X

What's coming up next year for mortgage rates... the Fed... housing markets... home prices? See HSH's 2022 Outlook for our expectations!

What's coming up next year for mortgage rates... the Fed... housing markets... home prices? See HSH's 2022 Outlook for our expectations!

Is a Shared-Appreciation Modification really a good deal?

Q: What should we really consider when trying to determine if the (SAM) Shared Appreciation Modification would be a fit for us? We are currently in foreclosure did not qualify for the HAMP but have been offered the SAM.

A: It's hard to say how valuable the SAM might be for you. The answer depends upon how much potential appreciation you will need to give up, the new interest rate on the modified loan, whether you will be responsible for any shortfall in the investor's expected return, any fees which might be included and other factors. If you have no other options and you wish to save your home, this might be an avenue to explore, but you'll want to make certain that it provides an actual, permanent solution rather than a short-term one.

Ask the expert
Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
Submitting your question...

Question received! Check back later to see if your
question gets published.

Q: What loan amount does a mortgage need to be for it to be considered a Jumbo Loan?
JAN 03, 2022
A:

This question used to have a simple answer, since there was a "bright line" definition -- the conforming loan limit....

Read More
Q: What is the cost of getting a mortgage loan?
NOV 11, 2021
A:

 Costs and fees can vary depending upon lender policies and certain of the choices you make when you get your loan...

Read More
Q: What is the down payment required to get a mortgage these days?
NOV 03, 2021
A:

A: While some 100% financing may be available...

Read More
Add to Homescreen?
X
X
Install this web app on your phone :tap and then Add to homescreen