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Company Loan Type APR Est. Pmt.

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.


Anonymous's picture
Anonymous (not verified)
29-06-2011

2 Answers
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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

gmakerley | Asked on 2011-09-20


1
I already answered this one.

gmakerley | Asked on 2011-09-20

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