Posted on: 01st Dec, 2009 01:01 pm
I want to do a loan modification to lower my interest rate in order to afford my mortgage payment. Right now I will be 2 moths late on payments. I have GMAC and Citi Mortgage. I also go though a 3rd party called NACA anuone have any success with them or know the end s and out of using a 3rd party or middle man to my present lenders
hi buyebay,
you will be able to negotiate with your lender yourself regarding a loan modification. you should write a hardship letter and apply for it. however, if you wish, you can definitely go through naca. lots of people have applied for refinance and modification with the help of naca. people have given a positive feedback regarding the help they received from them and they are quite trustworthy even. check out the page given below in order to check out what people have to say about them:
http://www.mortgagefit.com/companies/naca-refinance-2.html
take care.
you will be able to negotiate with your lender yourself regarding a loan modification. you should write a hardship letter and apply for it. however, if you wish, you can definitely go through naca. lots of people have applied for refinance and modification with the help of naca. people have given a positive feedback regarding the help they received from them and they are quite trustworthy even. check out the page given below in order to check out what people have to say about them:
http://www.mortgagefit.com/companies/naca-refinance-2.html
take care.
certainly, the lenders will review your documentation to see if you qualify for modification, and that typically does ramp down your rate, though it's not really a negotiation point for you. naca ought to be helpful in this process.
