainbow... but seriously.. if you're willing to pay enough money, you can buy the rate down which is not the smartest thing to do, or you could do a 5/1 adjustable rate mortgage.. Again not the smartest thing to do.. You can even go 15 years vs. 20 to 30 years, but you're not going to get under 3% for sure.. you have a relatively low loan amount so the "Teaser" rates you see everywhere do not apply to you... read the small print, you will see it applies to loan amounts over $200K, 760 credit, 80% Loan to Value, and they are adjustable rates with you paying a ton of fees.. if you want a realistic quote, then the best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet 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. 480-287-5714 WilliamAcres.com

You would need to do a 15 year loan to get rates that low.

Jonnie - hi! Please complete loan application on our website: www.lechelmortgage.com we are a local broker - and i can review pricing options terms etc. with you and ultimately will be your decision which program /rate.Please give us a call with any questions. 260 221 0030

You are asking your question in the wrong forum. If that is the real rate that you are trying to obtain on a refinance, maybe you should be applying online with LendingTree.com as they claim to provide what you desire. Good luck!

Unless you are willing to accept the risk on an Adjustable Rate Mortgage (ARM), and I wouldn't, you are not going to find a rate on a 30 year term loan in the low 3's and certainly not in the 2's. My advice is to work with a local Mortgage Banker/Broker and see what they can do for you based on your qualifications. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950