mortgage modification: Don't Stop Making Your Mortgage Payments
- 06/15/09 02:16 AM
I heard a story over the weekend that is becoming more and more common. People hear on TV or read on the internet that they should call their current mortgage lender to have their mortgage modified. A modification may be to have their interest lowered to current rates, lengthen the term of their mortgage in order to lower their payments, or fix their interest rate if they currently have an adjustable rate mortgage. So, the customer calls their lender and gets a customer service rep who says that they can't even consider modifying their loan because they are not currently delinquent. … (0 comments)
My blogs will contain mortgage-related information, based on my experience, that will hopefully be helpful to anyone looking to purchase a new home or refinance their existing mortgage.
I heard a story over the weekend that is becoming more and more common. People hear on TV or read on the internet that they should call their current mortgage lender to have their mortgage modified. A modification may be to have their interest lowered to current rates, lengthen the term of their mortgage in order to lower their payments, or fix their interest rate if they currently have an adjustable rate mortgage.
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