loan modification: Interest Rate Update: 4.5% 30 year Fixed
- 03/01/10 05:46 PM
4.5 % Percent is available again, although, as usual with certain restrictions. But, if you are a borrower with excellent credit that has been waiting to refinance, now is the time. Here is a sample of the requirements to obtain this rate: Primary Residence, Rate and Term refinance, 70% Loan to Value, Middle Credit Score of 720 or better, and a loan amount of 200K or more. The Cost for this rate would be approximately 1 percent of the loan amount. I say approximately because rates change every day, sometimes they change several times throughout the day. So if you would … (0 comments)
loan modification: PLEASE TAKE ME BACK! I'VE CHANGED!! IT WILL BE BETTER THIS TIME, I SWEAR!
- 08/03/09 02:55 PM
Does this blog title sound like a desperate lover who has just been dumped? A jilted lover begging for forgiveness and to be given one more chance? Well, its not about that at all. Its about a borrower trying to convince their lender to modify their loan, only to be shunned like yesterdays news. Trying to get your lender to take you back can be awful similar to trying to get back with your ex. And we know how that usually ends, don't we?. I've have been doing loss mitigation (loan mods) for some time now, and i am beginning to … (7 comments)
MIAMI (AP) -- Two Florida banks are joining some of the country's largest lenders in temporarily halting foreclosures as the federal government tackles the housing crisis.
On Friday, Fannie Mae, Freddie Mac and major banks JPMorgan Chase & Co., Morgan Stanley, Citigroup Inc. and Bank of America Corp. said they were halting foreclosures for at least a month. Coral Gables-based BankUnited and Fort Lauderdale-based BankAtlantic followed suit, all saying they hoped to learn more soon about President Barack … (2 comments)
loan modification: My Solution to the Housing Crisis
- 10/27/08 05:29 PM
Let me start off by saying that this not the only solution, but a simple one that will not cost the government billions of dollars. My approach is a 3 pronged attack: 1. Government Subsidized/Mandated Mortgage Interest Rates Lower Thirty Year Fixed Rate to 4% All of the people who want purchase a home but haven't yet -1st time home buyers, procrastinators, people still waiting for prices to come down - would seriously reconsider if they new they could get a rate of 4%. Even the people who were responsible and have good credit and equity would pick up the phone … (0 comments)
4.5 % Percent is available again, although, as usual with certain restrictions. But, if you are a borrower with excellent credit that has been waiting to refinance, now is the time. Here is a sample of the requirements to obtain this rate: Primary Residence, Rate and Term refinance, 70% Loan to Value, Middle Credit Score of 720 or better, and a loan amount of 200K or more. The Cost for this rate would be approximately 1 percent of the loan amount. I say approximately because rates change every day, sometimes they change several times throughout the day. So if you would … (0 comments)
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