My house payments are too high, is a loan modification an option to lower the payments?

My house payments are too high, is a loan modification an option to lower the payments?
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1 Answer

Answer :

Loan modification is a possibility for you. It will depend on many factors, including your payment history, credit rating, and assets. HUD has an excellent site to do some planning on before talking to your bank or lender. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/faqlm
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Related questions

Where can I find loan modification leads?

Description : Where can I find loan modification leads?

Last Answer : The best way to see about a home loan modification plan is to talk to your mortgage broker. In these times, most mortgage companies are willing to work with their customers to arrange a loan that works better for them.

What are loan modification loans?

Description : What are loan modification loans?

Last Answer : Loan modification leads are names and numbers of people who have loans on their homes that they want to refinance. These are useful to banks so they can call people and make money.

In product modification, the FIRST issue to consider is whether : 1. the cost of the modification is too high 2. the product is modifiable 3. the quality is modifiable 4. the modification will provide the customer greater satisfaction 5. none of thes

Description : In product modification, the FIRST issue to consider is whether : 1. the cost of the modification is too high 2. the product is modifiable 3. the quality is modifiable 4. the modification will provide the customer greater satisfaction 5. none of thes

Last Answer : the product is modifiable

In product modification, the FIRST issue to consider is whether: A)the cost of the modification is too high B)the product is modifiable C)the quality is modifiable D)the modification will provide the customer greater satisfaction

Description : In product modification, the FIRST issue to consider is whether: A)the cost of the modification is too high B)the product is modifiable C)the quality is modifiable D)the modification will provide the customer greater satisfaction

Last Answer : B)the product is modifiable

Loan & Credit Line Payments?

Description : Loan & Credit Line Payments?

Last Answer : Loan & Credit Line PaymentsThis calculator helps determine your loan or line payment. For aloan payment, select fixed-term loan. For a credit line payment,you can choose 2%, 1.5% or 1.0% of the outstanding balance orinterest only.

In general, how are monthly car loan payments figured out?

Description : In general, how are monthly car loan payments figured out?

Last Answer : Monthly car loan paymnts are calculated by adding the interest to the balance and diviing it into equal payments for a set time frame. You can find a car loan calcultor at www.Edmunds.com.

Would refinancing my auto loan be a good idea if I can not afford the payments/?

Description : Would refinancing my auto loan be a good idea if I can not afford the payments/?

Last Answer : Refi of an auto loan can help to lower montly payments. You can get a lower rate if you refi with a lower interest rate.

I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Description : I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Last Answer : If you reaffirmed your car loan during your bankruptcy, you agreed to continue making the payments. If you included your car in the bankruptcy, then the loan was wiped clean, as it appears to have ... the lawyer who handled your bankruptcy, but my guess is that your car slipped through the cracks.

Will an interest only loan calculator help me determine my monthly payments?

Description : Will an interest only loan calculator help me determine my monthly payments?

Last Answer : An interest only loan calculator will not help you to determine your overall monthly payments. This will only calculate your total interest payment. To know the total cost of your loan use a loan calculator.

How do I find a calculator for car loan payments?

Description : How do I find a calculator for car loan payments?

Last Answer : If your looking for an auto loan calculator, Bankrate is a great place to start. They provide car loan and auto loan calculators to help with your buying decision. http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx

How can I lower my car insurance costs after I fell behind in my payments?

Description : How can I lower my car insurance costs after I fell behind in my payments?

Last Answer : You can start making your payments on time and avoid accidents

I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Description : I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Last Answer : Untrue. I was promised an immediate refinance and it is 2 1/2 yrs. later and I have not been able to refinance. With Conventional loans there is no seasoning. FHA loans do require 6 months. ... There are obviously other issues which have nothing to do with the number of payments that have been made.

Lower Your Payments?

Description : Lower Your Payments?

Last Answer : Most banks and car dealer websites have an auto refinancing calculator that customers can use to recalculate their monthly payments. If you have been making more than the required monthly ... the information into the calculator correctly so that you have the most accurate payment information.

If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Description : If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Last Answer : Not always. Sometimes it just aggravates the problem. See a debt counselor first.

Is an Overseas education loan a better option to fund higher studies abroad?

Description : Is an Overseas education loan a better option to fund higher studies abroad?

