Posted on: 22nd Dec, 2010 04:58 pm
We have excellent credit, have never been late w/pmt, but have TWO mortages on 2 properties w/wells fargo.
The loan I'm worried about is a 5/1 int-only ARM. Had 5 appraisals on house in last year from all these mort. co's who pre-qualified us, then @ 11th hr. said our debt-to-income was too high-and,"see ya" We have good net worth, cash in the bank, but NO way to re-fi. The home is valued @ $65K more than the $375K mort. Any way to move these bankers off the dime & RE-do the existing loan for the next 27 years? Thx, TB
The loan I'm worried about is a 5/1 int-only ARM. Had 5 appraisals on house in last year from all these mort. co's who pre-qualified us, then @ 11th hr. said our debt-to-income was too high-and,"see ya" We have good net worth, cash in the bank, but NO way to re-fi. The home is valued @ $65K more than the $375K mort. Any way to move these bankers off the dime & RE-do the existing loan for the next 27 years? Thx, TB