Can I get my principal balance lowered?

dianesummers · Joined: 05 Feb 2009 Posts: 1 1.28 Dollars($)

I need to lower the principal balance of my loan. What can I do to get that done?

Caron · Posted: Thu Feb 05, 2009 5:32 am Post subject:

Hi dianesummers,

Welcome to our forums.

You need to contact your lender and request for principal reduction. You'll have to be a good negotiator. Explain your situation clearly stating why you're asking for a reduction.

There are companies who've been participating in the principal reduction program (as per Democratic House Bill) allowed by the Federal Reserve. You need to find out if your lender allows such a reduction.

Good luck

eric1 · Posted: Thu Feb 05, 2009 5:25 pm Post subject:

Unless you are in danger of losing your home AND your home value is lower than the outstanding balance on your loan, you have little to no chance of getting your balance reduced.

Guest

Hello, did you know that there is program that just came out that could reduce your pricipal, and refinance your house into a 30 year fixed at 6.25%? This is not a Loan modification! All Credit Qualifies, as long as you have a job you can reduce your principal.

Are you frustrated with values plummeting in your area?

Do you wish you could make that negative equity of $50,000 - $200,000 just disappear?

Has every Loan modification company in town told you that Principal Reduction is impossible?

What is it worth to you to have your Principal Balance Reduced to current market value?

We are the only company in the industry that has discovered the secret to Principal Reduction!

Please leave a detailed message as I do take a lot of calls for this program.

Simply call for a free Consultation: 480-245-0105 or 602-774-2126

Or Send me an e-mail to Rudy@infinitidebtsolutions.net

Please only serious inquires, we are trying to help out as many homeowners as possible.

Wasting time = Homeowners losing their homes.

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