- Posted October 16, 2012 by
This iReport is part of an assignment:
Questions for Candy Crowley
unable to refinance home
With recent lower mortgage rates, we would LOVE to refinance to save money. As the various lenders say we do qualify for today's lower rates, closing expenses are unrealistic. Many of these are well over $5000.
As my wife is newly unemployed due to the continued down turn, we are unable to take advantage of today's rates, and just do not have the cash lying around to pay the high closing fees and expenses.
Why hasn't there been anything done to help those out who HAVE done the right things (planning, saved, purchased wisely) verses all the government support of those who over extended themselves? The government's approach to help ALL homeowners is flawed at best, and appears to be feable attempt to help us.