Introduce yourself - Let others know who you are!

Hi Carl,

Welcome to MortgageFit Forums!

Its really nice to see that a very experienced person like you have joined this community. I hope it will be of great help to the community members. Hope to learn a lot from you :)

Thanks,

Niicss

Hello Carl and welcome

Nice to hear about your experience.

Hope you'll have lots to share with our community.

Appreciate your efforts to make the industry a better place for all. :)

Brian Dela Cruz

If you see a Veteran, shake thier hand and thank them for having served.

I joined the community a few days ago. While I have been in the mortgage business 23 years, I believe I have learned more than I have contributed thus far. There are a lot of learned and helpful professionals providing help and advice.
I opened a mortgage office in New Jersey for national, commercial bank in 1983. A few years later I was a Branch Manager for a national savings bank. A few years later I was a mortgage consultant for a large New Jersey Realtor company's mortgage subsidiary that was a direct lender and serviced loans.
A few years later I started working as a mortgage consultant for New Jersey mortgage bankers/brokers. After all those years working for commercial bank and savings bank and direct lender, I finally decided the best way to do the business was as a mortgage banker/broker--access to many more products and not having to say "no" as much.
Enjoyed the business so much (even with all its ups and downs) took a couple years to open own office in July, 2007 with a partner. One month later the Subprime mortgage mess hit. We did not do FHA loans and they became more important--fast. So, closed the business. Had to go work with someone who was bigger and had FHA loans, etc..
Happy to meet you all--mostly by e-mail.

Hi John,

Welcome to our forums.

Looks like you have lots of experience and knowledge of how the industry actually works.

Glad to meet you here.:)

Good luck

Welcome carl and John.

hope you like this community :)

Hi, All
I'm new to the community. My name is Yolanda. I'mc currently trying to apply for a loan modification program with HomEq. I looked at some of the types of programs they offer but it seems as the first option they put out there to you is a repayment plan. HELLO! if i could make additional payments on top of my mortgage payment I wouldn't be in this situation. Anyone has any suggetions on dealing with this company. I was also reading that starting 12/15/08 there is a new expedited program called streamline modification plan put in place by the government. Its under the hope now website.

Hi yolandaross!

Welcome to forums!

Loan Modification means extending the loan period and adding the missed payments to the loan balance. This process may reduce your monthly payments and also help you pay to off the dues so that you can get current on the loan. The monthly payments can also be lowered by rate reduction. In a loan modification, the lender will offer you a alternate repayment plan.

Yes, I have also heard of the streamline modification plan which starts on December 15th, 2008. It applies to at-risk borrowers who are 90 days or more delinquent on their mortgage payments, are not in bankruptcy, and applies to owner occupied single family homes.

Feel free to ask if you further queries.

Sussane

My name is C.J LALLY and I joined the community to stay informed and to be able to ask questions. I am the CEO of FHA CHOICE APPRAISAL MANAGER. We have Top Quality good honest appraisers in all 50 states that specialize in thier fields. I feel it is my duty to keep up with all current information, so I can continue to provide excellent service to my clients Mortage brokers , Loan Officers and Attorney's along with Investor's and my Appraisers. Thank you

Welcome cj

It will be great having such an experienced person in the community. I hope a lot of people will be benefited from your suggestions. :)

James

Hi I'm Kelly, my husband and I are looking at refinancing, have already been in touch with our current mortgage holder, Countrywide. We have a first and 2nd, and about $38500 in cc debt. Our current first has $137k, 2nd has $34k on it. The first is at 5.875, 30 yr, 2nd is at 7.5%, 15 year. We've been in our house since 2004. We should have about $55k equity in it, if the appraisal comes back where we want it to. Any suggestions, comments, things to consider? Thank you for your time. Kelly

hi tkpowell,

welcome to the forums.

do you mean the appraised value is low enough to help you get a refinance loan? how'sd the housing market in your area? are homes selling at very low prices there? it could be one of the reasons for a low appraisal in your case.

you may pretty good amount of cc debts. the mortgage balance is not low either. i suggest that you have the appraisal reviewed once again by another appraiser. are you refinancing simply to pay off the cc debts. i mean are you ok with the 2 mortgages?

if you're refinancing only to pay off cc debts, i'll suggest that you think of some other option such as debt consolidation or debt settlement to repay your unsecured debts.

let me know if you have further queries.

take care

Here is all my contact information and a little background on me.

I am originally from Arizona and have been in and around the Real Estate business for the past 10 years. I currently reside and work in Texas.
I have been a licenced Real Estate Agent in both Arizona and Nevada. I worked with Stewart Title in Arizona as an escrow assistant for 2 years and I have been a Home Loan Consultant for the past 5 years.
I am Bilingual (spanish) and I am very knowledgeable in helping clients improve their credit situations so they can qualify for a home.

I have a "mobile office" so I am able to pre-qualify clients on the spot. I often work from home which allows me to be available on weekends and evenings.

Elisa Hoyos
Bilingual Home Loan Consultant
First Liberty Financial

888-694-2323 office

Hi elisahoyos,

Welcome to MortgageFit Forums! It's great to have such an experienced and knowledgeable person in community. :D

James Hogg

Welcome to our community Elisa :)

Im JG Wyld, Im learning the ropes of home selling. Hows everyone?