Information on Mortgage Modification and Credit Impact

sunil87020 · Joined: 04 May 2009 Posts: 251 -0.05 Dollars($)

I have excellent credit and am six years into a 30 year fixed mortgage. I have never missed nor been late on my payments. I was recently laid off and decided to explore a workable solutions option that my motgage company was offering. They are offering me an option of reducing my payments by 20% given my payment history and my current financuial situation. I asked if thiswould affect me adversely from my credit rating standpoint. And they said it would only show that I was in a payment plan with my mortgage company. My question: Will this have any adverse affect on my credit score? I ask because I have worked very hard at keeping my credit at a top level and wouldn't want any help that would hurt me. Your response wuld be greatly appreciated.

eric1 · Posted: Tue Jun 16, 2009 8:21 pm Post subject:

Sunil,

We can no longer take you seriously. Your posts regarding your personal situation do not make any sense and they contradict one another. Here you say that you have excellent credit. However, this other post http://www.mortgagefit.com/predeal/about22301.html indicates that your score is near 520.

You also say that you are six years into your 30 yr loan when this other post http://www.mortgagefit.com/predeal/about23271.html says that you refinanced last year and you have poor credit.

Please stop wasting our time.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.77 Dollars($)

Good catch Eric

You could make out from his multiple posts that he was just wastign every ones time

eric1 · Posted: Wed Jun 17, 2009 5:45 pm Post subject:

Geni

Exactly !! guys like that come and go around here.

sunil87020 · Joined: 04 May 2009 Posts: 251 -0.05 Dollars($)

It may be situation occured about my friend, I am refering as my situation thats all.
I am here to get more knowledge in different scinario so i am asking such queries which my friends discuss with me. Through this forum i am guiding them properly.
I will thanks forum for simplifying some tedious quries of my friends though i reffer those queries as mine, Not want to mension their identity.

eric1 · Posted: Thu Jun 18, 2009 5:49 pm Post subject:

Sunil,

Nobody has this many mortgage questions. You have over 250 posts in 6 weeks.

Why dont you tell your friends about MortgageFit and they can come here and ask the questions themselves?

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.77 Dollars($)

eric1

Good suggestion

Good luck every one

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