Real Estate Home Mortgages/transfer of mortgage
I am 62 and have 4 yrs. left on my mortgage.(originally 15 yrs.) It has been transferred a couple of times in that time now it has been transferred to ocwen which I have seen nothing but bad things. I have never been late with payments and I have taxes and ins. in escrow.I just got the notice today. I have read horror stories about this company and I have excellent credit. I don't want it harmed I am trying to make it to retirement. what are my options owe 30.000 on an 80.000 $ house. I may be too paranoid ?? any advice? thanks. maybe a reverse mortgage?? I don't know
my experience with Ocwen has been less than stellar; however, I would not think you would have a problem; I would hate to see you refinance your home with only 30,000 left as the balance. Reverse mortgages can make sense; but please check with a financial advisor before choosing that path as it has an impact on your relatives later.
IF you would like to explore refinance options please contact your local bank or contact me direct.
Thank you for your inquiry.
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This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here