My credit is good. I have never been late on my mortgage. It is an ARM. I
My credit is good. I have never been late on my mortgage. It is an ARM. I
My credit is good. I have never been late on my mortgage. It is an ARM. I want out asap! It keeps adjusting and it's become more than I can pay.
Will my lender modify my existing loan to a fixed? Or is modifying a better option for me? The loan balance is approximately twice as much as the home would sell for in this market.
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Nobody could truly provide a yes or no answer to your question about whether the lender would modify. There's one surefire way to find out and that is to ask them. I assume you meant to say "Is refinancing a better option..." Of course, that's not a plausible avenue to go down, given your equity position.
george