georgegordon08
Welcoem to the forum.
Probably that may not be possible. Probably its a good option to talk to the lender and see if they can help you with loan modification.
You may need to write a finacial hardship letter to the lender esplaing your situation. You will find a sampleof that letter on this forum.
Good luck afeel free to ask.
Welcoem to the forum.
Probably that may not be possible. Probably its a good option to talk to the lender and see if they can help you with loan modification.
You may need to write a finacial hardship letter to the lender esplaing your situation. You will find a sampleof that letter on this forum.
Good luck afeel free to ask.
Hi georgegordon,
Is your mortgage owned by Fannie Mae or Freddie Mac? If it is, then you can qualify for the new Home Affordable Refinance program. It allows the homeowners, whose property has decreased in value, to refinance to take advantage of the lower rates. The program allows you to refinance even if the LTV ratio of the property has far exceeded the 80% mark. However, you need to be current on your payments to qualify for the program.
Is your mortgage owned by Fannie Mae or Freddie Mac? If it is, then you can qualify for the new Home Affordable Refinance program. It allows the homeowners, whose property has decreased in value, to refinance to take advantage of the lower rates. The program allows you to refinance even if the LTV ratio of the property has far exceeded the 80% mark. However, you need to be current on your payments to qualify for the program.
Good suggestion Jenkin7