Posts Tagged ‘accept

Should I accept this loan modification offer my attorney negotiated for me for my current mortgage?

Wednesday, January 20th, 2010

2 months deferred mortgage payments
4.0% rate, fully amortized, fixed, for 5 years
5.0% rate after the first 5 years, for the remainder of the loan
40 year term
no prepayment penalty

my current loan is FHA 6.5% 30 year fixed

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