Upside Down Mortgage

Posts Tagged ‘re modify mortgage loan’

Modify Mortgage

Question: What is the best way to get a mortgage loan modified?

I am barely able to pay the minimum payment( I have
a negative amortization loan) My credit is bad. Is it
better to try to get a modification when we start earning more money? My property is worth less than what I owe.

Answer: Talk to your lender. With all of the mortgage problems in the nation, lenders are under pressure to fend off defaults. They may be willing to amend your mortgage rather than suffer another default.

I Have a Fixed Rate Now Can I Modify My Mortgage

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