Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

you have to make payment when starting the loan modification

Author Message
Icon Mini Profile mary





Joined: 05 Nov 2009

Posts: 1

1.24 Dollars($)
Post Posted: Thu Nov 05, 2009 7:55 pm    Post subject: you have to make payment when starting the loan modification
Like 0
Dislike 0

with the loan modification you have to start making payments to the mortgage company or not
Icon Mini Profile jenkin7
jenkin7




Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
728.43 Dollars($)
Post Posted: Thu Nov 05, 2009 10:42 pm    Post subject:
Like 0
Dislike 0

Hi Mary,

You should start making payments only after you have gotten written documents from your lender regarding the modification of your loan. You should not pay any upfront fees because it does not guarantee your loan will be modified. Once the lender formally informs you about the modification and gives you details of the modified repayment plan, you can start making payments.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.054 seconds.