Bank of America (BoA) Mortgage Refinancing [mortgageinsurancequotes.blogspot.com]
Question by Sandy: If my mortgage lender (BOA) won't give me a loan modification, should I try with another company? I'm in the foreclosure process trying to hold onto my home the best I can. BOA won't give me a modification because they say my income and expenses exceed their guidelines! I cannot bring to the table all of the funding to reinstate my loan..Short sale and Deed in Lieu are my only other options.I really want to try and save my home and credit score. Best answer for If my mortgage lender (BOA) won't give me a loan modification, should I try with another company?:
Answer by Marcus Christensen
Try calling the National Association of Homeowner Advocates, a friend recommended them to me and they helped me for free no upfront fees and very helpful, they had a very knowledgeable staff when i called in. I had a sale in 48 hours and they postponed the sale while they helped me with the modification. I tried for almost 2 years to get a loan modification through BoA with no luck, because they get money each time you apply for a loan mod. You need to go through the process with a company that isnt in banking.
Bank Of America has agreed on a 5 million dollar settlement after claims that it's Countrywide Financial unit gave higher interest rate loans to black and Latino borrowers regardless of their credit score. The Young Turks host Cenk Uygur breaks it down. www.nytimes.com Subscribe to The Young Turks: bit.ly Download the politics or entertainment hour of this TYT episode: goo.gl The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com
mortgageinsurancequotes.blogspot.com Bank Of America Minority Home Loan Settlement - 5 Million
Mortgage refinancing with Bank of America (BoA) is easier than ever. This is thanks to the $ 75 billion plan from President Obama called the "Making Home Affordable" plan. This plan will allow homeowners to get a more affordable mortgage through refinancing. Bank of America is one of the few approved by the Government lenders who offer this plan, and here is how you can use it too.
This plan works by giving a bulk of the $ 75 billion to mortgage lenders and banks like BoA who approve at risk homeowners. This will minimize the risk on the part of Bank of America and allow them to approve more homeowners for refinancing. This is a great chance for homeowners who are searching for a way to save a lot of money every month. Right now their has never been an easier or more beneficial time to get a mortgage refinanced for the typical homeowner. The savings being reported are in the hundreds of dollars per month.
Here are some requirements a homeowners needs to meet to take advantage of this plan from Bank of America for themselves:-The mortgage must have less than $ 729,500 remaining on the principal balance.
-The home must be the primary residence of the mortgage holder.
-Homeowners who have a mortgage worth up to 5% more than their homes market value still have a good chance of getting approved for a refinancing.
BoA mortgage refinancing has never been better for a homeowner. This plan will save a lot of people a lot of money, and even their homes. Take advantage now.
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