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When a lender offer a try out for modification for 3month will the payment go down when the modirication finalice?

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o4ram Joined: 20 Aug 2011 Posts: 1 1.24 Dollars($)	Posted: Sat Aug 20, 2011 10:21 am    Post subject: When a lender offer a try out for modification for 3month wi Like 0 Dislike 0 Thsy ofer us with a 3month tryal period but I think the payment is to high. 1422.00.
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun Aug 21, 2011 7:26 pm    Post subject: Like 0 Dislike 0 Welcome o4ram, You may negotiate with the lender so that he reduces the re-payment amount which will make it easier for you to pay off the mortgage. However, it will be the discretion of the lender whether or not he will reduce the amount. _________________ Procrastination is the enemy of your financial success

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