Upside Down Mortgage

Loan Modification Credit Report

Question: Will a loan modification, on my 1st mortgage, effect credit bureau?

I am applying for a loan modification. If I decide later to sell my home, will this loan modification effect my credit report, so I am unable to purchase a new home?

Answer: As long as your credit is not terrible already from missing mortgage payments, A loan modification will usually not affect your credit score as long as you stay current.

Important things to know before you get Trade Lines on Credit Report! 25-75 Points!

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