Question


Laurie

obama said he is helping people stay in there homes.my morgage is subprime,my house is worth what i paid for i?

my home is worth less than i paid for it.Also I have a subprime loan. It was so called modified once.I have never been late,who will refiance me

7 months ago - 2 answers

Best Answer

Chosen by Asker

You already modified your loan, I do not think you qualify for the Obama plan, which goes into effect May 4th. I already have one relative on it. His principle was reduced to half (what the appraiser I hired said it is worth) and there is no interest rate. His payment will be income based, but we do not know what it will be until the 4th. Your mortgage company signs you up, but as you already modified your loan you should not qualify for another modification.

by Landlord

7 months ago

Asker's Rating: 

Other Answers

Your bank. Although I am not sure why you accepted a sub-prime loan? Either because you are too trusting? Or maybe it's the same reason that your questing is spelled wrong and doesn't make much sense? Good luck either way, stupidity killed this country, now we'll save your ass.

by roxy- 7 months ago