Question by paul h: If Bank Of America turns me down for a home loan, pilule pills should I seek a bank overseas? Europe or China?
This will be my third home purchase on stated income?. I understand thr banks have given out too many bad loans recentely, more about but are there some that still have confidence with good buyers?
Best answer:
Answer by ieatcrayons
I think you should try a mortgage broker first. They have access to numerous lenders. Look for one that does its underwriting in house.
I’d never seek out a loan overseas, personally.
It looks like every other answer on here was a scammer. Please don’t fall for that!
What do you think? Answer below!
Question by Surely I’m happy..: Has anyone been thru the Florida Mortgage Modification Program? What can one expect?
Considering Florida Mortgage Modification Program, online but fear my expenses maybe too high to qualify.
Best answer:
Answer by jake
All mortgages will be paid with invisible money.
Add your own answer in the comments!
As I understand Obama’s loan modification, the mortgage lender has to bring your debt to income ratio down to 38 per cent by extending the loan term, allowing you to pay interest only or be lowering your interest rate to as low as 2%. Then the deep pickets government will kick in to get the ratio to 31 per cent, i believe the cap on the mortgage amount is in the $ 75,599 range. Sweet deal. There is another plan for those wanting to refinance but is too complicated for my feeble mind to comprehend.Google Obama’s Loan Modification for all the gory details.
^
+