Do they convert a ARM loan to fixed? Do they just lengthen the term of the existing loan? Does the home owner have any choices on terms?
15-Mar-2010
I’m in a bad car loan with a high APR. Back when I got it, I was making around 50k/yr and had terrible credit due to a divorce. I now make over 100k/yr base and own my own home. I cannot get refinancing and cannot get the terms renegotiated. Why?
04-Mar-2010
I am working with my lender to get my home loan modified. I also will have to file for bankruptcy; that is after my hugely expensive divorce is final. I have heard that once I modify my home loan, I will lose the modification terms if I apply for chapter 7. Is that true?
24-Feb-2010
I have very good loan terms on my home but I cant afford the high paymets can I save my home.
21-Feb-2010
Mortgage Loan Terms
Category : mortgage loan
Made in 2007 for the Southwest Michigan Association of Realtors. Even with changes to the industry in 2008, the terms still apply.
18-Feb-2010
I am currently behind on my mortgage and my options are to sell the house for less than I owe, foreclose or as someone suggested negotiate my loan terms with my lender. Who would I talk to do renegotiate as that would be my preferrence? I think if they would drop the rate for me I would be able to make my payment and save myself and the bank money by avoiding foreclosure. I just don’t know who to talk to and how to convince them that this is the best way to do it. I can prove to them that I’m upside down and houses are sitting in the market for 6 months or more. The customer service reps won’t help me because they are just trained to collect and I can’t pay them.
