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

credit

Author Message
jpalomares

Guest







Post Posted: Wed Oct 28, 2009 6:51 am    Post subject: credit
Like 0
Dislike 0

I'm currently in the process for a loan mod and have missed this months payment. how lond would it take for this missed payment to appear on my credit. Also, would a loan mod appeared on the credit right away? Please help
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile gunzijjistaff
gunz.ijjistaff




Joined: 07 Apr 2009

Posts: 712

4.51 Dollars($)
Post Posted: Wed Oct 28, 2009 8:04 am    Post subject:
Like 0
Dislike 0

Thanks

No, loan modification will not appered on your credit report but Late payment of this month will appear on your credit report in next credit report updates.

Thanks.
gunz.ijjistaff
Icon Mini Profile jpalomares4





Joined: 15 Sep 2009

Posts: 12

4.35 Dollars($)
Post Posted: Wed Oct 28, 2009 8:21 am    Post subject: credit
Like 0
Dislike 0

how often do they do credit report updates? thanks
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12346
Location: bloomfield, ct
53.01 Dollars($)
Post Posted: Wed Oct 28, 2009 8:30 am    Post subject:
Like 0
Dislike 0

creditors will typically report all accounts on a monthly basis.
_________________
George M. Akerley
Independent Contractor - Mortgage Consultant
Word of Excellence Editing/Writing/Proofreading
860-221-5044
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 21.068 seconds.