Upside Down Mortgage

Loan Modifications On Your Own

Question: Should I refinance my loan or do loan modification?

Hi I bought a house in 2006 with at the price 312,000. right now I still own the bank 184,000 with 6.375% ARM 5/1 I paid 1000 for interest only payent. What should I do? Should I refinace it? or do the loan modification? Right now my wife is not woking, so it is quite hard for the financial. Please let me know where is the best place to do refinance Thank you for your help.

Answer: I think first of all you have to contact some mortgage lenders in your area......or at my point of view loan modification is the best option.

i know one online mortgage lender who provide both the refinance and loan modification services.http://www.iloanshop.com/loan_modification_stop_foreclosure.php I think you can try this here you can get the best result.

Good Luck......!

How to do a Loan Modification on your own - We can show you

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