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Check the Fine Print-Come and get your Loan Mod!
Mr Mortgage is a good site to keep up on the proposals and schemes
Come and get your Loan Mod
http://mrmortgage.ml-implode.com/2008/12/17/fanniefreddie-co...
I received a letter
I received a letter yesterday. My APR went down 1%. My mortgage is $140.00 cheaper per month next year. It was a nice Xmas gift since the bank has stonewalled my refi last 2 yrs.
THANKS FOR THE INFORMATION
FREEDOM
"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI
it would be great
to see it get about 3 percent for omeowners being that its gonna get harder and harder to make that mortgage payment, im in construction and it isnt looking pretty!
we need to put this sight on here
http://www.bostonteapartyii.org/index.html
it will be going lower
soon...
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
I was wondering
why you think it will be going lower. Do you have any more information to share? Thanks.
Reasons...
...i think the Government is trying to stave off a tsunami of forclosures...this is the only way to do that...basically keep people in their homes at a lower payment. paying off some of the mortgage basically...i've been waiting to see the 4.5% and i will be refinancing myself if the penalties are low enough...
http://www.prlog.org/10154699-treasury-aiming-30-year-fixed-...
Treasury Aiming 30 year Fixed Mortgage At 4.5%
Last week’s Fed announcement drove mortgage rates down to 5.5% from 6.06%. Mortgage applications more than doubled for refinancing. Treasury Department to prepare a plan in hopes of lowering mortgages to as low as 4.5%.
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Dec 13, 2008 – Lobbyist are pressuring the Treasury Department to prepare a plan to purchase current portfolios of mortgages from banks in hopes of lowering mortgages to as low as 4.5%.
Last week, the Federal Reserve announced it would buy $500 billion in mortgage backed securities from Fannie Mae, Freddie Mac a Ginnie Mae. Response was immediate as mortgage rates dropped.
...and another one...
http://www.prlog.org/10154059-refinancing-mortgages-in-deman...
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
I just refied and will be closing this week at 5.125%
Banks are lending.....you have to have 20% equity/down and over 700 score. This is the way it should have been before the fed went crazy with the lending and we would not have been in this mess.
CREDITS GOOD
HAVE EQUITY ALSO, JUST NOT SURE IF THEY WILL LOAN.
we need to put this sight on here
http://www.bostonteapartyii.org/index.html
One way to find
One way to find out.....ASK
http://www.1776solution.blogspot.com
"If I want to be free from any other man's dictation, I must understand that I can have no other man under my control." ~William G. Sumner
http://militantjeffersonian.com
"Men do not willingly read unpalatable truths of themselves. The People like those best who fool them most, by pandering to their vices and flattering their foibles" Raphael Semmes
Banks are not refusing to
Banks are not refusing to refinance but it all depends on your situation. Do you are enough equity in your home or are you, like many, upside down. Is your credit score high enough to refinance under tighter credit qualifications, etc.?
http://www.1776solution.blogspot.com
"If I want to be free from any other man's dictation, I must understand that I can have no other man under my control." ~William G. Sumner
http://militantjeffersonian.com
"Men do not willingly read unpalatable truths of themselves. The People like those best who fool them most, by pandering to their vices and flattering their foibles" Raphael Semmes