Posted on: 01st Oct, 2010 12:12 pm
hi i have two loans my first loan fron saxon didn't ask for loan modification fee. In my second loan they'te asking me to pay loan mod. fee, P&I payment and cash contribution which will cost me $ 615.17.
Lenders cannot charge you an upfront fee for giving a loan modification. You should ask your second lender to not charge you the fees for modifying the loan unless they give you a permanent modification.