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Profile picture for andre.williams

how do a person verfiy what a agent says is true.

national city mtge agent says they're not writing 125% refi loans yet? how do you verify that thats true and find out for yourself when they are.... this is regarding fannie mae & freddie mac loans
  • July 28 2009 - Belair-Edison
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Answers (11)

Profile picture for judy.robinson
Andre, you have to verify everything you are told by an agent. When I bought my house a long time ago, I was told 17 acres of trees behind it were a part of the park system, and would never be developed. I didn't check. The acreage is privately owned. When we refinanced with a broker's agent, we lost tons of equity because they misled us, and we didn't ask, but we learned the next time. CHECK, CHECK, CHECK. - THEIR JOB IS TO SELL YOU A HOUSE.
  • July 15 2010
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Profile picture for SunTrust
National City may not be doing the DU refinance program to 125% many lenders aren't

No one will be doinga  DU Refi (plus) to 125%. DU Refi Plus caps out at 105%.....

Refi Plus will be going to 125%. It can't go DU, it has to be manually underwritten. 
  • August 12 2009
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National City may not be doing the DU refinance program to 125% many lenders aren't. BUT SEVERAL ARE) Don't worry you aren't married to National City Mortgage. You can refinance your Fannie May owned loan with any lender. And starting October 1st you can refiance your Freddie Mac owned loan with anyone. 

The best news, Baltimore and PG county are getting stimulous money to help buy up the massive foreclosures. I anticipate your propery value starting to return to normal this year) There are already some bidding wars on foreclosed property and short sales.
  • August 12 2009
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Thank you Chip! ... Although, I do learn at least one new thing about our industry every day....  : >)  .... Happy funding, Rudi Hofmann
  • July 28 2009
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"how do a person verify what a agent says is true"--

Ask a question on Zillow: Andrew Adams, Clay Branch, Nic Netherton, Rudi Hoffman, Gregorio Denny know everything....
  • July 28 2009
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Very few lenders will be offereing the 125 Option before 9/1/2009

Fannie MAe Announcement

Pricing and pooling from Fannie will not be readily available until then.
  • July 28 2009
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WD--- Rumor is it's "supposed" to come out Aug 1st.


  • July 28 2009
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Profile picture for wetdawgs
If they aren't doing 125% loan yet, do they have a prediction on when they will be doing so?
  • July 28 2009
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Call National City's Main Number and ask them?  That would be my first guess.... Here's the numbers to their main lines, hope that helps

Customer Service: 1-800-822-5626

Refinance or Purchase Questions: 1-877-508-3339
  • July 28 2009
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Hey coach---Why would a loan office at national city mortgage be a member of the local board of realtors?


  • July 28 2009
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Look up your local Board of Realtors and verify that persons membership. If they are a member of the Board of Realtors they ascribe to a code of ethics. If they don't carry out the code you can bring a greivance against them. You could also talk with another Realtor for a second opinion. You could also talk with that agents Broker. I am a Broker and I want my agent to take good care of the customer.
Last get recomendations from friends and family members of who you may choose to work with.
  • July 28 2009
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