Comments for Mortgages Unzipped http://www.zillow.com/blog/mortgage Making sense of mortgages, one blog post at a time Sat, 21 Nov 2009 07:10:07 +0000 http://wordpress.org/?v=2.6.5 Comment on Do You Qualify for a Refinance Loan Under the Obama Plan? by Marie http://www.zillow.com/blog/mortgage/2009/02/24/do-you-qualify-for-a-refinance-loan-under-the-obama-plan/#comment-31407 Marie Sat, 21 Nov 2009 03:30:47 +0000 http://www.zillow.com/blog/mortgage/?p=451#comment-31407 Very very few people qualify for this plan. It's basically smoke and mirrors for Obama to say he is helping the homeowners. Very very few people qualify for this plan. It’s basically smoke and mirrors for Obama to say he is helping the homeowners.

]]> Comment on Loan Modification: 5 Questions To Ask Your Loan Modification Lawyer by Pat http://www.zillow.com/blog/mortgage/2009/01/30/loan-modification-5-questions-to-ask-your-loan-modification-lawyer/#comment-31392 Pat Fri, 20 Nov 2009 19:12:38 +0000 http://www.zillow.com/blog/mortgage/?p=282#comment-31392 New Law SB 94 Oct. 11 2009 Should I pay an attorney up front fees? If so how much? So called unbundling fees? I have three investment properties that need a fix with Wachovia Help Notice of Trust Sale Dec 2, 09 New Law SB 94 Oct. 11 2009

Should I pay an attorney up front fees?
If so how much? So called unbundling fees?
I have three investment properties that need a fix with Wachovia
Help Notice of Trust Sale Dec 2, 09

]]> Comment on Am I Entitled to Reasons Why My Mortgage Application Was Turned Down? by Aaron http://www.zillow.com/blog/mortgage/2009/11/17/am-i-entitled-to-reasons-why-my-mortgage-application-was-turned-down/#comment-31362 Aaron Thu, 19 Nov 2009 20:01:55 +0000 http://www.zillow.com/blog/mortgage/?p=2561#comment-31362 I don't know if "entitlement" is the right word but you should definitely be advised by your loan officer as to what happened. If your credit and income were sufficient but you were still denied....you may want to look at pproperty you were trying to finance....also consider checking your ratio and reserve requirements.....45% exceeds FHA's guidelines regardless of your scores....Lastly...you may have just got JACK UP by BOA....it happens........My car loan was with BOA....I paid it off and left a 87 cents balance....the billed me.....so I paid them in pennies.....that really pissed the teller and BM off.....;-). I don’t know if “entitlement” is the right word but you should definitely be advised by your loan officer as to what happened. If your credit and income were sufficient but you were still denied….you may want to look at pproperty you were trying to finance….also consider checking your ratio and reserve requirements…..45% exceeds FHA’s guidelines regardless of your scores….Lastly…you may have just got JACK UP by BOA….it happens……..My car loan was with BOA….I paid it off and left a 87 cents balance….the billed me…..so I paid them in pennies…..that really pissed the teller and BM off…..;-).

]]> Comment on Making Home Affordable Plan Expected to Help 4-5 Million Homeowners Refinance by Kathryn Berry http://www.zillow.com/blog/mortgage/2009/03/04/making-home-affordable-plan-expected-to-help-4-5-million-homeowners-refinance/#comment-31358 Kathryn Berry Thu, 19 Nov 2009 17:09:30 +0000 http://www.zillow.com/blog/mortgage/?p=544#comment-31358 These plans do not help people like myself and my husband. A modification we would have to be 3 mo's del. and ruin any credit we have left and still the mod under this plan (they will include my u.e. which will run out) we can only get our mortgage down about 300 a month and that is not going to help our situation. Since my husband will have to retire in a few yrs. We bought 2 1/2 yrs. ago and both of us had good jobs and thought we had gotten a decent deal and would be able to sell and get a townhouse perhaps and have at least 50k equity in this home. We paid $235k and since the home was a fixer paid about 20k to get it where it is decent for us, and at that time was appraised at 300k. We are in a.v. ca and we recently found out the worth of our home is 108k so we are over 100k upside down. I lost my job in July 09 and am on u.e., I am 50 yrs old and do not spk spanish and so haven't found work. My husband is 60yrs. so we do not have 10-15yrs for the economy to turn around and are at risk of losing our home and I am very worried. We have pets and need to be able to buy but with this home on us do not know if we could get a lender to qualify us even for just perhaps a 50k loan, I am starting to get worried there isn't a way out of this mess and of course like others I am sure are getting very depressed. These plans do not help people like myself and my husband. A modification we would have to be 3 mo’s del. and ruin any credit we have left and still the mod under this plan (they will include my u.e. which will run out) we can only get our mortgage down about 300 a month and that is not going to help our situation. Since my husband will have to retire in a few yrs. We bought 2 1/2 yrs. ago and both of us had good jobs and thought we had gotten a decent deal and would be able to sell and get a townhouse perhaps and have at least 50k equity in this home. We paid $235k and since the home was a fixer paid about 20k to get it where it is decent for us, and at that time was appraised at 300k. We are in a.v. ca and we recently found out the worth of our home is 108k so we are over 100k upside down. I lost my job in July 09 and am on u.e., I am 50 yrs old and do not spk spanish and so haven’t found work. My husband is 60yrs. so we do not have 10-15yrs for the economy to turn around and are at risk of losing our home and I am very worried. We have pets and need to be able to buy but with this home on us do not know if we could get a lender to qualify us even for just perhaps a 50k loan, I am starting to get worried there isn’t a way out of this mess and of course like others I am sure are getting very depressed.

