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Need Help on ARM non FHA

Profile picture for djc0009
Bought my home over 3 years ago.  The value is less then what I owe.  The ARM's will change over in less then 2 years.  What are my options?
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September 21 2010 - Ingleside
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Profile picture for Georgia Loans
You may have an option, have you looked up your address on Fannie Mae's or Freddie Mac's website? What do you think the value is and what is the loan balance?
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September 21 2010
Profile picture for Darrin Gilliam
I would definitely check to see if Fannie Mae or Freddie Mac owns your loan.  You can simply call customer service of your lender to find that out.  If one of the entities owns your loan there are a couple of underwater programs to choose from to help you get to a fixed rate.
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November 02 2010
Profile picture for High Quality Advice
Have you called your lender?
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September 21 2010
Profile picture for 203K Specialist
I told you every time I see you post Leaseback I would post a link to Leaseback scams and equity stripping. Convince me they are not a scam! 

I can be very persistant...and even more annoying!  just ask Rudi..I am pretty sure he will agree that I am both!
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September 21 2010
Profile picture for At Academy Mortgage
Your a great candidate for the new Leaseback program. You retain ownership in your home and it adjusts your monthly payments for the new market value.
Sincerely,
Celia
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September 21 2010
Profile picture for Tom Spaniel
You need to try your current lender and see if you qualify for one of the many special programs out there for underwater borrowers. 
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September 21 2010
 

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QuestionNeed Help on ARM non FHA
  • Latest answer by Darrin Gilliam
  • November 02 2010
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