Last Answer : Funding options for Abroad studies

Where i can get Instant Personal Loan Would Be A Good Option. Could Anyone Say The Basic Criteria Required To Apply For Personal Loans In South Africa?

Description : Where i can get Instant Personal Loan Would Be A Good Option. Could Anyone Say The Basic Criteria Required To Apply For Personal Loans In South Africa?

Last Answer : I was also confused when I was a first timer in this field, butwith the help of a leading loan instant loan service provider, Ireceived great help, support and information on the same. ... filed for bankruptcy or is under debt review, then theyaren't eligible for cash loans South Africa.

The Perkins Student Loan Option?

Description : The Perkins Student Loan Option?

Last Answer : Attending a university can be financially very difficult. Without a scholarship or a good financial aid program, some students have to sacrifice their ambitions to earn a lessor degree, or not attend a ... the student is fortunate to get the Perkins Loan, the full amount available should be taken.

What is the point of a stock option loan?

Description : What is the point of a stock option loan?

Last Answer : Well a stock option loan is an derivative financial instrument that specifies a contract between two parties for a furture transaction on an asset at a reference price. The buyer of the ... engage in that transaction, while the seller incurs the corresponding obligation to fulfill the transaction.

Mark the correct option. In a PPF account opened on 1.2.2011: a) 1st loan can be taken on 1.4.2012 b) Loan as on 1.4.2012 shall be admissible limited to 25% balance as on 31.3.11 c) The first withdrawal shall be permissible on 01.02.2015 d) Subscriber can take second loan on 1.4.2013 without repaying earlier loan

Description : Mark the correct option. In a PPF account opened on 1.2.2011: a) 1 st loan can be taken on 1.4.2012 b) Loan as on 1.4.2012 shall be admissible limited to 25% balance as on 31.3 ... shall be permissible on 01.02.2015 d) Subscriber can take second loan on 1.4.2013 without repaying earlier loan

Last Answer : a) 1 st loan can be taken on 1.4.2012

Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at the account end of the second year preceding the year in which the loan is applied for. c) The loan is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Description : Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at ... is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Last Answer : d) All the above

Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest will be charged on loan amount d) If the repayment with interest is made on or before the 10th of the month, no interest shall be payable for that monthe) All the above

Description : Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest ... the 10th of the month, no interest shall be payable for that month e) All the above

Last Answer : e) All the above

Mark the incorrect option relating to Children Policy a) The minimum limit for insurance under this scheme shall be Rs2000/- b) Agency commission not available in this scheme c) No loan shall be applicable to children policies.

Description : Mark the incorrect option relating to Children Policy a) The minimum limit for insurance under this scheme shall be Rs2000/- b) Agency commission not available in this scheme c) No loan shall be applicable to children policies.

Last Answer : c) No loan shall be applicable to children policies.

Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies d) The risk is covered on the PLI policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Description : Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies ... policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Last Answer : e) All the above

Mark the correct option relating to the loan on PLI policy (EA) e) Exceeding 3 years but not exceeding 5 years 60% f) Exceeding 5 years but not exceeding 10 years 80% g) Exceeding 10 years 90% h) All the above

Description : Mark the correct option relating to the loan on PLI policy (EA) e) Exceeding 3 years but not exceeding 5 years 60% f) Exceeding 5 years but not exceeding 10 years 80% g) Exceeding 10 years 90% h) All the above

Last Answer : h) All the above

Mark the correct option relating to the loan on PLI policy (WLA) a) Exceeding 4 years but not exceeding 7 years 60% b) Exceeding 7 years but not exceeding 12 years 80% c) Exceeding 12 years 90% d) All the above

Description : Mark the correct option relating to the loan on PLI policy (WLA) a) Exceeding 4 years but not exceeding 7 years 60% b) Exceeding 7 years but not exceeding 12 years 80% c) Exceeding 12 years 90% d) All the above

Last Answer : d) All the above

Where can I refinance my home in Erie, Pa. I have missed 3 house payments.?

Description : Where can I refinance my home in Erie, Pa. I have missed 3 house payments.?

Last Answer : The Lend America program "Hope for Homeowners" is designed to help homeowners who cannot afford their present payments due to escalating interest\,etc. The new mortgage is based on the value of the ... the borrower to ensure a reasonable ability for borrowers to be able to make their new payments.

