Posted on: 05th Nov, 2009 06:55 pm
with the loan modification you have to start making payments to the mortgage company or not
Hi Mary,
You should start making payments only after you have gotten written documents from your lender regarding the modification of your loan. You should not pay any upfront fees because it does not guarantee your loan will be modified. Once the lender formally informs you about the modification and gives you details of the modified repayment plan, you can start making payments.
You should start making payments only after you have gotten written documents from your lender regarding the modification of your loan. You should not pay any upfront fees because it does not guarantee your loan will be modified. Once the lender formally informs you about the modification and gives you details of the modified repayment plan, you can start making payments.