Posts Tagged ‘modification

Where can go online to find out how to qualify for this new program the prez signed? I lost my job in jan. and the other person who is on the house payment is retired and we are struggling to make the payment. We have a countrywide mortgage and have never missed a [...]

I have a mortgage with BOFA. Due to circumstances beyond my control (job loss) I called about a loan modification. I do not qualify for the refinance as I am underwater on the mortgage. I was told I don’t qualify for a modification because my mortgage has ‘lender paid’ PMI. [...]

I applied for Obama’s loan modification with Wells Fargo, my mortgage lender. They want me to do a credit counseling! Where is all this federal money? I meet all the criteria for the program except my loan payment is lower than 31 percent of my monthly net income. I have a loan that will adjust [...]

They sound the same to me. I’m just a little confused. There’s also a second mortgage and short refinance.
Can someone please verify these definitions for me and please advise as to which one would be better?

I am helping my father with a loan modification; he is current on his payment because he’s been using his entire life savings to help with the payment. He grosses $3200.00 monthly, yet his take home pay is only $2000.00 after taxes, union dues, and health insurance. His house payment is $1930.00! He is on [...]

Will I qualify for mortgage modification under the terms in the new Bill?
I am current on my payments. How ever the way I currently understand the terms. One must have been responsible and paid payments on time. This has not always been the case with me. For years I always paid [...]

I have lost my job and am now working as a cashier at a grocery store. The problem is that my new salary is not enough to cover the mortgage. I am in a very tight situation so I am curious to know my options. I have heard that applying for a mortgage loan modification [...]

There is a lot of talk about mortgage modifications, refinancing and new mortgage rules, but most info is so basic that everyone just keeps repeating the stuff already known. Can anyone suggest a place with more advanced and very specific articles stating the facts with references back to the primary sources?

Debating where the money went in the failed mortgage modification program, with Christian Weller, Center for American Progress and Dan Mitchell, Cato Institute.

home loan modification vs mortgage refinancing, are they the same thing?


About this blog

This is site about mortgage questions.

Sponsored Links


  • Nunitak: For a young person the most important after paying your rent and food are (in order of importance) [...]
  • Nunitak: For a young person the most important after paying your rent and food are (in order of importance) [...]
  • new england: ABSOLUTELY NOT!!! Young people should buy term insurance (as much as you deem necessary). You can g [...]
  • new england: ABSOLUTELY NOT!!! Young people should buy term insurance (as much as you deem necessary). You can g [...]
  • Rich: Make sure as a married person that you get enough coverage first. Consider two policies. A term an [...]