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Can't refi -My loan is thru GMAC/Residential Funding Corp not Fannie Mae or Freddie Mac!

Profile picture for s1267192874
My loan is falling thru the cracks of recent programs! 88-95% LTV depending on appraisal.. very few comps available too.. What do I do? Don't want to continue to pay PMI ! Also, high rate on current loan.
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July 28 2009 - Parkville
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Answers (3)

I work over at wells fargo, we have new programs designed to help homeowners refinance and bring the principal balance down, the difference is we service our loans for life.  We know people are having tough times, no one is preventing us from helping families.  Our new program is mainly for people who have higher balanaces then the value of the house.  My advice, hang in their and bring the ltv down.  Then refinance into low interest program.  631-316-7272  Have a great day, any questions please contact me!  GMAC handles things better when you apply for homeowner help ONLINE.  Its documented and someone is accountable! 
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July 29 2009
Profile picture for Dscott57
Not enough information here to really advise you accurately.  Are you behind on  your mortgage payments?  Do you have a unique property that is causing the comp issue?  You can give me a call if you would like 417-882-5544.  Ask for Don Scott
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July 29 2009
Profile picture for Bob Lowery
There is nothing you can do on the refinancing end.  If you have a hardship and are having trouble making your mortgage payment, you could contact GMAC to see if you qualify for a modification.
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July 28 2009
 

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