Posts Tagged "able"

Has anyone been able to get a Fannie Mae loan modification?

on Feb 25, 2013 in HARP Refinance | 1 comment

Question by Penny76: Has anyone been able to get a Fannie Mae loan modification? My mortgage is current and always has been. I believe I meet all the requirements for a loan mod. I have applied through my credit union twice and have been turned down twice. Obama made it sound like everyone that met making home affordable requirements could get one! Do I need to skip a payment? I’m barely making it from paycheck to paycheck! Best answer: Answer by RebeccaThen you are over extending and need to sell and buy a home you CAN afford. The Credit Union surely gave you a reason for the denial for TWICE already. Don’t ruin your credit by skipping payments then finding out you still do NOT qualify. Know better? Leave your own answer in the...

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When will I be able to qualify for a lower interest rate on my mortgage that has Private Mortgage Insurance?

on Feb 13, 2013 in HARP Refinance | 1 comment

Check out these chateau images: Château d’Edimbourg vu depuis la vieille ville Image by ecololo Château d’Edimbourg vu depuis la vieille ville If you would like to see far more homes click here… Pilot program announced to help underwater homeowners in Multnomah County … The program is similar to the federal Home Affordable Refinance Plan, viagra approved the Obama administration response to upside-down mortgages. But HARP is available only to homeowners whose loans are backed by government-sponsored Fannie and Freddie, doctor … For more informaiton please visit here… Obama: Minimum Wage Increase Will Boost 'Rising, discount Thriving Middle Class' An additional 8 million borrowers would qualify for the federal government's Home Affordable Refinance Program, or HARP, under the proposed legislation. Most significantly, the bill would allow underwater homeowners, those who owe more than their home … More informaiton please visit here… Question by needtoknow: when purchasing a home in Texas can you do 100% financing? Best answer: Answer by loanmasteroneThere are still a few lenders that will give a 100% mortgage. The requirements have changed and are a lot stricter. The credit score has increased and verifying employment and assests are required. In order to find out the type of loan programs you are qualified for you will have to fill out a loan application, information pills with a mortgage broker, visit web which you can find one in your local telephone book. He will fill out this application, which takes awhile so grab your favorite beverage and sit down. Once you have completed the application, he will run your credit report which will have your credit scores. These credit scores will determine your interest rate. The amount of your monthly debt payments you are required to pay as per your credit report and the amount of mortgage you can take on based on your income will determine the amount of house you will be able to purchase. When you speak with the mortgage broker you will need the following documents to complete the loan application, there will be others, but this will get you started. #1 One month of pay stubs for each person that will be on the mortgage. #2 Six months bank statements from each bank in which you bank as well as statements from any 401K from you place of employment. #3 Two years of federal income tax along with the W-2 that match. Once he has all that he need to do he can then issue you a pre-approval letter so you can purchase a home. In this pre-approval letter will be the amount of house you are qualified to purchased. Once he gives you this pre-approval you may now find a real estate agent to find yourself a home or he might have a referral. Now make sure before you get your pre-approval you and your mortgage broker go over all your options as to the mortgage programs you qualify for, the interest rate, monthly payments. If you are getting a FHA, fixed rate, two loans to eliminate PMI like an 80/20 or one loan, if you are qualified for and approved for a 100% loan. You should select the loan that best suit your financial condition at the time. That could be an adjustable rate loan. It could be a fixed rate loan for 5 or 10 years and then adjust. Some adjustable rate mortgages only adjust once. Make sure your mortgage broker explain all your options so you may make an intelligent decision. What might be good for one person might not be good for you, in other words just because...

