You should first contact Wells Fargo and request them to take swift actions in this regard. If you've equity in the property, then you can definitely speak to the other lenders and check out if they can help you with a refinance. Alternatively, you can also contact the lenders of this community and seek a no obligation free mortgage quote.This will help you know the rates and terms prevailing in the market. _________________ Procrastination is the enemy of your financial sucess
Des Guest
Posted: Fri Nov 06, 2009 9:58 am Post subject: BOA Refinance
I've been trying to refinance my home since May09 through BOA, they keep telling me they are backed up and do not have enough people to help process the paperwork. I do not think I have enough patience to go through with this now, I am not even sure if it's even worth it! Now they want me to get flood insurance and I am not even in a flood zone!
Did you inform the lender that you are not in the flood zone? You may inform him and check out if he still wants you to have a flood insurance. I can understand how frustrating you must be feeling as you are not getting the refinance.
Sussane
Des Guest
Posted: Mon Nov 09, 2009 9:56 am Post subject: Refinancing
I checked w Allstate and they said that FEMA has updated their records and I am in a flood zone now. Now Allstate won't give me a quote into i get an updated survey. As u may already know these surveys are not free, and BOA has said they will work in the amount into the good faith estimate and nothing will come out of my pocket. So now not only do i have to get flood insurance, I also have to get a new survey..... I understand the banks have to do wha they need to do in order to approve only qualified people who can afford to refinance, by the time this is all done, with all these fees they are adding, i may not be able to afford my new mortage payment, i would rather be safe then sorry and just stick to the mortgage payment i have now.
adonis
Previous 1 2 3 4
