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Company Loan Type APR Est. Pmt.

NACA

Posted on: 06th Aug, 2010 09:59 am
If I am current on my mortgage payments, can Naca still help me with a loan modifiction to lower my interest rate?
If you're current on your obligation, there isn't much motivation for a lender to provide a modification. Not only that, you simply won't qualify. Modifications are for those who are in default, or who are in imminent default. The lenders/servicers are swamped with those who so desperately need help, so those who don't need help are going to be quickly told "no."
Posted on: 07th Aug, 2010 08:33 am
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