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Can anyone tell me more about the Making Home Affordable Program? Will I qualify? *Read More*?

on Sep 25, 2012 in Unique Loan Programs | 2 comments

Qualifying For The HARP 2.0 Plan-What You Need To Know About The Process The home affordable refinance program 2.0 HARP is a part and parcel of the “Making Home Affordable” plan initiated by the Obama administration way back in early 2009. The federal schedule allows distressed homeowners to refinance homes even if they … For more informaiton please visit here… FHA Loan Modification Program — Follow These Guidelines To Get Fast Approval Mortgage loan modification and loan refinance are all a part of the making home affordable program wherein the Government initiated a strong back up for the struggling homeowners that would help them get up on their feet and repay the loan without any … For more informaiton please visit here… Reverse mortgages risky for boomers? Depending on one's age, visit web a Saver borrower will receive 51 percent to 61 percent of the home's appraised value or of the FHA loan limit of $ 625, what is ed 500, what is ed whichever is lower. The Standard's loan amount ranges from 62 percent to 77 … According to All Reverse … If you would like more informaiton please visit here… Question by SadToday22: Can anyone tell me more about the Making Home Affordable Program? Will I qualify? *Read More*? I have owned my home for 5 years, about it refinanced for debt consolidation twice, site the last time being in 2005. I technically have an ARM loan that was supposed to adjust over a year ago but due to the failing economy the automatically made my ARM extended with no adjustments until 2014. I am struggling to pay all my bills, visit web however I have not gotten behind on my mortgage payments whatsoever. My DTI is very high and my husband filed bankrupsty on his credit card debt after he lost his job a couple of years ago and went unemployed with no unemployement pay for 6 months. He tried continously to find work and was damn lucky to get the job he has now. In the mean time I had to take a pay cut and a HUGE cost of health insurance increase. Between the two of us we were doing much better financially 5 years ago than we are now even though we planned 5 years ago to have our annual income be double what it actually is thanks to our poor economy. ANYWAY, because of all of this he has crappy credit, I have very high DTI ratio due to student loans and my home is not worth the $ 97,000 we owe on it, I would imagine it would be worth more around $ 80-85k. What is this new program? My mortgage company said it is coming soon and I read over the documents they provided me with but it seems like a lot of jargon. My mortgage is through Wells Fargo. Is what I am hoping for is for them to refi me at a lower monthly payment OR at the very least just make my ARM fixed for minimum 15 more years. What do you think my options are going to be? Best answer: Answer by kcgpuliceOne reason I don’t think you would qualify is because you have to owe between 80% to 105% of your home’s value. You owe more than that, sounds like. Read some of the facts sheets here, http://www.financialstability.gov/ I worked with Wells Fargo too. They are clueless about what this program is. All the counseling numbers I called, they are cluesless too. But if you call your state’s HUD numbers from the MHA website, they...

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