Mortgage Modification – Owner fears for house waiting for mortgage modification to become permanent

Not a bad answer to the person asking about refinancing a home that was in a trust. However, as a mortgage banker, I can tell you that it was likely a loan officer who didn’t know that Fannie Mae allows one to lend to a revocable or living trust, or a loan officer who didn’t offer it. See previous Realty Q&A.

Also, the person who wrote to you didn’t say if it was a revocable or irrevocable trust. That would be the first thing to find out from a customer. If it’s revocable, then conventional or conforming lenders (like Fannie and Freddie) will take it. Allison Sullivan, Product Coach, New South Federal, Marietta, Ga.

read here.

Sponsored Links

Related Post :

• The Mortgage Modification Conversion Drive has begun.
• Mortgage Loan Modification – Should your mortgage be no more than 31% of your income, and does that include 1st and 2nd?
• Home Mortgage Payment – I haven’t missed a home mortgage payment since originating the loan. Need about 3 or 4 months relief?
• Mortgage – Moneysavingexpert Martin Lewis gives his top mortgage tips
• Mortgage – Pay off mortgage in 15 years, or 3 years taking into account tax savings and interest savings.?
• Mortgage – Banks approve more mortgages for home buyers in October
• Mortgage Times – Mortgage Times in administration
• Reverse Mortgage – Government mulls ‘reverse mortgage’ program for seniors
• Mortgage Rates – Despite low mortgage rates, banks balk at refinancing
• Mortgage/insurance escrow. how do they work? If you want a fixed rate on your mortgage and insurance, do?

Other Post :

• Millionaire Now!: Mortgage Rates Remain Low
• Business Finance | Does Car Insurance Matter?
• Should i let my brother use my car while im away?
• Life Insurance Broker To Assist You | Inspiration By Experience
• Mortgage Refinance or Loan Modification can help you to save your ...