World's Largest Mortgage Community

modification

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
joyfaithmitchell Joined: 02 Nov 2009 Posts: 1 1.24 Dollars($)	Posted: Mon Nov 02, 2009 3:23 pm    Post subject: modification will a loan modification hurt my credit and chances of getting a new mortgage I have 700 credit now
Niicss Joined: 03 Oct 2005 Posts: 2620 Location: New Jersey 409.63 Dollars($)	Posted: Tue Nov 03, 2009 1:58 am    Post subject: A loan modification does not hurt your credit. However, if you have defaulted the loan for around 3 months and have then applied for a loan modification, then it would definitely hurt your credit. This is because the lender would inform the credit bureaus about your late payments. _________________ Good is the Enemy of Great.

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0