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MrMaxwell · 01-19-2013, 11:41 PM

Does a military widow qualify for any special home loans?

My grandmother has herself in a mortgage at 9% (she's had it for about five years) and I'd like to get her payments down but she has several unpaid lines (CC and personal loans) from 3-4 years years ago.. Her FICOs are 520 / 578 / 589. She only gets $800/mo from social security retirement benefits and $649/mo from her pension plan and her house payment is $594!! It was a PI loan but they got her to open an "escrow account" and now apparently it's a PITI loan (Her payment use to be $384+-) ......

I don't want to do a billion inquiries and I've tried lending tree and her current lender.. She went through a long drawn out "loan modification" a couple of years ago which was a disgustingly long and ridiculous process where they ended up giving her a QUARTER point discount. That makes me sick. They get a trillion zillion dollar bailout and they can't do better than a quarter? Please. She was never in foreclosure, so apparently they can tell her to go fuck herself, I guess?

I've tried submitting a couple of apps to lending tree (which as I understand it supposedly does ONE inquiry and then passes it on to multiple lenders) and talking to Wells Fargo (her current mortgage maker) and gotten nowhere.

My grandfather was in the service for a long long time and she has already been screwed over by social security paying her a low retirement benefit.. Now the bank gets a bailout using money that should have gone to repay social security if anything and they can't slide her a little discount? My ass, it's infuriating.

It would really help me to get her payments down because sending her money when she runs out SUCKS. I don't make a-lot. Plus, she would feel A-LOT better about being able to take care of everything without help - she's a genuinely good person who would kill herself to help someone... and just about has. She is the only member of my family who hasn't taken FROM me.. so I'd really like to help her.

01-19-2013, 11:41 PM
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	Any ideas for lowering an old persons mortgage payment? Does a military widow qualify for any special home loans? My grandmother has herself in a mortgage at 9% (she's had it for about five years) and I'd like to get her payments down but she has several unpaid lines (CC and personal loans) from 3-4 years years ago.. Her FICOs are 520 / 578 / 589. She only gets $800/mo from social security retirement benefits and $649/mo from her pension plan and her house payment is $594!! It was a PI loan but they got her to open an "escrow account" and now apparently it's a PITI loan (Her payment use to be $384+-) ...... I don't want to do a billion inquiries and I've tried lending tree and her current lender.. She went through a long drawn out "loan modification" a couple of years ago which was a disgustingly long and ridiculous process where they ended up giving her a QUARTER point discount. That makes me sick. They get a trillion zillion dollar bailout and they can't do better than a quarter? Please. She was never in foreclosure, so apparently they can tell her to go fuck herself, I guess? I've tried submitting a couple of apps to lending tree (which as I understand it supposedly does ONE inquiry and then passes it on to multiple lenders) and talking to Wells Fargo (her current mortgage maker) and gotten nowhere. My grandfather was in the service for a long long time and she has already been screwed over by social security paying her a low retirement benefit.. Now the bank gets a bailout using money that should have gone to repay social security if anything and they can't slide her a little discount? My ass, it's infuriating. It would really help me to get her payments down because sending her money when she runs out SUCKS. I don't make a-lot. Plus, she would feel A-LOT better about being able to take care of everything without help - she's a genuinely good person who would kill herself to help someone... and just about has. She is the only member of my family who hasn't taken FROM me.. so I'd really like to help her.