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General Question

Posted by on February 26, 2012 1 Comments

Is this same as HARP

Is this the HARP program that we hear about and if it is can I qualify. Credit is perfect and never missed a home payment while our house is worth $300,000 at most and our mortgage is $388,000 on a first loan and a second line of credit at $68,000. Would we qualify to lower [...]

Posted by on October 28, 2011 1 Comments

Are the interest rates the same?

Will the interest rate be higher than traditional loans and will it only be 30 year morgages?

Posted by on October 25, 2011 1 Comments

What is the start date?

This is a plan for responsible borrowers who are facing an upside down mortgage and will hit the heart of the middle class. Thank you Mr Obama. Does anyone believe this will pass with the guidelines proposed or will the conservatives stop it? 

Posted by on October 25, 2011 1 Comments

Fannie Mae and Freddie Mac

How many loans before 2009 were sold to Fannie Mae and Freddie Mac? Is it a good percentage? How would I know if my house is or was with them. I was with Countrywide and now Ally, it was a good credit 30 year loan and I am paying 6.5% on a 30 year and [...]