Posted on: 02nd Apr, 2009 10:54 am
Has anyone gotten a principle reduction from GMAC? Through short re-finance, or H4H program, or loan modification?
Hi
I haven't dealt with GMAC. But a principal reduction does sound good. It means you do not have to pay the whole of the loan balance, you need to pay only the reduced loan amount and that too through a modified affordable repayment plan. Sounds like a good deal.
I haven't dealt with GMAC. But a principal reduction does sound good. It means you do not have to pay the whole of the loan balance, you need to pay only the reduced loan amount and that too through a modified affordable repayment plan. Sounds like a good deal.