hi im a loan officer if anybody in this forum needs help with their mortgage or planing to buy a new house im willing to help them out i forgot to mention some of the guys at the mini meet anyways let me know what you guys need you guys can contact me through me email thank you

sadaanderson@hotmail.com

 

which bank do you work for?

 

I believe he works for Wells Fargo.

Edit: My bad, he doesn't work for WF, that would be Agent F. Sorry.

 

i work for almaden mortgage we do work with wells fargo as well but i dont like there rates always high and i also work with other banks as well

 

Anyway you can help me out? My mortgage is with WF and locked in at 6.625% for 30 years. The only problem is I owe about $150k more than what my house is worth. I've talked to a few friends of mine who are brokers as well and they said my only option is to throw myself at the mercy of the lender's loan modification.

 

yea thats the only way you can do right now loan modifications are hot alot of people are doing it so let me know when u are interested

 

What are some of the downsides for modifying your loan?

 

Subscribed....

 

The news that big banks will embark on ambitious programs to modify mortgage terms has been hailed as good news for the economy. But there's a downside, if you're an investor in the mortgage backed-securities, that include the modified loan. These MBS would be expected to decline. Which would reduce their value. Unsurprisingly, a group of MBS holders have sued Countrywide and its new parent, Bank of America, seeking to force them to buy back the loans they modify. A deal announced in October with 15 state attorneys general calls for Countrywide to settle charges of predatory lending for about 400,000 mortgages, reports Reuters. Other banks will modify mortgages but the majority of these loans appear to be loans that the bank holds.

 

can you help me with a car loan?

 

what are you trying to do with your loan?

 

get approved lol

 

probally a complex question but if i wanted payments to be about 1500 a month TOTAL what kind of ammount am i looking at. I know there is a lot of factors that play into this i was just asking for a ballpark figure

 

Seen 175k-200k for that much but of course thats not 100% accurate.

 

whats your credit score?