I bought 7 years ago and have an ARM (I actually have no idea what kind of ARM and am having trouble figuring out when my fixed rate period ends. My rate is 6.25%) and my home is now totally underwater. Now the mortgage is with Ocwen. Are there any refi options for me or do I just really need to find out when my fixed period ends for my ARM? Any help helps by brandmandynew3846761 from Santa Ana, California. Jun 16th 2014
Give me a call and I will help you out. 949-800-5077 Drew
Depending on the loan you currently have, you may be eligible for the HARP program or FHA Streamline. Give me a call and I can see in a matter of minutes if you have relief options.
The is a program for underwater loans called HARP 2.If your loan is owned by Fannie Mae (www.fanniemae.com/loanlookup) or Freddie Mac (www.freddiemac.com/mymortgage/) then contact me at 805-374-6000 Steve or email at steve@greatamericanfunding.com
Its' hard to say without knowing more details.. FHA, VA, USDA, and Conventional all have refinance options where an appraisal is not required.. without knowing what type of loan you have and when it was originated, it's hard to advise you properly.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Give me a call because if you are not eligible for HARP, you may be eligible for HAMP which is a loan modification based on hardship and you being underwater. It is common for lenders to drop your rate as low as 2% and even reduce your principal balance in some cases. 949-800-5077
Do you have your original mortgage statement? I would suggest finding that or contacting your current lender to find out the type of loan you have and when your adjustment period begins.
It's possible that you may have to consider a short sale at some point. There are multiple programs available that will allow you to sell you home for less than what you owe the bank and still put relocation funds in your pocket. It's also possible that it might be cheaper to rent that your monthly mortgage payment plus property taxes.Let me know if you'd like information about that solution.Brad Davidson714-961-8442BRE # 01416432
Hello my name is Louis I'd need to speak with you and get the scenario of your mortgage situation and discuss with you, if you would like call me at 626-221-8387, I have been in the business since 1988 and I'm in the Diamond Bar area and I can't make any promises but I won't stir you wrong.
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