A very funny commercial for Washington Mutual Home Loans.
http://thegreatcurve.com Washington Mutual Advertisement
In his role as a loan officer, Bangasser assisted borrowers, along with other conspirators working in conjunction with the borrowers, in submitting false loan documents to WAMU to secure mortgages on residential homes. The conspirators with whom ... Former Washington Mutual Loan Officer Sentenced to Over a Year for Mortgage ...
Obama and the government have created loan modification programs for all homeowners who are struggling due to hardships and not able to pay their mortgage payments to lenders. Washington Mutual (Wamu) understands this dilemma that homeowners are facing and have decided to help their existing homeowners by applying the features of the program started by Obama. Wamu is now able to provide loan modifications to prevent homes from going into foreclosure.
At one time loan modifications were difficult to get through Wamu, but now they are more accessible with Obama's new program. It used to be almost impossible to get this type of loan, even with an attorney. But, today both Wamu and borrowers are trying to stay away from foreclosures, so new options are becoming available all the time.
One should know that any type of Wamu mortgage loan can receive modification.
This does include fixed rate and adjustable mortgages. It is also now possible to get a modification right before or as soon as an adjustable rate is getting ready to adjust. Receiving a Wamu loan modification while a home is currently undergoing the foreclosure process is even now possible. No matter what kind of situation a homeowner is facing, there is a loan modification program at Wamu for them.4 steps to the Washing Mutual loan modification:
1. Homeowner contacts Washington Mutual.
2. A home evaluation is conducted over the phone between bank agent and homeowner.
3. The net cost if calculated minus the repairs.
4. The cost-set is restructured while the homeowner's payment goal is kept in mind.
Benefits of Washington Mutual loan modification:
1. The lowering of the principal.
2.
3. An extended time period to make mortgage payments.
The loan modification process will begin with a discussion over the phone between the home owner and the bank agent. The bank agent will begin by determine the value of the home. When contacting the agent, it is important to have all the needed documents ready and available, including income, tax returns, hardship letter and financial statements.
Recommend Obama's Wamu Loan Modification Plan - Homeowners Benefits of Obama's Stimulus Package Issues
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