http://www.mortgagefit.com/blog/loan-modification/ Behind the scene Sat, 11 Feb 2012 05:21:42 +0000 http://wordpress.org/?v=2.5.1 http://www.mortgagefit.com/blog/loan-modification/#comment-17860 Gregory Despain Sat, 05 Dec 2009 20:17:55 +0000 http://www.mortgagefit.com/blog/?p=85#comment-17860 So what does that mean? If the underwriters believe that the person with the bad credit can make payments, they may refinance with no closing costs. The other thing to make note when you are looking at a bad credit refinance is that you need to state your case in terms of the bank. Nevada, California, Arizona, and Florida are particularly hit hard. I don't want to come to an abrupt ending and also you know, curiosity killed the cat. Part of the problem that has been created was due to the sub prime crisis that was created when major banks started to issue lots of risky credit, and then insured those loans with credit default swaps. So what does that mean? If the underwriters believe that the person with the bad credit can make payments, they may refinance with no closing costs. The other thing to make note when you are looking at a bad credit refinance is that you need to state your case in terms of the bank. Nevada, California, Arizona, and Florida are particularly hit hard. I don’t want to come to an abrupt ending and also you know, curiosity killed the cat. Part of the problem that has been created was due to the sub prime crisis that was created when major banks started to issue lots of risky credit, and then insured those loans with credit default swaps.

]]> http://www.mortgagefit.com/blog/loan-modification/#comment-13641 joe Sun, 03 May 2009 04:29:15 +0000 http://www.mortgagefit.com/blog/?p=85#comment-13641 great article. I think more people should try to do loan modifications themselves great article. I think more people should try to do loan modifications themselves

]]> http://www.mortgagefit.com/blog/loan-modification/#comment-9804 James Fri, 13 Mar 2009 17:54:24 +0000 http://www.mortgagefit.com/blog/?p=85#comment-9804 I found this <a href="http://home-mortgages.suite101.com/article.cfm/mortgage_loan_modification_prevent_foreclosure" rel="nofollow">Mortgage Loan Modification</a> article recently as well which also explains how if you are a Fannie Mae or Freddy Mac loan holder, you may be eligible for a loan update. I found this Mortgage Loan Modification article recently as well which also explains how if you are a Fannie Mae or Freddy Mac loan holder, you may be eligible for a loan update.

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