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Answers (5)
- Mike Leyden, "leydenrealty"
- Contributions:61
I am real estate agent as well as a licensed mortgage loan originator.
Doug and Professor Brown MPH are correct, you can get a loan if, everything you say, turns out to be true.
Your current loan has to have been bought by Freddie on-or-before May 31st 2009.
4.000% is credible. The exact rate will depend on your income, assets, property value, so on. Everything will have to be verified.
- Doug deBruyn, "loanpilot"
- Contributions:34
GlenandKim,
I'll take your money. As long as you meet the guidelines for the HARP program I should be able to help you out. However, the rate may not be that low due to your overall loan to value ratio. The changes gong into effect next month should help a bit with that. Do you have a second mortgage or HELOC? That will make a difference as well.
Just click on my name and you should see my contact information.
Doug
I'll take your money. As long as you meet the guidelines for the HARP program I should be able to help you out. However, the rate may not be that low due to your overall loan to value ratio. The changes gong into effect next month should help a bit with that. Do you have a second mortgage or HELOC? That will make a difference as well.
Just click on my name and you should see my contact information.
Doug
- MarKus McClellan, "MarKusGroup"
- Contributions:106
- Hamp Yonce, "Zilluminati"
- Contributions:3463
No lender wants to finance underwater collateral. There is a marginally successful Gov't program intended to prod them to do so. It isn't working.
Your current Lender has proven to be one of the least responsive to the opportunity. I guess you have talked to Wells Fargo about it and been rebuked somehow, right? What did they say? Your loan was in some pool of ineligible loans? Your plight wasn't severe enough? What concocted reason was provided?
Your current Lender has proven to be one of the least responsive to the opportunity. I guess you have talked to Wells Fargo about it and been rebuked somehow, right? What did they say? Your loan was in some pool of ineligible loans? Your plight wasn't severe enough? What concocted reason was provided?
Underwater. Great Credit. Great, stable job. Want to refi. Isn't there anyone who wants my loan?
My home is worth ~$350k. I owe ~$390k. I have great credit. I have a high paying, stable, career as a manager with a municipality. I have a conventional 30yr Freddie Loan serivced by Wells Fargo at 5-1/4%. I want a 20-25 year conventional at a lower rate (~4%). Does anybody out there want to take my money? Thanks!
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