housing boom. When we began investigating refinancing to a fixed-rate mortgage, our lender told us our mortgage was upside down by almost $30,000 and they wouldn’t refinance. Scary! My wife wants to.
No Job Need A Loan Prime Lending El Paso Tx We strive to make homebuying as easy and efficient as possible. contact premier nationwide lending – and experience the Premier difference today.. AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV.No income, no asset – Wikipedia – No income, no job, no assets ("NINJA") A NINJA loan is a nickname for very low-quality subprime loans. It was a play on NINA, which in turn is based on the notation scheme for the level of documentation the mortgage originator required. It was described as a no income, no job, [and] no assets loan because the only thing an applicant had.Refinance Without A Job
With an upside-down loan, the collateral that secured the loan is worth less than the money owed on it. This is relatively common during the early years of car loans because cars depreciate so rapidly that it is easy to owe more on a car than it is worth.
ConfiCasa Mexico loan programs: Financing 101 for. – Welcome to cross-border mexico mortgage financing. In today’s global economy, where much of the 2008/2009 recession is pinned to the housing crises that was fueled by zero down, low interest and easy to obtain mortgages, it seems crazy to be getting excited about new mortgage products.
Upside Down Refinance – Bills.com – Some lenders will not approve anyone for a loan modification unless he or she has first fallen behind on the mortgage payments. If it is not a loan modification that you seek, but a refinance, there are a few programs that exist for borrowers who are upside-down on their mortgages. Refi Plus. One program is called ‘Refi Plus.’
Can Chapter 7 Bankruptcy Help With an Upside Down Mortgage. – What is an Upside Down Mortgage? An upside down mortgage is when more money is owed to the mortgage lender than what the home is worth. The can happen when a home is purchased when the market is doing well, but several years later, if the market declines, the value of a home can decline with it.
Government Refinance Assistance – New Government Refinance and Home Purchase Programs Now Available [Update – The Fed has been compressing mortgage interest rates on Fannie Mae, Freddie Mac, FHA, VA, and USDA mortgages for some time now.Due to those efforts and other market factors, interest rates most 15-30 year fixed government-backed mortgages remain quite low by historical standards.
Mortgage Relief | SuperMoney! – The mortgage relief process. The mortgage relief process can be tedious and complicated. Come armed with patience, a pen and paper, and the following documentation: Recent pay stubs showing your monthly gross income. Copies of your recent tax returns. Your monthly mortgage statement. Information on additional mortgages or HELOCs.
Got An Upside Down Mortgage? Would You Foreclose and Walk. – Got An Upside Down Mortgage? It’s hard to believe that it was a mere couple of years ago when homes were selling like hotcakes with multiple bids.