Posted on: 12th Aug, 2009 04:07 pm
i am 6 months late on my morgage.if allowed to re-finance at a rate of 5% or less i can make it.also can i add a family member on a re-finance?i am the only one one the morgage and i like to add my daughter.
Your friend needs to negotiate with her lender so that he agrees to give her a modification with 2% interest rate.
Ive been working with naca about a year wells fargo is my mortage company have they even gave any one a permeant solution?
Whether or not NACA can give permanent solution based upon your financil situation. Also, your lender will have to agree to the settlement that NACA brings forth. If the lender does not agree to it, then NACA won't be able to help you get a affordable payment plan.
We tried to do a modification through NACA. However my husband was working overtime, and they included the overtime income to conclude that we make enough to cover the mortgage so we were not in need of a modification. That was strange because when we tried to refinance the mortgage co. refused to include OT income because it is not permanent. In addition, the NACA rep told us that we should stop paying the unsecured debts (credit cards, medical bills etc.) which I believe was irresponsible advice. We were also told to contact them again once overtime stops. I must state that we are current on or payments, but massive medical bills and a 2 year period of unemployment left us overextended. Having stated my disappointing experience, I know persons who benefited greatly by going to NACA, so it is worth a try especially if you are in arrears/facing foreclosure.
pru, thank you for your post. you've stated both the good and the bad, and sometimes we only see one side and not the other. it's beneficial to see each side of the business, whether it's naca or some other entity.
what is APR? is it annual percentage rate
what is wrong every time i get on the forum it says its not dobb7810?
what is wrong every time i get on the forum it says its not dobb7810?
yes, dobb7810, apr is truly annual percentage rate. are you seeing contrary answers on this forum?
i have a naca loan and they are only refinancing people who are upside down and need the help. i have a loan through them for 6% and wanted to refinance at a lower rate but they are only helping the needy and not the greedy lol...oh well, i tried... they are a good company. be patient, do what they say and all will go well.
thanks Ruthie for the information...it's useful.
well fargo agree to mod for 4 mo. then denies me then raise my morgage 1,000 more , there more now they say I.m behind in my mortgage 11,000
Hi Will!
Welcome to forums!
As you are behind on your mortgage payments, you won't be able to get a refinance on your mortgage. Unless you've equity in your property, you won't be able to refinance. Did the lender give you any reason as to why he rejected your modification?
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As you are behind on your mortgage payments, you won't be able to get a refinance on your mortgage. Unless you've equity in your property, you won't be able to refinance. Did the lender give you any reason as to why he rejected your modification?
Feel free to ask if you've further queries.
Sussane
I was unable to get any relief through NACA still hanging in there patience is a verture.So,as the good lord said bless those who bless them selves I have good reason that NACA will help my family if not they gave me a good foundatin to build on for a refinance
No Help,I would like to assist you.I am a NACA employee. You can email your Naca id # to "mpernell@naca.com"
[Email address deactivated as per forum rules. Thanks.]
[Email address deactivated as per forum rules. Thanks.]
Edna, your friend would need to make a appointment to speak to a negotiator to find out why the lender declined the modification.