Question by reapacheep: What banks or lenders are the best in consulting about the HARP program?
I qualify, more about ailment but I want to make the best first step by contacting a lender or bank that has a good track record for offering these type of refinances. Thanks
Best answer:
Answer by Rob S
I’m pretty sure your own lender now can do the highest loan-to-value ratio (125%). If you go to another lender they can only go up to 100% or 105% of LTV I believe it is.
Maybe check that restriction possibility out when you go shop it.
Good luck, hope it works.
Know better? Leave your own answer in the comments!
Question by emartel01: Did George Bush create a law regarding interest rates for home loans?
Last I heard, visit this George Bush passed a law regarding interest rates for home loans. Can someone explain to me?
Best answer:
Answer by poolman4u03
I don’t know if the law was passed, but the point was to freeze intrest rates for people with adjustable rate mortgages for a period of time.
Add your own answer in the comments!
Question by Cody: What is the highest mortgage I could afford on a small home?
I generate with my fiance about $ 500 a week (well, web its more but I am rounding it down quite a bit). We are looking to get a small home, hospital 3 bedroom one floor house. We are in Michigan and plan to stay in our current area. I have fairly decent credit, about it not excellent, but certainly not bad. With utiliy cost in Michigan (winters mainly) what do you think our mortgage should be like? Whats the highest we can go on a loan? We are first time home buyers, and will likely try to find a foreclosure home to get us started for a good price.
Any opinions and help would be appreciate, its our first steps out into ownership!
Best answer:
Answer by Uncommon Sense
Since we are not psychic, we can’t answer. WAY too many variables in there like debt, credit score, type of loan. etc
Give your answer to this question below!
Question by Brian B: How do current mortgage rates help new home builders?
I’d like to buy new construction as a result of the great mortgage rates right now. However, erectile by the time I’d close on my house in December, viagra 60mg it could be a totally different ballgame and rates could go through the roof. It seems to me, stuff then, that low mortgage rates only help people refinancing or buying an existing house.
Best answer:
Answer by Danielle M
It dosen’t help homebuilders. Right now nobody is really touching new construction. Theres to much inventory already on the market.
What do you think? Answer below!
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Question by Peggy Golden: Why can’t people who got behind on house payments get help restructuring a means to keep their home.?
My husband and I got behind, tadalafil lost a business, treat fell behind on payments and now our bank, programs,etc will not even talk to us about a way to fix this and keep our house of 35 years. We want to pay every penny we owe but first we have to have help getting back on the right track. Refinancing and stopping all of the fees and interest accumilating.
Best answer:
Answer by Quizzard
Most banks will work with their clients. They don’t want your house, they want their money. Without knowing your exact situation, we can’t say why you haven’t been able to do so.
What do you think? Answer below!
talk to the owner or GM of the bank
make small payments
it is more likely you will keep your house
sorry about your biz
You must have refinanced your house several times, if you have owned it for 35 years and have not paid it off.
It appears as if you and your husband are risk takers in the fact that you had a business. Being that you might have made a few financial decisions that you might want to take back at this time.
Most lenders would have programs in place that might be of assistance to you provided you meet certain criteria. One of the criteria might be that you must have proof that you are able to pay for amy program that might be offered.
You have indicated you have had lost a business, which would indicate that you might not be in a financial position to repay a lender no matter the program
You might contact your lender to find out if there is a program available to you and the criteria needed to apply for these programs.
i hope this has been of some benefit to you, good luck.
“FIGHT ON”
Banks are not interested in your problem
They are not willing to get involved with individuals.
Banks are making record profits…they have no reason to talk to individual home owners.
Even when there was a program in place in 2009….banks couldn’t be brought to honestly follow thru on a program to help home owners.
The banks are losing billion dollar lawsuits….. they are going to get formally investigated by the Justice Department…FINALLY.
Don’t expect the banks which caused this mess to belly up to the bar to fix it…not without being hit over the head.
—- edit……
here is an interesting follow up. All those people who think the banks are going to help the owner refinance…how many of them have actually done it? How many of them actually need it?
It’s great to offer the advice…”the banks want to work with you……”, but where is the evidence that this is true? The evidence points to the exact opposite. If you need to refinance..then you cannot.
because you are in need of debt relief..so you are not the perfect borrower the banks wants.
Because most people are afraid to ask for help.