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Rob Cochems's Q&A

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Rob Cochems wrote:

My Citimortgage qualifies for the New Fannie Mae Refi Program. Must I go through Citimortgage?

Answer
drvic,If your loan is owned by Fannie Mae, starting in April you will be able to use any lender or broker of your choice.  You do not need to go back to Citimortgage.
March 10
(0)

Do i qualify for the first time buyer $8000 government help that i was told about?

Answer
If you are a First Time Buyer, fit in the income limits and you buy a home then yes.
March 09
(0)

Regarding the Home mortgage modification program

Answer
I have no idea what the definition of "imminent" is at this point.  But it sounds like worst case you qualify for the refinance.  
March 09
(0)

I plan on being in my house 5-8 years what are the pros and cons to choosing a 5 ARM OR 30year fix

Answer
holeygost,What is your credit score, loan amount and down payment?
March 06
(0)

Under the HAR prog. do I have to use my current lender to refi my 1st & 2nd into one loan?

Answer
oswego,With Freddie Mac you must contact your loan servicer.  FYI you will not be allowed to consolidate the 2nd.  You will only be allowed to refinance the 1st.
March 04
(0)

What are the Refinancing Credit Requirements on a Freddie Mac Loan under affordability plan 3-4-09

Best Answer
Freddie Mac is a tad different then Fannie Mae.  At this point in time you can only contact your servicer.Here are the guidelines
March 04
(0)

Mortgage mod for investment property owners?

Answer
If your current loan is a Fannie/Freddie loan and your ltv is 105 or less, you could qualify for the new refinance program announced by Obama today.
March 04
(0)

We lost one half of our income last year. Can you refer us to a reputable local loan mod company ?

Answer
peacefulretreat,You can try talking to attorney's, your best bet is to call around and "feel" people out.Best of luck to you
March 03
(0)
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