Question by Me: Should I refinance or try a loan mod?
I haven’t been living in the property because I’ve been in grad school out of state. I have a job where I am now, there ailment but I’m underemployed. My options are to #1- move back and make it my primary residence and find suitable employment where the property is located before starting a loan mod process OR #2- refinance under the home affordable refinance program.
I’d like to stay where I am and continue to rent the property but I can’t manage the amount I owe presently.I need to do something fast because I owe the regime 20k and they are threatening to foreclose. I am current on the mortgage payment. My credit score is around 690. I always pay on time(except the regime) but I have a lot of outstanding debt from student loans.
PLEASE give me some advice.
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Mortgage Rates: Low Mortgage Rates Remain Stable as Debt Ceiling Crisis …
Current FHA 30 year fixed mortgage interest rates are as low as 3.250%, pills FHA 15 year fixed mortgage rates are as low as 2.750% and FHA 5/1 ARM loan rates are as low as 2.250%. The low down payment requirement for FHA mortgages makes this a very …
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Current Mortgage Rates at Wells Fargo
Current Mortgage Rates at Wells Fargo Standard 30 year loan interest rates are coming out at 3.500% at Wells Fargo (NYSE:WFC) and an APR of 3.834%. The FHA 30 year loans are being offered for 3.250% at the bank with a rather higher APR of 3.930%.
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