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Back in March I was told that April 1st was D-day.
When I called Wells Fargo I was told they will not do them til the middle of April.
Are there any lenders out there that have implemented the government program?
Back in March I was told that April 1st was D-day.
When I called Wells Fargo I was told they will not do them til the middle of April.
Are there any lenders out there that have implemented the government program?
We were told that they were to go into effect today, but there's nothing on this morning's ratesheets...I have calls into my reps.
I spoke with Countrywide yesterday and they were offering it!
I called them today and they told me that they are only doing them for their existing customers.
I also called Schwab and they will not give you rates until you apply which are different from the ones on their website.
Does anyone know if the rates are going to be different for this program? I thought the program was intended to help us take advantage of current rates. I didn't know we may get higher rates than for regular refi. Does anyone have info on rates? TIA
I'm not too familiar with this program so if anyone can shed some light on it. I did some basic searches and wanted to know if this program will benefit people who have LTV (loan-to-value) lower than 80% in getting a lower rate when refinancing?
I'm not too familiar with this program so if anyone can shed some light on it. I did some basic searches and wanted to know if this program will benefit people who have LTV (loan-to-value) lower than 80% in getting a lower rate when refinancing?
If LTV is less that 80% then you can do a regular refinance. The purpose of the program is to allow people with LTV greater than 80% to refi without having to pay PMI. AT 80% or less you do not have to pay PMI.
You contact your current mortgage service company to participate. It is my understanding that the response is so big that many companies have a wait of 60 to 90 days after you submit a full application.
You contact your current mortgage service company to participate. It is my understanding that the response is so big that many companies have a wait of 60 to 90 days after you submit a full application.
The rules say that you can shop around for a different lender. As long as they process fannie mae or freddie mac loans.
You are not stuck with your current lender. My lender is not accepting applications yet any way.
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