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Rob Cochems's Q&A

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Rob Cochems wrote:

I currently have a HELOC on the property. It has a balance of $100,000. Floats to Prime and is cur

Answer
Your rate is not bad.  Is there a problem with your 1st mortgage?  
April 07
(0)

Is it true that you will not qualify for Obama's home loan mod if you have PMI?-LTV greater than 80%

Answer
It is really not available yet.  All you can do is cross your fingers they can figure it out.
April 07
(0)

Consolidated Making Home Affordable Refi - Lender Thread

Answer
It seems the only people I can help with this program are from at least 2005 if not older loans, and private money was big in the market back then.  The vast majority are not owned by Fannie or Freddie.  This whole program seems to skip over California.  Awesome!
April 07
(0)

How can I get financing for land for only?

Answer
Have you checked with a local bank to see if they will consider this?
April 07
(0)

re-finance or modification

Answer
 You need to call the servicer of your loan.
April 06
(0)

Wells Fargo 3-step refinancing

Answer
HAHAHAHA!You drunk or something?  All of those are your 3% quotes and none would even qualify for it.
April 03
(0)

Wells Fargo 3-step refinancing

Answer
Or how does a second home qualify for the modification?
April 03
(0)

Wells Fargo 3-step refinancing

Answer
Or this one, cause they really look like they are in danger of defaulting
April 03
(0)
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