dmmatic asked:


My parents purchased house 3 years ago and at that time they were told they should refinance their house.
They have two loans:
Loan 1) $134,900.00 - 360 months - 6.375% - Monthly Payment 673.38
Loan 2) $44,975.00 - 360 months - 8.750% - Monthly Payment $358.04

Loans that they have are from two different companies. Because of the financial situation now, should my parents go and refinance their house?

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rob asked:


I have a 30yr mortgage that i have had for 3 years. I want to start over with the 30 years. What would the fees be to do this?

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