Question by kookoo4travel: How can you refinance a home loan with a NEGATIVE equity? Adjustable rate has taken our mortgage payment from $ 1,800 per month to $ 3,000! Best answer: Answer by laguy82 Well, you do have a couple of options and depending on a couple of factors…i.e how negative you are on your [...]
Question by Bill S: VA streamline refinance home loan question.? I have looked for info and keep seeing different things. My biggest question is, is there a credit check? I have seen yes, and no. I have seen the other requirements for it. I have had a chapter 13 bankruptcy a year ago, so my [...]
Question by lastmile77: Can somebody give me a clue on my mortgage payments? I bought my first home about 8 months ago. I had no down payment and ended up getting two separate loans. The first was $ 114,000 @ 6.75% 30 year fixed. The second was for $ 38,000 @ 9.436% 15 year balloon. [...]
Go through all your application forms to verify all information that you filled in is correct and you haven’t made any silly mistakes and that you have everything because without it you may get a denial for your loan.
It is not a permanent solution to foreclosure, but it has many advantages. You get to stay in your home, saving up your money the whole time your loan is in dispute.