I finally finished the lengthy NACA 10 steps and 2-hour phone appointment on Feb. 14 (Valentine's Day).
Very pleasant process for me and came up with the solution the same day... Now just waiting for NACAs supervisor's approval for submission to
CW....
NACAs proposal to
CW will be to combine both 1st and 2nd (HELOC) loans with 4% fixed rate for 30 years... ***- Is this possible?? Has anyone have a success combining 1st and 2nd loans through NACA? Any input would be appreciated....
I just got my 1st
CW loan mod fedex packege today (Feb. 16) for my 2nd loan... as I expected from what I've seen in this forum... the 1st offer is nothing but adding my 3 months behind mortgage into the loan raising my mortage from $880 to $1350.... that's $470 more a month... where's the logic in that? Can anyone explain me why would I want to pay $470 more a month for the rest of the loan being 3 months behind?
Oh boy I am really looking forward to what
CW will offer on my 1st loan now....
I am so glad I have NACA as my Plan B....
Anyone please give me some encouraging advice... I obviously must reject this first offer and ask (or beg) for a better offer...