Can my mortgage company lower my interest rate?

Question by Jaim Jaim: Can my mortgage company lower my interest rate?
We need to refinance our mortgage to lower our rate but I was wondering if our current mortgage company would actually lower the rate if we ask?

We have paid a 7.9% rate for 10 years and have never been late on a payment but things are getting tight and our rate is incredibly high compared to todays standards.

Thanks for your help!!

Best answer:

Answer by bud68
You must ask the lender – no one here can say.

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