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When you are asking the mortgage company to help you with payment options by modifying your home loan why don't they reduce the amount of the loan now that homes have depreciated?
Wiki User
∙ 15y ago
I called our mortgage company to see if I could lower payments on a four plex that we own. I wanted more cash flow and things are tight right now. I bought it on an arms program so consequently the payment goes up as I only pay the minimum payment. When I called the mortage company, they told me that the only option I had was to do a short sale or to sell the property for less that it is worth. So all this talk I hear on the news is not true, they don't help you. They don't go down in payments nor do they lower interest. What kind of help is that? Homes now are at their lowest but they don't let up. Government loans is no help either. I don't want a loan, I want to get out of this. Can anyone help? I hate getting up every morning and thinking that I am working just for them. Every penny. Sometimes I think they can take their 4 plex back and I really don't care about my credit, after this who wants to ever buy anything.
Wiki User
∙ 15y ago
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What services are offered by West Mortgage?
The West Mortgage company offers customers mortgage and financial advice. They offer various lending options to persons requiring or renewing a mortgage.
Which mortgage company offers the best interest rates?
There isn't just one mortgage company that offers the absolute best rate to everyone. Mortgage rates can vary wildly depending on your credit score and a host of other factors. A number of financing options are available through the federal government, as well as some state and local programs, if you meet their requirements. Mortgage brokers can also offer a range of mortgage options from multiple sources. Always shop carefully!
How can one refinance his mortgage?
A person who wants to refinance their home needs to find a mortgage company to do so. The person will need to discuss options of their home, credit and bank information pertaining to the refinance.
Where can one find a bad credit second mortgage?
There are multiple ways for one to find a bad credit second mortgage. Make sure to contact one's local bank first and see what kind of options they have available. The company 'Bills' offers several options on their website.
What are home refinance options for one's mortgage?
There are many different home refinance options for one's mortgage. Some of the home refinance options for one's mortgage are: refinancing one's home through a bank, and doing the same online.
Is it possible to refinance an ARM with a mortgage company given the credit crisis?
It is possible to refinance an ARM. The options available vary by customer and their history with the mortgage company.
What services are offered by West Mortgage?
The West Mortgage company offers customers mortgage and financial advice. They offer various lending options to persons requiring or renewing a mortgage.
What are some home mortgage loan companies that operate in Idaho?
Some options of companies to get a home mortgage loan in Idaho are the Idaho Housing and Finance Association of the Zillow company website. Alternatively you can use the First Mortgage company website or the Bankrate company website.
Which mortgage company offers the best interest rates?
There isn't just one mortgage company that offers the absolute best rate to everyone. Mortgage rates can vary wildly depending on your credit score and a host of other factors. A number of financing options are available through the federal government, as well as some state and local programs, if you meet their requirements. Mortgage brokers can also offer a range of mortgage options from multiple sources. Always shop carefully!
What federal programs offer help for modifying mortgage rates?
If you have a mortgage and are looking for a better rate, go back to the original mortgage lender to start the discussion. If the lender does not have viable options for you, ask where you might seek assistance. There are a variety of programs, but each one has many requirements and restrictions. Your lender can help steer you to those most likely to suit your needs.
How can one refinance his mortgage?
A person who wants to refinance their home needs to find a mortgage company to do so. The person will need to discuss options of their home, credit and bank information pertaining to the refinance.
Where can one find a bad credit second mortgage?
There are multiple ways for one to find a bad credit second mortgage. Make sure to contact one's local bank first and see what kind of options they have available. The company 'Bills' offers several options on their website.
What are home refinance options for one's mortgage?
There are many different home refinance options for one's mortgage. Some of the home refinance options for one's mortgage are: refinancing one's home through a bank, and doing the same online.
What company offers the best private mortgage insurance?
"Depending on the rate and state of your mortgage, as well as the type, one can narrow down their options. However, the market is so saturated that there is no way to rank one number one."
Where can someone find information about Britannia mortgage?
One can find information on the Britannia mortgage, and all of its features, online at the Britannia website. Here one can find frequently asked questions about the company as well as the options available.
Where can a person find options for mortgage offers?
You can find options for mortgage offer from your local bank. The options would include different rate structure, and short term or long term of your choice.
If a mortgage payment is forty five days late will they foreclose?
State laws vary on the foreclosure process. Depending on the state the home is in determines if the 45 day mark for unpaid mortgage payments starts the foreclosure process. The mortgage company also determines the foreclosure process. Most mortgage companies offer solutions for repayment options.
