Should have no effect on your credit report or your score.
Merely states that the terms where changed.
As long as there are no late pays on your history you are fine. If there are late pays on your history then those are what will have a negative effect.
And there effect could be lessoned if the bank
Continue reading Does A Note Modification Of My Mortgage Loan Negatively Affect My Credit Report?
Hi,
I owe 171k on a home worth 145k my APR is 9.75%. I am not late at this point but struggling to make ends meet. I already tried to do a refinance but i would have to bring at least 30k to the table. Top it off i lost
Continue reading Would I Qualify For A Loan Modification, Cant Refinance?
If our monthly mortgage payment is reduced through the home affordable modification program, does the difference from the new “modified” payment and our old higher payment get added to the total balance of the loan? So will we end up owing more on our house than originally? If our payment goes down $500
Continue reading Modification Loan Question?
What is better, that I contact the lender myself or to hire a lawyer, how can I make sure I get the best deal, doing myself or with a lawyer, any advise??
Just curious if anyone has actually been able to speak to a real person at their Mortgage lender and been successful in completing a loan modification under this new plan. Our loan is serviced by Citi and I never get to speak to an actual person.
tried once before and defaulted…offered full amount 1 day late…they said no. Have 40% equity in the house but bad credit…any suggestions before they sell property from under me?
my bank uses income from a rental I own as income even though it all goes to expenses and I am $800 a year negative…They don’t consider the expenses, just the income. this disqualifies me for a modification loan..Does anybody know how to resolve this?
I’d like to modify the terms of my loan but am having a difficult time deciding whether I should pursue this challenge myself or use the services of a loan modification company/agent. I’d like feed back from those who have/haven’t been successful at modifying their loans. Also, if you feel I should use the
Continue reading Is It Better To Deal Directly W/ur Lender Or Use The Services Of A Agent/company For A Loan Modification?
Been out of work for a 4 months, still have savings for another 6 months. I am wondering if anyone has all ready tried to qualify for a loan modification. Not under Freddy Mac or
Continue reading Has Anyone Done A Mortgage Lone Modification? Do You Have To Be Employed To Qualify?