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I am current but underwater with a non freddie fannie or fha loan... What is there out there for me?

by krhine_786_520 from Discovery Bay, California. Jul 13th 2012 Reply


Heney Shihad (OmniFund)
#645 ranked lender in California - 4 contributions

There are very few options left for you. Do you currently have a FHA loan or VA loans? If not, are you currently serving or have previous served in the armed services?

Jul 13th 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

I'm assuming it's not a VA or USDA either, if it was there are refinancing options for you... You can go back to your current servicer and see if they might consider refinancing you, however it's very unlikely... you could also buy down your mortgage balance below the 95% required to refinance, but that's not a sound financial option either.. The White House has a website dedicated to answering questions regarding the latest refinance plan proposed by President Obama.. www.whitehouse.gov/refi So it's appears that help is on its way.. Stay tuned.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jul 13th 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 1,823 contributions

Nothing right now, except to try to negotiate with your current lender. There is some discussion about an additional phase of the HARP program, that may help you, but time will tell if anything materializes. Wish I had better news for you. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Jul 15th 2012
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Linda Wintersteen (Linda123)
#62 ranked lender in Arizona - 1,256 contributions

It will all depend on your loan amount vs the value, and who your servicer/lender is ... If you want, email me to yourloanpartnerforlife@live.com

Jul 14th 2012
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

If your current lender will not work with you I do not know of anything else you can do at this time.

Jul 14th 2012
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Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions

nobody that I know of will do that type of loan. Must be Fannie or Freddie

Jul 14th 2012
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Axel Logan (mayfunds)
#562 ranked lender in California - 7 contributions

We provide loans to people in need of financial assistance. Apply for a personal loan at a low interest rate, with no credit check. e-mail us now for your financial solution. e-mail: mayfundsinc@live.com

Jul 15th 2012
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 796 contributions

Ask your current servicer, or maybe Harp3.0 might have some relief for you.

Jul 15th 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

How far under water are you? And how high is your current interest rate?

Jul 16th 2012
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