Brian
LOOKING TO REFINANCE
Had Option ARM Mortgage (negative amortization) paying the lowest amount. Principal increased to near 120% of loan. Instead of going into foreclosure did a loan modification to a 5 yr interest only at 6.375%. Loan payment increased by $800 a month. Credit score at this stage 760. Always made payments to credit cards and mortgage. To afford the increase in mortgage payment filed Chapter 7. The obligation for credit cards now goes to mortgage payment. Never missing mortgage payment. 1/21/9 Discharged from bankruptcy. Owe – 1st mortgage $517,479.23 @ 6.375% (WaMu) 2nd $52,323 @ 6.875% (Countrywide). June of 2006 SFR appraised at $655,000 (60618). Gross income $94,000 (verifiable). If interested e-mail BiggB1@sbcglobal.net



Brian, if you are up to refinancing you can try Personal Loans for Bad Credit
Posted: July 17th, 2009 | Report This Comment