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Is it possible to refinance a home equity loan to be able to get a lower rate?

on Feb 4, 2013 in Stated Income Loans | 1 comment

A couple of nice condominium images I found: Fotoloco The Alexandra Condominium Halloween Party by Ortigas and Organization 006 Image by FOTOLOCO! Fotoloco photo booth photos @ The Alexandra Condominium Halloween Party | Ortigas &amp Provider | Viridian in Greenhills | All-you-want photo prints from Fotoloco photo booth If you would like to see alot more residences click right here… Question by CHRISTINA N: Is it possible to refinance a home equity loan to be able to get a lower rate? Just wondering if anyone had any information about being able to refinance a home equity loan to receive a lower rate and if so, advice how to go about doing that. Best answer: Answer by Answer GHi there, viagra order When it comes to refinancing a home equity loan you reall have to shop around to make sure you get the best deal. You your deciding on your option you make to make sure you get the following *Competive Rate *Lower you repayments * Great Customer Service You must not forget the last point, sales remember your the customer and the customer is always right !!!! Give these guys a go, I think you will be pleasantly supprised http://tinyurl.com/yqnx37 Add your own answer in the...

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Will I be able to get a home equity loan if I am currently in a forebearance agreement with my mortgage?

on Dec 23, 2012 in Stated Income Loans | 4 comments

Question by D G: Will I be able to get a home equity loan if I am currently in a forebearance agreement with my mortgage? We will be listed as “entering foreclosure” until September, drug cialis 40mg but have already made 5 consecutive payments into the forebearance plan, drugs including a large down payment. However, in order to get our finances in order and pay education costs, we need to take out a home equity loan. Will lenders approve the loan (if we have one great credit score, one bad, and a good income) in our current state? Or would it be rejected outright? Best answer: Answer by BobGo in and ask. Some lenders look at the score. PERIOD. Others actually look at you report and situation. Some will give anybody a loan but the rate varies with the score and report contents, others only want really good histories. Places like Beneficial Finance tend to be easier and more expensive. Places like banks tend to be pickier. Know better? Leave your own answer in the...

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obamas home affordability program… how are they able to get the payment down? do they lower the balance or?

on Nov 23, 2012 in HARP Refinance | Comments Off on obamas home affordability program… how are they able to get the payment down? do they lower the balance or?

Question by Donald: Is it true HUD rules are that you must wait three years after including a mortgage in chapter 7 to reapply? Is it true that a person must wait three years after including a mortgage in a chapter 7 bankruptcy before reapplying for another mortgage? Best answer: Answer by ladystangcall and ask Add your own answer in the comments! Some cool apartment building pictures: Craftsman Style Apartment Building, this web Hospital District Image by StevenM_61 A 4 unit apartment house constructed in the Craftsman Style, capsule which I never ever anticipated to see in apartment buildings. For far more homes click right here… Mortgage credit reform: time to serve the real economy Image by European Parliament Bad credit was one of the root causes of the financial crisis that sparked the current debt crisis. A report by Spanish Socialist Antolín Sánchez Presedo looks at how to better protect borrowers and put Europe’s credit industry on a more solid foundation. Ahead of its presentation to the Economic Affairs Committee Wednesday, approved he told us more. Lax lending practices were one of the factors that led to the financial crisis in 2008, more about are we still at risk? Q&A: www.europarl.europa.eu/en/headlines/content/20110826STO25… © European Union 2011 PE-EP/Pietro Naj-Oleari If you would like to see more homes click here… Question by Deborah C: obamas home affordability program… how are they able to get the payment down? do they lower the balance or? stretch the years of your loan? Best answer: Answer by PoliPinoPart of it depends on which program you’re referring to. The Home Affordability Refinance Program (HARP) allows you to refinance up to 125% of your home’s value at today’s rates. If you aren’t paying PMI on your current loan you don’t have to for the new loan. You need to have your mortgage owned by Freddie Mac or Fannie Mae to participate. You also have to be current on your loan, viagra buy and shown a history of paying on time. The Home Affordability Modification Program is for people who are is trouble of losing their home to foreclosure. For that you have to show that you cannot afford the current payment, order but that you would be able to afford the new loan terms. For the modification, the bank may lower the loan amount, extend the terms, or drop the interest rate. Know better? Leave your own answer in the...

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