Condensing film co-efficient for steam on horizontal tubes ranges from 5000 to 15000 Kcal/hr.m2 .°C. Condensation of vapor is carried out inside the tube in a shell and tube heat exchanger, when the (A) Higher condensing film co-efficient is desired (B) Condensate is corrosive in nature (C) Lower pressure drop through the exchanger is desired (D) Temperature of the incoming vapor is very high Answer: Option B

Description : Condensing film co-efficient for steam on horizontal tubes ranges from 5000 to 15000 Kcal/hr.m2 .°C. Condensation of vapor is carried out inside the tube in a shell and tube heat ... drop through the exchanger is desired (D) Temperature of the incoming vapor is very high

Last Answer : (B) Supersaturated

Which of the following best describes what is meant by the term “fraud risk factor?” a. Factors whose presence indicates that the risk of fraud is high. b. Factors whose presence requires modification of planned audit procedures. c. Factors whose presence often have been observed in circumstances where frauds have occurredd. Reportable conditions identified duringan audit

Description : Which of the following best describes what is meant by the term fraud risk factor? a. Factors whose presence indicates that the risk of fraud is high. b. Factors whose ... often have been observed in circumstances where frauds have occurredd. Reportable conditions identified during an audit

Last Answer : Factors whose presence often have been observed in circumstances where frauds have occurred

How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Description : How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Last Answer : It has to do with fractional reserve banking and the extensive money (whatever that is) which is created by selling debt. Debt multiplies money held in reserves. The actual worthless paper dollars ... but I imagine their debt is insured by the same companies as the bank. Companies like AIG.

Mark the correct option relating to competent authority means:- a) The president or the governor in case of constituted by or under the constitution b) Speaker in case of house of people c) The chief justice of high court in case of a high court d) Chief justice of India in case of supreme court e) All the above

Description : Mark the correct option relating to competent authority means:- a) The president or the governor in case of constituted by or under the constitution b) Speaker in case of house of people c) The chief justice ... of a high court d) Chief justice of India in case of supreme court e) All the above

Last Answer : e) All the above

The figure Is showing part of right pelvic girdle and lower limb nones. Identify the parts labelled as A to E and select the correct option.

Description : The figure Is showing part of right pelvic girdle and lower limb nones. Identify the parts labelled as A to E and select the correct option.

Last Answer : The figure Is showing part of right pelvic girdle and lower limb nones. Identify the parts labelled as ... (" Ischium Ilium Petella Tibia Tarsal "):}`

The figure shows a diagrammatic view of human respiratory system with labels A, B, C and D. Select the option which gives correct identification and main function and / or characteristic. (a) C - Alveoli - Thin walled vascular bag like structures for exchange of gases. (b) D - Lower end of lungs - Diaphragm pulls it down during inspiration. (c) A - Trachea - Long tube supported by complete cartilaginous rings for conducting inspired air. (d) B - Pleural membrane - Surround ribs on both sides to provide cushion against rubbing.

Description : The figure shows a diagrammatic view of human respiratory system with labels A, B, C and D. Select the option which gives correct identification and main function and / or characteristic. (a) C - ... air. (d) B - Pleural membrane - Surround ribs on both sides to provide cushion against rubbing.

Last Answer : (a) C - Alveoli - Thin walled vascular bag like structures for exchange of gases.

Imagine a possibility of an emergency evacuation scenario in a domestic household in India. The height at which the inside latch of the exit-door should be installed is to be finalised. It is required to disallow opening of the door accidentally by children. Which option will determine the height at which the latch should be fixed? Assume the height of the tallest child is lower than that of the shortest adult.

Description : Imagine a possibility of an emergency evacuation scenario in a domestic household in India. The height at which the inside latch of the exit-door should be installed is to be finalised. It is required to ... in the family. D. The average height of the tallest adult male and tallest adult female.

Last Answer : B

my car payments are to high they won't let me refianice and they told me to tell the bank that I dont want the car anymore and the bank will take it do I still have to pay the note?

Description : my car payments are to high they won't let me refianice and they told me to tell the bank that I dont want the car anymore and the bank will take it do I still have to pay the note?

