Wells Fargo Refinance Mortgage Rates – Unemployment Help
Posted on | September 23, 2009 | 1 Comment
Wells Fargo refinance mortgage rates have been stable around 5% for the entire month of September. With mortgage rates so low is there any way to get unemployment help by refinancing at such low mortgage interest rates? This is a question that many people are asking as the unemployment rate continues to rise. Most major banks are trying to find a way to help the unemployed but it is hard when borrowers are not capable of showing a proof of income.
Having a proof of income makes it much easier for major mortgage lenders to justify giving you a mortgage. If you have no way of proving that you make money why are they to believe that you will actually pay your monthly mortgage payment? Better yet, how are you going to make your monthly mortgage payment? If you are unemployed there is not much that you can show mortgage lenders to make them believe that you are going to be able to make payments.
If you have been a good borrower in the past and you have fallen on tough time there may be some options for you. Accessing the Making Home Affordable website and seeing what they have to offer you can go a long way into saving your home and getting a better mortgage rate. Not everyone will qualify for the programs offering under Making Home Affordable but you will never know until you actually do the research.
The website is extremely extensive so please put aside some type to sit and go through the site. You could dig deep into this site for hours and not get a tenth of the information it has to offer. If you actually want to speak to a representative about the program feel free to call a HUD official. These services through HUD are free but that means it might take you a little bit of extra time to get in touch with someone.
Wells Fargo might be able to help you out if you are unemployed. To find out you will need to do research on the current government programs created to help keep home owners in their homes. President Obama is doing everything in his power to help you avoid foreclosure so it is your responsibility to get out there and do the necessary research to lower your mortgage payment so you can keep your home.
Please make sure to return to Subprime Blogger for all your mortgage and financial news. To stay up to date on the current state of finances make sure to bookmark the current news category below. We offer information on everything from getting a lower mortgage rate to increasing your credit score.
Author: Jeremy North
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One Response to “Wells Fargo Refinance Mortgage Rates – Unemployment Help”
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September 24th, 2009 @ 7:13 pm
Wells Fargo has a growing list of problems.
Visit — HurtingHomeOwners com