Current: 2135/mo 358900 due during the 5% Offer: 1500/mo 220000 harmony in the dos% they claim it provides the borrowed funds latest

I happened to be wondering in the event that a two% rate of interest remains accessible to us. Our B of A was actually ended up selling to help you Ocwen in the cuatro.5. I became called by You.S. Court group just who reported that I instantly eligible for the two% interest. So is this true?

Not sure who’s in reality dealing with improvement. Constantly best that you veterinarian the business you to definitely contacts you (and when they called your) to be certain it’s genuine.

We acquired new B out of A give! ..really does which means that this isn’t an alternative 31 season loan? it will be towards the leftover twenty two several years of all of our most recent mortgage?

Undecided, I haven’t viewed one among them even offers, I’ve simply understood regarding system. If it is a 30-season mortgage which have an equilibrium of $220k within 2%, that’d end up being $813 30 days to have prominent and you may attention repayments. So $step one,500 a month seems like a smaller label perhaps together with taxes and you may insurance policies? Best to ask them and read the records/offer.

Colin, We have a keen FHA loan as well as have made an effort to modify several minutes even so they could not beat dominant. This will be definitely an educated terms we have seen. I do have to concur written down to help you a cancellation off brand new FHA insurance towards the financing. However whenever we usually do not up coming which render is cancelled. Uncertain what things to make of you to…any understanding?

As well as, whenever we make the step three demonstration costs was i protected the new the newest mortgage?

I am unable to understand the bring therefore i are unable to give you advice. Essentially reducing mortgage insurance might be a good thing because it manage reduce the percentage even more.

Hi Colin, My personal dos% Bank away from The united states altered mortgage might have been marketed so you can Actually ever home Home loan while the this past year. Now Actually ever home mortgage altering rate of interest to three% and you may of 2017 to3.5%. Can they do this https://elitecashadvance.com/installment-loans-in/richmond/ ?

We performed find some communication regarding Bank of new York, I do believe Mellon

Bof A thought all of us when you look at the The month of january we were qualified to receive good DOJ Mod. We applied. It provided 2.% and you may good set aside out-of 120K on the an effective 650K mention til the underlying number is actually paid down. And step 3 trial repayments, an excellent til paid-in 23 many years.. Generated about three trial costs. They marketed it so you’re able to Quality and you can Quality told you we’d to initiate more than with a brand new Mod app The audience is about processes with a brand new mod appl that have Quality.. Caliber says their mod give will only be good five years, following becomes high priced once again, what claim carry out we have against any deceptive habit with b regarding a great?

We were offered a destination Only repaired rates mortgage into the 2005 which we don’t sign up for. It actually was positively bait and you will key and in addition we are still attacking having BOA. I’m looking for which they ended up selling the loan to/securitized proprietor, etcetera. just like the projects in the registry out-of deeds are robosigned. Some body have any luck finding out throughout 2005-2007 blitz/hustle how-to tune in which they offered your loan so you’re able to?

There isn’t one piece of paper it is indeed there good means I’m able to contact BoNY and watch info from them?

Colin, published you an excellent lengthly state seeking their view on exactly how to procede it didn’t post.here…….. too large? Are you willing to send me personally an e-post and that i usually duplicate and insert for you Sincerely, Fred King

Sure it actually was long, and also you attempted to post it 5+ moments. I don’t have people tips besides perhaps contacting companies including the CFPB so you can whine concerning people in question if you feel you’ve been wronged.