Last Answer : The loan is separate from the car. The car has been used as collateral on the loan itself. You can ask to see what the payoff on the loan is and possibly refinance in that way, it depends ... variables, of course. But even if you independently sell the car, you're still responsible for the loan.

Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners discriminate against domestic products C. Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Description : Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners ... . Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Last Answer : The domestic currency is undervalued relative to other currencies

Does the State of Texas’ Weather Modification program impact storms in the Gulf?

Description : Does the State of Texas’ Weather Modification program impact storms in the Gulf?

Last Answer : No, they wouldn’t waste the money on cloud seeding that produced no good for the state. Cloud seeding is usually done to promote rainfall for crops or to eliminate fog around air ports.

How do you feel about several states having weather modification programs?

Description : How do you feel about several states having weather modification programs?

Last Answer : I’ve been aware of cloud seeding for several years. Do you consider it a bad thing?

What is the most cruel body modification you could perpetrate against a person?

Description : What is the most cruel body modification you could perpetrate against a person?

Last Answer : Vagina nose or penis forehead

[SFW] If anything were possible, what body modification/s would you want?

Description : [SFW] If anything were possible, what body modification/s would you want?

Last Answer : I’d have a new prostate installed. 55 grams – like the ore that came standard.

Are tattoos/body modification becoming more acceptable and tolerated in professional settings?

Description : Are tattoos/body modification becoming more acceptable and tolerated in professional settings?

Last Answer : I reported to a VP, and knew several persons at my level who had tattoos. No big deal to have them, it was always considered good judgment to have them in places that were concealable if a client ... they just get nervous about putting you in front of a stuffy client if you can't easily conceal it.

I know I can make modification in Tiff format but I don’t exactly know how?

Description : I know I can make modification in Tiff format but I don’t exactly know how?

Last Answer : answer:You cannot modify text in TIFF-that is a picture format. And a TIFF format book is very unusual as the size of the files would be enormous. You might be able to do some modifications to your ... [more common for a book] depending on the software you have. Please show link for book. Thanks.

What is the going rate to have someone negotiate a mortgage modification for you?

Description : What is the going rate to have someone negotiate a mortgage modification for you?

Last Answer : I locked in at a fixed rate of 6.37 earlier this week. It might have gone down from there. I'm also refinancing thought so this might not be very much help. What are the exact terms you ... about working with an actual bank in a refinancing capacity. What you are talking about sounds kind of shady.

Have you ever used hypnotism to achieve behavior modification?

Description : Have you ever used hypnotism to achieve behavior modification?

Last Answer : I went to a hypnotherapist for several sessions to deal with some severe grief. He taped every session and gave me the tapes to keep. I ended up sobbing uncontrollably after each hour. It felt ... to a psychiatrist at the time and couldn't afford both. It was interesting and cleansing, however.

which of the following is not a component of behavior modification? -General Knowledge

Description : which of the following is not a component of behavior modification? -General Knowledge

Last Answer : d. It emphasizes the use of summary labels for classifying individuals.

What type of modification of root is found in the Banyan tree? -Biology

Description : What type of modification of root is found in the Banyan tree? -Biology

Last Answer : Modification of root Roots in some plants change their shape and structure and become modified to perform functions, other than absorption and conduction of water and minerals. The roots are ... grow vertically upwards and help to get oxygen for respiration. These are known as pneumatophores.

What is modification of root? -Biology

Description : What is modification of root? -Biology

Last Answer : Root Modifications. ... In some plants, the roots change their shape and get modified to absorb and transport water and minerals from the soil to different parts of the plant. They ... , food storage, and respiration. The root modifications perform two major functions- Physiological and Mechanical.

What type of modification of root is found in the Turnip? -Biology

Description : What type of modification of root is found in the Turnip? -Biology

Last Answer : Sometimes, roots are modified to serve some functions other than its main function of providing anchorage and absorption of water and minerals. Turnip: The tap root in turnip is modified for food storage.

What type of modification of root is found in the Mangrove trees? -Biology

Description : What type of modification of root is found in the Mangrove trees? -Biology

Last Answer : The roots of mangrove plants grow vertically upwards from the soil for the absorption of oxygen from the atmosphere as the soil is poorly aerated. These types of roots are called as pneumatophores.

What is modification of root? -Biology

Description : What is modification of root? -Biology

Last Answer : answer: