Just wanted to if anyone successful refinance your mortgage with Citimortgage throught the Making Home Afforda?

Posted on Jan 27, 2013 in Unique Loan Programs

Automatic Cancellation Of PMI When You're Underwater On Your Mortgage
It doesn't apply to homeowners with lender-paid mortgage insurance (LPMI) or those with FHA or VA mortgages, drugs here which have their own mortgage insurance. Taking Timelines into Account Depending on the size of your down payment, it usually … You can use a …
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Great time to buy or refinance a home
GECU Online Banking at mygecu.org has a variety of free mortgage calculators including: Monthly Payment Estimators, Affordability Calculator, Minimum Income Calculator, Prepayment Calculator, Refinance Calculator and Move or Improve Calculator. … The …
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Question by Mr. Canoe: What exactly is needed to get an average house loan/mortgage?
I’m wondering what exactly are the steps and requirements needed to get a house loan from a bank of say 100k-200k. If you have an average yearly income of 25k/yr is it even realistic to get a loan like that?

Best answer:

Answer by Art Vandelay
Income qualification is usually 2.5 to 3.0 times your gross annual salary. So at 25k per year you would qualify for a loan between 62, medical 500 and 75, sales 000 (depending on the lender requirements). This amount would be between 80% to 95% of the cost of the home you are buying.

You would also have to qualify based on your debt load (credit cards, car payments, etc.), and on your credit history.

Know better? Leave your own answer in the comments!
Question by Jon C: Just wanted to if anyone successful refinance your mortgage with Citimortgage throught the Making Home Afforda?
Just wanted know to if anyone successfully refinance your mortgage with Citimortgage throught the Making Home Affordable Program? I have been calling Citi and left my infor. and there is no one returning call. Its frustrating, this I just wanted to take advantage of the low rate. I don’t know if the same thing happen to other people.

Best answer:

Answer by dawnb
The making home affordable program was frozen about a month ago and is no longer available.

Know better? Leave your own answer in the comments!