Help me refi

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Help me refi

Postby FutureBillionaire » Fri Mar 14, 2014 6:29 pm

A long time ago, in a galaxy far, far away:

I signed up for a terrible mortgage during the housing bubble. I have a 1st and 2nd mortgage that was sold to me as an 80/20 loan. I wholeheartedly acknowledge that I was a bumbling fool when I purchased my house.

Fast forward a few years, and Bank of America has sold my first mortgage to Specialized Loan Servicing. They still have my second mortgage.

My question is, what is the best way of refinancing these loans? My credit scores were between 660 and 680 when I bought my house. Now, I'm in the 760-780 range. The rate on my second mortgage is much higher. Although my awareness of credit has improved, I'm still a noob when it comes to the housing market. Any advice or help is much appreciated. I bank with two credit unions, a few online banks, and a couple of national banks. I think I have established relationships that should help me get a good product somewhere.
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