Investors Are Trying To Help!
Posted by admin under: Main Feb 15Well yes it’s good news for those who are in an adjustable rate mortgage. This was brought up to my attention in the end of January. Something that I have seen help many people get a loan MOD with some investors out there. This loan MOD process is simple and very effective.
This is how you qualify.
1st: Do you currently have a Fannie Mae mortgage (must be 1st TD).
2nd: Have you been making your mortgage payments on time for the last 12 months?
3rd: Do you have a 620 FICO score or above?
Guess What? You now qualify to receive a fast streamline loan MOD through your current lender. You are probably wondering that this is to easy, and your right. And here is the best things about this process.
Since you are currently a Fannie Mae mortgage holder. You don’t need to go through a long process to get some help.
You don’t need to show any INCOME DOCUMENTATION. As long as you have a job you are good to go.
Well you might ask a question. “What if I am upside down on my mortgage?”
If there wasn’t already a lot of good news 60% of these loan MODS do not require for you to have an appraisal done on your property.
WOW… this is what every investor should be doing. And from my knowledge most of them are going to start offering this wonderful streamline process to maintain their client?le and to avoid ending up with all those R.E.O.’s.
Hopefully this will help many of you. This is not an attempt to obtain any business I am simply trying to educate you with what some of the investors are trying to do.
Yancy Martin
Real Estate Finance
Original here 
Source: Investors Are Trying To Help!
Friday, February 15th, 2008 at 11:58 pm and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.