http://nxus.net/can-anyone-tell-me-more-about-the-making-home-affordable-program-will-i-qualify-read-more.html Solution to your Niche Question Sat, 15 Oct 2011 00:02:34 +0000 hourly 1 http://wordpress.org/?v=3.1 http://nxus.net/can-anyone-tell-me-more-about-the-making-home-affordable-program-will-i-qualify-read-more.html/comment-page-1#comment-4908 kcgpulice Fri, 01 Jan 2010 02:51:16 +0000 http://nxus.net/can-anyone-tell-me-more-about-the-making-home-affordable-program-will-i-qualify-read-more.html#comment-4908 One reason I don't think you would qualify is because you have to owe between 80% to 105% of your home's value. You owe more than that, sounds like. Read some of the facts sheets here, http://www.financialstability.gov/ I worked with Wells Fargo too. They are clueless about what this program is. All the counseling numbers I called, they are cluesless too. But if you call your state's HUD numbers from the MHA website, they may tell you your best options. I learned a lot from a few phone calls. I think you can and should refinance with a lower fixed interest rate. And they are low for everyone now. Record lows. You will have to pay about $400 for a refinance application. Then the closing costs and everything, if you wish, could be added to your mortgage amount. That could be up to $2000. Sounds like a lot, but with a lower rate, you'd be better off. If Wells Fargo says they can't help you, go to your local bank and ask to have a sit down with someone about refinancing. They might help, or at least give you free advice. Good luck. One reason I don’t think you would qualify is because you have to owe between 80% to 105% of your home’s value. You owe more than that, sounds like. Read some of the facts sheets here, http://www.financialstability.gov/
I worked with Wells Fargo too. They are clueless about what this program is. All the counseling numbers I called, they are cluesless too. But if you call your state’s HUD numbers from the MHA website, they may tell you your best options. I learned a lot from a few phone calls.
I think you can and should refinance with a lower fixed interest rate. And they are low for everyone now. Record lows. You will have to pay about $400 for a refinance application. Then the closing costs and everything, if you wish, could be added to your mortgage amount. That could be up to $2000. Sounds like a lot, but with a lower rate, you’d be better off.
If Wells Fargo says they can’t help you, go to your local bank and ask to have a sit down with someone about refinancing. They might help, or at least give you free advice.
Good luck.

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