NLIC.org

Mitchell Said:

Why Don't Mortgage Companies Refinance?

We Answered:

You are working under the assumption that the problem in the ARM (Adjustable Rate Mortgage) and not the borrower. The reality is that in most cases the borrower is the problem. Changing the type of loan doesn't change this. The truth is that a lot of people were given home loans that should not have been given them. Mortgage companies are now realizing this. It makes sense for them to cut their losses, as heartless as that may seem.

Edgar Said:

Are there any mortgage companies willing to REFINANCE someone with a great credit score?

We Answered:

call first and then visit mortgage brokers; ask if they do
commercial. Agree to pay no front fees whatever; no
app fees, no appraisal fees, credit check fees.
none; all of those should come of the new loan

Judith Said:

Did some mortgage companies dupe people into buying more home than they could afford or to refinance?

We Answered:

Yes, that is the issue. That is why they are called predatory lenders. However, just wait you will get a lot of "answers" placing 100% of the blame on the homeowner.

Margaret Said:

Are there any mortgage companies that would be willing to refinance to someone that has filed bankruptcy?

We Answered:

national city mortgage will, when your 2 years or more out of the b....word...

Sue Said:

I want to refinance my two year fixed mortgage. I'm in a Chapter 13 bankruptcy. Any good companies for this?

We Answered:

I would love to help you! However...your approval will boil down to what your home is worth & the size of loan amt. you need to pay off your mortgage & your BK. So if those all check out to be 85% loan to value & you have a fico of 580 & higher...your loan is a slam dunk!