Posted on: 12th Sep, 2010 07:50 pm
I have been given ab offer from my loan company for a modifacation also a fixed rate ballon modifation the offer looks good but I need to understand the offer on the table
Hi williamds,
As far as I can understand, modified mortgage maturity date is the date on which your mortgage will mature after you receive the modification. In my opinion, the fixed rate balloon modification will mean that your mortgage has been modified under fixed rate.
As far as I can understand, modified mortgage maturity date is the date on which your mortgage will mature after you receive the modification. In my opinion, the fixed rate balloon modification will mean that your mortgage has been modified under fixed rate.