Loan Modification Forum - LoanSafe.org - View Single Post

kingyao · 03-10-2009, 08:45 AM

I am 3 years into a 30 year loan with a rate of 6.625%. Countrywide constantly sends me advertisements to refi and lower my rate. When I call them and I give them my info, they tell me that I am not even close to being able to qualify. When I originally did my loan it was no-doc since I am self employed, they told me there is no way I would ever qualify for that same loan today. Is there anyway for me to modify my loan and reduce my rate??

03-10-2009, 08:45 AM	#1 (permalink)
kingyao Junior Member Join Date: Mar 2009 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Modify Loan? I am 3 years into a 30 year loan with a rate of 6.625%. Countrywide constantly sends me advertisements to refi and lower my rate. When I call them and I give them my info, they tell me that I am not even close to being able to qualify. When I originally did my loan it was no-doc since I am self employed, they told me there is no way I would ever qualify for that same loan today. Is there anyway for me to modify my loan and reduce my rate??