sendbutton's Advice

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  • 63 Contributions
  • 1 Best Answers
  • 13 Helpful

sendbutton wrote:

If your modification is not approved do you owe amount not paid?

Answer
Over 50% of modifications fail and banks just don't put any money or effort in these things.  I firmly believe that they have already written down your mortgage and are just waiting to clean up the mess... they aren't scamming you, they are just ignoring you. Since you don't make them money and they have already written off the loss, they just don't care.Sad but true.
December 15 2009
(0)

I did not get any quotes on my loan request (ZR-FGLMPZW). Can someone help me figure out why?

Answer
You'll want to contact your current lender and see if they have a HARP program.  Unfortunately, you're having an equity issue that nobody can lend to.
December 15 2009
(0)

Any 90% LTV Jumbo loans available?

Answer
75% LTV is the highest I've seen so far.
December 13 2009
(0)

Florida conventional loans and PMI

Best Answer
Could have been a simple mistake.  Obviously no bait and switch :)
December 13 2009
(0)

Freddie Mac Open Access Making Home Affordable - With LPMI

Response
None that I know of.
December 13 2009
(0)

can i renew my loan modification?

Answer
Really?... let's see how the next 4 years work out.
December 13 2009
(0)

I did not get any quotes on my loan request (ZR-THDTCMM). Can someone help me figure out why?

Answer
Loan amount and credit score are too low. 
December 13 2009
(0)

Need Help - Refinance 7/1 ARM into 30 Year Fixed

Answer
I don't mean to sound harsh, but your husband seems to be a bit greedy here.  The fact that there is a way to save money when you owe the same amount your house is worth, is a great deal.On the other hand, it doesn't necessarily make sense to spend $3500 to save $150 a month.As for buying another house in 2 years, I'm not sure why you would qualify or need a modification while thinking about buying another house...If you qualify for a modification, it means you are having a tough time affording what you already have.  Please don't consider anything more than affording what you have.
December 13 2009
(0)

Buying another primary residence

Answer
It might.  FHA has a NON-occupying co-borrower possibility for you.  You really want to get a lender to give you details with a full application though.
December 13 2009
(0)
 
 
 
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