refinance mortgage rates wells fargo
What does Wells Fargo looking for when it is determined whether they will change my mortgage ARM loan?
I have an ARM mortgage with Wells Fargo and my Rate is the adjustment to 1.25 points at the beginning of next year. When I bought my house, I got 100% financing, but with declining market values have I am not enough equity to qualify for a refinance at this time. I called Wells Fargo and they said I could qualify for a mortgage modification. They said to call back with all of my income and the monthly cost information (including everything from food to insurance to child care, etc). My Question is, they want to see that I can or not afford this mortgage? I want every last cost them look so, how do we get through with little or I have to report the bare minimum, so that it shows that we are creditworthy and do not default? I have excellent credit and never late, I really can not afford a higher Mortgage payment. What they agree on the lookout for a change? Any experience or suggestions?
Are you looking to see if you are on the new mortgage qualify. Over time, as they are, I am sure they will be all we can to help you. Good Luck.
