Miami Refinance How Do I Refinance My Home In Miami, Fl... MY INTEREST RATE IS TOO HIGH?

How do I refinance my home in Miami, Fl... MY INTEREST RATE IS TOO HIGH? - miami refinance

This question will be painted to send to my parents ... They bought their house 190K and the property is today .. (after the market fell) ... 216K Worth ... Thank God that the property is worth less than they paid for initailly.

Meanwhile, he earned a variable interest rate .. Like all variable interest rates and tend to do, which rose to 9.5%.

You own a business, but not as much money as before. For this reason, they have to reduce your mortgage payments. Things are getting stronger and God forbid others in this market, Miami forclosure appalling housing.

I was asked to consider whether an option to refinance, and what steps to do. Help please! If you need additional information so that you can get a precise answer, just ask. We are glad that the mediator for my parents =).

Thank you all estimated in advance for your help very much.