]]> Comment on Renovation Financing: What is a 203K loan? by Cheryl http://www.zillow.com/blog/mortgage/2009/09/15/203kwhatrenovation-financing/#comment-31354 Cheryl Thu, 19 Nov 2009 14:50:27 +0000 http://www.zillow.com/blog/mortgage/?p=2079#comment-31354 Yes. My firend saent me a link to your blog... I'm looking to buy a home too, and the best ones in my price range always seem to need a little more work. So the 203k seems to be the best option for me. thanks for making the advice to accessible! Yes. My firend saent me a link to your blog… I’m looking to buy a home too, and the best ones in my price range always seem to need a little more work. So the 203k seems to be the best option for me. thanks for making the advice to accessible!

]]> Comment on Private Mortgage Insurance (PMI) Explained by Kevin http://www.zillow.com/blog/mortgage/2009/10/29/private-mortgage-insurance-pmi-explained/#comment-31349 Kevin Thu, 19 Nov 2009 10:12:53 +0000 http://www.zillow.com/blog/mortgage/?p=2447#comment-31349 nice article... quite informative... nice article… quite informative…

]]> Comment on $8000 Tax Credit is Extended through April 30, 2010…and it’s been Expanded! by Kevin http://www.zillow.com/blog/mortgage/2009/11/06/8000-tax-credit-is-extended-through-april-30-2010and-its-been-expanded/#comment-31348 Kevin Thu, 19 Nov 2009 10:10:58 +0000 http://www.zillow.com/blog/mortgage/?p=2504#comment-31348 thanks for the information.... thanks for the information….

]]> Comment on Social Networking: A Virtual Landscape for the Real Estate Market by homes in valencia ca http://www.zillow.com/blog/mortgage/2009/10/22/social-networking-a-virtual-landscape-for-the-real-estate-market/#comment-31316 homes in valencia ca Wed, 18 Nov 2009 03:07:51 +0000 http://www.zillow.com/blog/mortgage/?p=2386#comment-31316 Internet is a most influential and popular tool to promote a business. Clients may not be limited in a certain location only but your business can be promoted to the people all over the world. Less expenses, less effort, all you need are computer, time, patience, good communication and marketing ability:) Internet is a most influential and popular tool to promote a business. Clients may not be limited in a certain location only but your business can be promoted to the people all over the world. Less expenses, less effort, all you need are computer, time, patience, good communication and marketing ability:)

]]> Comment on 7 Things Every Home Buyer Should Know - Part 1 by Stockton Real Estate Blog » Blog Archive » Federal Housing Administration http://www.zillow.com/blog/mortgage/2009/10/20/7-things-every-home-buyer-should-know-part-1/#comment-31289 Stockton Real Estate Blog » Blog Archive » Federal Housing Administration Tue, 17 Nov 2009 05:18:17 +0000 http://www.zillow.com/blog/mortgage/2009/10/20/7-things-every-home-buyer-should-know-part-1/#comment-31289 [...] 7 Things Every Home Buyer Should Know – Part 1  zillow.com) [...] [...] 7 Things Every Home Buyer Should Know – Part 1  zillow.com) [...]

]]> Comment on Understanding Adjustable Rate Mortgages Part III by wendy http://www.zillow.com/blog/mortgage/2009/11/13/understanding-adjustable-rate-mortgages-part-iii/#comment-31209 wendy Sun, 15 Nov 2009 17:08:40 +0000 http://www.zillow.com/blog/mortgage/2009/11/13/understanding-adjustable-rate-mortgages-part-iii/#comment-31209 ouch... my little brain :) Thanks, very detailed article ouch… my little brain :)
Thanks, very detailed article

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