Posted on: 14th Jun, 2010 02:20 pm
I am trying to get into FHA SYSTEM to modify my payments as my interest is 7% and my income has gone don I cannot afford to pay any more what are the options for me
Hi bishara!
Welcome to forums!
You should contact your present lender and apply for a mortgage modification. If you are already delinquent on your mortgage payments, then there are high chances that you will qualify for the loan modification. This will help you in reducing your mortgage payments but your loan term will get extended.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You should contact your present lender and apply for a mortgage modification. If you are already delinquent on your mortgage payments, then there are high chances that you will qualify for the loan modification. This will help you in reducing your mortgage payments but your loan term will get extended.
Feel free to ask if you've further queries.
Sussane