Posted on: 12th Feb, 2009 10:52 pm
i need help getting my mortage payments on track before foreclosure...i have been close to losing my home for the past few years
i want to get it on track and keep it there and to bring my credit rating back up.
i want to get it on track and keep it there and to bring my credit rating back up.
Hi gsmith,
You can go for a loan modification if you are delinquent on your payments. But remember that in a loan modification your payments can increase but your interest rates may go down to some extent.
To know more about loan modification, check out the following link:
http://www.mortgagefit.com/know-how/loan-modification.html
Thanks.
You can go for a loan modification if you are delinquent on your payments. But remember that in a loan modification your payments can increase but your interest rates may go down to some extent.
To know more about loan modification, check out the following link:
http://www.mortgagefit.com/know-how/loan-modification.html
Thanks.
Gsmith,
Even if you are not behind on your payments you can get a loan modification. But address the reasons you are in this position in the 1st place. Did you buy more than you can afford? Did you lose income? If you got your loan modified either by a lower interest rate or payment would you still be suffering?
If you have any further questions, please feel free to email me. Best of luck!
Even if you are not behind on your payments you can get a loan modification. But address the reasons you are in this position in the 1st place. Did you buy more than you can afford? Did you lose income? If you got your loan modified either by a lower interest rate or payment would you still be suffering?
If you have any further questions, please feel free to email me. Best of luck!