need answer quick about naca & HAM mod - Loan Modification Forum

TRACYV · 07-28-2009, 04:18 PM

Sent an e-mail to Citi homeowner help. Someone just called me and said that since I am already enrolled in the HAM program (which I can't afford) that going through a non-profit like NACA won't matter at all and that nothing will change. My second payment is due 8/1 and NACA is in my city this weekend, should I try to have them help me or is it a waste of time? Their information mentions "net pay" versus "gross pay". The HAM is based on gross pay and our interest is 9.7, our payment only went from $2941 to $2765, not really helping us, considering ccards etc.

Moe Bedard · 07-28-2009, 04:45 PM

I would definitely have NACA try and get you a better rate. I think you rate is high.

SillyWorld · 07-28-2009, 05:45 PM

I agree, make sure you take all your info that you had yo fax in before and all updated info, NACA caN DO IT ON THE SPOT IF YOU HAVE all the updated info...And yes your INT is to high, normal going rate is max of 5.5 and lower, beware of Citi they say anything to blow you off, they want ya to take what they offer an no complaints...

But then again if you are at your 31% of Gross on the mortgage the CC will not count at all, only mortgages 1st and 2nd if appl

pdl1995 · 07-28-2009, 06:29 PM

sillyworld,
I am not very computer or text savy and I have googled CC and I can't find a meaning. I am at well below 31% and this company is also in my city this weekend. Should I also contact them even though I have received my mod papers? Any help is great help! TIA...I do know that acronym!

Elora123 · 07-28-2009, 08:10 PM

I think CC is credit cards. Hope that helps! Go with NACA, that rate from Citi is just their way of throwing you a bone!

SillyWorld · 07-29-2009, 01:20 PM

Yes CC means Credit cards, but if your loan is far less then 31% of your GROSS than if you had medical or other hardship there is better help, If you feel you need better help than I would go to NACA and see what can be done

SillyWorld · 07-29-2009, 01:25 PM

Yes CC means Credit cards, but if your loan is far less then 31% of your GROSS than if you had medical or other hardship there is better help, If you feel you need better help than I would go to NACA and see what can be done

07-28-2009, 04:18 PM	#1 (permalink)
TRACYV Member Join Date: May 2009 Posts: 27 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	need answer quick about naca & HAM mod Sent an e-mail to Citi homeowner help. Someone just called me and said that since I am already enrolled in the HAM program (which I can't afford) that going through a non-profit like NACA won't matter at all and that nothing will change. My second payment is due 8/1 and NACA is in my city this weekend, should I try to have them help me or is it a waste of time? Their information mentions "net pay" versus "gross pay". The HAM is based on gross pay and our interest is 9.7, our payment only went from $2941 to $2765, not really helping us, considering ccards etc.

07-28-2009, 04:45 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: need answer quick about naca & HAM mod I would definitely have NACA try and get you a better rate. I think you rate is high. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

07-28-2009, 05:45 PM	#3 (permalink)
SillyWorld Senior Member Join Date: Apr 2009 Location: Central Pennsylvania Posts: 1,139 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: need answer quick about naca & HAM mod I agree, make sure you take all your info that you had yo fax in before and all updated info, NACA caN DO IT ON THE SPOT IF YOU HAVE all the updated info...And yes your INT is to high, normal going rate is max of 5.5 and lower, beware of Citi they say anything to blow you off, they want ya to take what they offer an no complaints... But then again if you are at your 31% of Gross on the mortgage the CC will not count at all, only mortgages 1st and 2nd if appl __________________ Central PA, USA Waiting NACA Approval With Citi ON FHA MORTGAGE 05/18/2009 Ginnie Mae investor Is NACA Becomming a SCAM..?

07-28-2009, 06:29 PM	#4 (permalink)
pdl1995 Junior Member Join Date: Jul 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: need answer quick about naca & HAM mod sillyworld, I am not very computer or text savy and I have googled CC and I can't find a meaning. I am at well below 31% and this company is also in my city this weekend. Should I also contact them even though I have received my mod papers? Any help is great help! TIA...I do know that acronym!

07-28-2009, 08:10 PM	#5 (permalink)
Elora123 Senior Member Join Date: Jun 2009 Posts: 66 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: need answer quick about naca & HAM mod I think CC is credit cards. Hope that helps! Go with NACA, that rate from Citi is just their way of throwing you a bone!

07-29-2009, 01:20 PM	#6 (permalink)
SillyWorld Senior Member Join Date: Apr 2009 Location: Central Pennsylvania Posts: 1,139 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: need answer quick about naca & HAM mod Yes CC means Credit cards, but if your loan is far less then 31% of your GROSS than if you had medical or other hardship there is better help, If you feel you need better help than I would go to NACA and see what can be done __________________ Central PA, USA Waiting NACA Approval With Citi ON FHA MORTGAGE 05/18/2009 Ginnie Mae investor Is NACA Becomming a SCAM..?

07-29-2009, 01:25 PM	#7 (permalink)
SillyWorld Senior Member Join Date: Apr 2009 Location: Central Pennsylvania Posts: 1,139 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: need answer quick about naca & HAM mod Yes CC means Credit cards, but if your loan is far less then 31% of your GROSS than if you had medical or other hardship there is better help, If you feel you need better help than I would go to NACA and see what can be done __________________ Central PA, USA Waiting NACA Approval With Citi ON FHA MORTGAGE 05/18/2009 Ginnie Mae investor Is NACA Becomming a SCAM..?

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode