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Jun/14Betsalel Cohen
June 11, 2014My husband and I bought our first home about three years for $300,000. Because we had a low down payment and only fair credit we took out a 30-year FHA mortgage at 4.45%. I recently got a significant raise and both of our credit scores have improved. My husband thinks that mortgage costs are too high, but I think that it might be a good idea to refinance.
Do you think that we shou...
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Jun/13Betsalel Cohen
June 4, 2013I own a home in Seattle that is worth $300K but we owe $400K. Wells Fargo, the first lien holder, agreed to modify the loan. Charter One (second lien holder) charged-off the 2nd right before the modification was approved. Charter One has not signed off on the Wells Fargo modification yet. Can/will Charter One hold up the Wells Fargo modification? Is short sale an option once a 2nd mortgage l...
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Aug/12Betsalel Cohen
August 12, 2012How much will a modified refinanace (4-5 mths with reduced payment) hurt our credit score? Then refinance to lower rate and pay full payment.We both are in the upper 700s to 800 credit score.
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Dec/11Betsalel Cohen
December 1, 2011We owe $97000 on our first mortgage and $57000 on an equity loan. Both are with US Bank. The first is at 6.25% and the second is at 9.49%. We bought our home in 2004 and have always been current with payments. Are we eligible for new program & and can we refinance both loans?
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Nov/11Betsalel Cohen
November 29, 2011I've recently began the refinancing process with a lender that was offering me a DU Plus refinance. Everything was going fine until I was informed that my debt ratio was too high to qualify (they said I'm at 40%). I had an appraisal that put me at 119% loan to value ratio and they told me that I would still be able to refinance if I brought $4000 to closing. I have a 726 credit score and I m...
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May/11Mark Cappel
May 16, 2011My domestic partner and I are splitting up and we own a home together. He wants me to sign a quit claim deed but refuses to refinance and our lender won't take me off the loan because we have a second mortgage. My 1st question is, is there anything an attorney can right up that keeps me on the title but states that moving forward, I have no right to occupy or rent out the property? if I ...
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Apr/11Mark Cappel
April 19, 2011
My wife and I are 61. The market value of our house is $300,000 We have a loan balance of $118,000 at 6.3% fixed for 30 years. Twenty five years remain on the mortgage. We have a FICO score of 812. At what rate would we have to refinance to make it worthwhile considering fees, etc? An suggestion on where to go for the best refinance deal? We plan on staying in the house for five years until ...
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Feb/11Mark Cappel
February 7, 2011
We have been working W/Chase for over 6 months on debt forgiveness and as of today no success. Do we have any other options or avenues that we can pursue? We are not late on the mortgage just we owe $100K more than what the home is worth. After reading I went through proper steps but need to find out what else I can do to get the process to work for us.
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Dec/10Mark Cappel
December 30, 2010
We need to refinance our home and we are upside down. We have been told the only way to refinance is to miss two payments. Is there a way to do this without having a negative impact on our excellent credit rating?
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Dec/10Daniel Cohen
December 16, 2010My only income is a State Pension and Disability. I stopped paying my credit cards. I read what you said to put on my account contains pension and Social Security only. They call me all day long. Should I write and tell them that is my only income or just do nothing. I also applied for a loan modification, can the creditors mess that up in any way.
