Posted on: 19th Nov, 2010 08:46 am
HAVE A CASH OUT EXISTING LOAN AT 12.5 % AND CARRIER WELLSFARGO SAYS IN TEXAS CAN'T DO A LOAN MODIFICATION...BUT IT'S JUST ABUSIVE, PREDATORY. WE SIGNED AT 11 % AND ENDED AT 12.5 %. WHAT CAN I DO ?
Hi ccc_business,
Unless the lender agrees to give you a loan modification, you won't be able to get affordable rates to pay off the mortgage. In that case, you will have to sell off the property to pay off the loan.
Thanks
Unless the lender agrees to give you a loan modification, you won't be able to get affordable rates to pay off the mortgage. In that case, you will have to sell off the property to pay off the loan.
Thanks