If you are interested in refinancing, something to consider is the newest to the lending market: loan modification. To qualify a borrower must meet at least one of the following criteria:
1. High Loan-to-Value (90% or higher).
2. Bad credit due to late payments on credit cards, mortgage, medical bills, etc.
3. Adjustable Rate (that has or will change in the future)
4. Option Arm or pick-a-pay loan.
5. Temporary or permanent financial hardship (i.e. job loss, medical emergency, divorce, income reduction, etc.)
6. High Debt to Net Income Ratio
If you believe you may qualify and are interested in seeing if you actually do contact me direct and I will get you started and give you more details. Tracy Pina
Wednesday, January 7, 2009
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