UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: kook79 Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127236  
Subject: Re: Consolidating Mortgages Date: 12/11/2012 1:06 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Dave,

The bumps that I am running into are:

1. The LTV on this one property is about 95%
2. BAC says that I cannot do it since they have a policy about how many home loans you can have
3. I've gone as far as to try and do a modification on it, but they told me that I:
a. Make too much money
b. Am current on the loan
c. Don't seem to have any issues making the payment

I've been up and down this thing thing for the past two years and I cannot get anywhere with it. Looking at business loans is my thinking outside of the box. I would like to consolidate all of them under one loan with an interest rate of between 3.5% - 4.5%.

Thanks for any assistance.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement