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Susan Shaw · 05-06-2008, 10:57 AM

Hi All,
I am trying to work with CountryWide to save my home. I bought my home in 2002 with $20,000 from my first home and $40,000 or my mother’s money. I have refinanced several times. I started a therapeutic riding program on the property and am currently making $40,000. I have doubled my income in 6 years and forsee doubling again as we will be hosting the local YMCA horse camp next summer along with constant growth. I have been a single parent throughout my life raising two children. I only wish a chance to make this work or sell in a better market so everyone doesn’t lose.

When I got my current loan with Countrywide I was told that the PMI could come off in a year when the values rose (at the time they were rising). This hasn't held true. I want to work this out with Countrywide. Using an online loan calculator it looks like I can afford a 40 year loan at 2% along with losing the PMI. . I would like to present that offer to countrywide for at least two years. If I can’t afford regular payments at the end of that time I wish the opportunity to sell in a better market so everyone can get their money back. I hope this is feasible input please. Thanks in advance for the help Loansafe

05-06-2008, 10:57 AM	#1 (permalink)
Susan Shaw Junior Member Join Date: May 2008 Posts: 1 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Dealing with CountryWide Hi All, I am trying to work with CountryWide to save my home. I bought my home in 2002 with $20,000 from my first home and $40,000 or my mother’s money. I have refinanced several times. I started a therapeutic riding program on the property and am currently making $40,000. I have doubled my income in 6 years and forsee doubling again as we will be hosting the local YMCA horse camp next summer along with constant growth. I have been a single parent throughout my life raising two children. I only wish a chance to make this work or sell in a better market so everyone doesn’t lose. When I got my current loan with Countrywide I was told that the PMI could come off in a year when the values rose (at the time they were rising). This hasn't held true. I want to work this out with Countrywide. Using an online loan calculator it looks like I can afford a 40 year loan at 2% along with losing the PMI. . I would like to present that offer to countrywide for at least two years. If I can’t afford regular payments at the end of that time I wish the opportunity to sell in a better market so everyone can get their money back. I hope this is feasible input please. Thanks in advance for the help Loansafe