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When a lender offer a try out for modification for 3month will the payment go down when the modirication finalice?

Posted on: 20th Aug, 2011 10:21 am
Thsy ofer us with a 3month tryal period but I think the payment is to high. 1422.00.
Welcome o4ram,

You may negotiate with the lender so that he reduces the re-payment amount which will make it easier for you to pay off the mortgage. However, it will be the discretion of the lender whether or not he will reduce the amount.
Posted on: 21st Aug, 2011 07:26 pm
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