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payments

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jpalomares4 Joined: 15 Sep 2009 Posts: 6 2.55 Dollars($)	Posted: Wed Nov 04, 2009 11:04 am    Post subject: payments I have a loan of 158,000 that's currently in the process of being modified. If it goes through, does anyone have an idea of what my payments would be? the interest rate currently is 4-5% which is 3-4 point lower then what i currenlty have. thanks
savior70 Joined: 25 Mar 2009 Posts: 1422 Location: Florida 168.75 Dollars($)	Posted: Thu Nov 05, 2009 6:47 am    Post subject: Hi, It's completely up to your lender how he will modify your loan. He may extend the term of the loan or may reduce the interest rate. It is hard to say how much reduction there will be in your monthly mortgage payments. But it is good to know that you've been approved for a loan modification and I believe something positive surely will come out of it.

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