Zillow Advice RSS: Question-Discussion-Guide,Loan Modifications,SC http://www.zillow.com/advice/SC/mortgage-loan-modifications/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Short sale underwater rental condo in SC? http://www.zillow.com/advice-thread/Short-sale-underwater-rental-condo-in-SC/439537/ Mortgage for my condo is significantly underwater. Cash flow is net negative from rents due to huge iNcreases in insurance and condo fee fees. We have savings in a 401(k) but will need these as approaching retirement and we have equity in our home. Anything we can do to get out of this situation?<br \><br \>2 replies Thu, 19 Apr 2012 00:24:00 GMT http://www.zillow.com/advice-thread/Short-sale-underwater-rental-condo-in-SC/439537/ 2012-04-19T00:24:00Z Refi when I am unemployed? http://www.zillow.com/advice-thread/Refi-when-I-am-unemployed/225523/ I am in the process of getting SSDI. My <a href="http://www.zillow.com/mortgage/">mortgage</a> resetting in Feb 2010 and I am currently unemployed. Do I need a co-signer for my <a href="http://www.zillow.com/mortgage/">loan</a> even though I have only the balance on the house as my total debt?&nbsp;<br \><br \>5 replies Sun, 19 Apr 2009 19:47:00 GMT http://www.zillow.com/advice-thread/Refi-when-I-am-unemployed/225523/ 2009-04-19T19:47:00Z can i get a loan modification if I have a co-signer http://www.zillow.com/advice-thread/can-i-get-a-loan-modification-if-I-have-a-co-signer/225311/ My take home pay has been significantly reduced.&nbsp; I have negotiated charge offs on my credit cards.&nbsp; I am barely squeaking by and reducing my <a href="http://www.zillow.com/mortgage/">mortgage</a> payment would keep me from drowning.&nbsp; I have 4 growing children and expenses are growing as fast as they are. My mother is my cosigner.&nbsp; She is financially secure, however, she is now retired.&nbsp; I want to take advantage of the new <a href="http://www.zillow.com/loan-modification/">loan modification</a> program.&nbsp; Will I qualify, even though I have a co-signer who COULD make my payments if absolutely necessary.<br \><br \>1 reply Sun, 19 Apr 2009 02:05:00 GMT http://www.zillow.com/advice-thread/can-i-get-a-loan-modification-if-I-have-a-co-signer/225311/ 2009-04-19T02:05:00Z Is 5.13% apr a good rate for an FHA streamline loan? http://www.zillow.com/advice-thread/Is-5-13-apr-a-good-rate-for-an-FHA-streamline-loan/288595/ You can definately get a much better rate than that - do your homework and research - place a rate quote request here at <a href="http://www.zillow.com/mortgage/">Mortgage</a> Mortgage Place - just click on the Mortgage Tab... Hope this helps!<br \><br \>0 replies Sat, 17 Oct 2009 03:33:00 GMT http://www.zillow.com/advice-thread/Is-5-13-apr-a-good-rate-for-an-FHA-streamline-loan/288595/ 2009-10-17T03:33:00Z how do mortgage modification work http://www.zillow.com/advice-thread/how-do-mortgage-modification-work/273817/ We are so under water on our home by almost 100k, we have never been late or missed a payment. Due to wage reduction we have contacted our bank about a modification, they sent paperwork which we submitted along with everything they asked. It's been over 6 months and they haven't replied, we sent request for updates on our paperwork still with no reply. Our credit is below 620 due to credit cards that we are paying off little by little.<br/>We are in a no recourse state and are thinking of just walking away unless the bank agrees to modification.<br/>If the bank does reduce the loan, is the difference added onto the <a href="http://www.zillow.com/mortgage/">loan</a> principle?<br/><br \><br \>3 replies Sun, 30 Aug 2009 18:43:00 GMT http://www.zillow.com/advice-thread/how-do-mortgage-modification-work/273817/ 2009-08-30T18:43:00Z have a double wide mobile home and land having trouble refinancing http://www.zillow.com/advice-thread/have-a-double-wide-mobile-home-and-land-having-trouble-refinancing/470609/ I live in South Carolina and have a double wide mobile home and land mortgaged with Chase Mortgage.&nbsp; I lost my job 2 years ago and though I'm still working I'm not making what I used too.&nbsp; I have to struggle to make my house payments.&nbsp; I tried to refinance through HAMP and they said I qualified but then they declined the refi after the appraisal showed the property as a mobile home.&nbsp; They sent me a overnight letter yesterday offering me a 4% interest down from the current 7.38% through the Chase Rate Reduction Program so I called and they declined again because of the property type.&nbsp; I've been making all payments on time for the last 12 years.&nbsp; But now that I need some relief I'm treated like a low class citizen because I live in a double wide and pay my bills.&nbsp; Is there anything I can do - so I can feed my family?&nbsp; My debt to income ratio is low due to the fact I've always tried to not live above my means and have tried to be responsible, but it would ne nice to get the same relief that those that haven't made responsible decisions.<br \><br \>5 replies Thu, 06 Dec 2012 21:22:00 GMT http://www.zillow.com/advice-thread/have-a-double-wide-mobile-home-and-land-having-trouble-refinancing/470609/ 2012-12-06T21:22:00Z