Upside Down Mortgage Refi
Any suggestions for assistance on refi of upside down mortgage with a revolving loan at 14.49%. Mortgage bal 185,000, revolving loan 27,000.; monthly gross 9,226. Also have $36,000 VA eligibility mortgage guarantee.
Terry Says: This is insane. You need to immediately find out what programs are available to you — and there are several if you have managed to keep current! Check out the HAMP programs and the VA. I don’t know what you mean by a $36,000 “VA eligibility” since there is no limit at that level if you qualify for a VA refi. Here’s a contact for VA loans:
Daniel Chookaszian
Vice President of Residential Lending, PERL Mortgage, Inc.
312.376.2215 Office | 312.376.2278 Fax | 847.648.7107 Cell
837 N. Milwaukee Ave. Chicago, IL 60642
dchookaszian@perlmortgage.com