Mortgage Forum
loan remodification - credit union
This is a topic titled loan remodification - credit union made in the Credit Problems section, belongs to our Mortgage Chat category; The only reason I was requesting a loan remodification with my mortgage lender(credit union) was due to my house value becoming upside down. I have a 5 yr(reset ...
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| Members List | Search | Today's Posts | Mark Read |
October 6th, 2008, 02:32 PM
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| Senior Member Registered: Apr 2008
Posts: 1,497
|  loan remodification - credit union The only reason I was requesting a loan remodification with my mortgage lender(credit union) was due to my house value becoming upside down. I have a 5 yr(reset in mid 2010) fixed at 5.125% for 540K(original 580K) along with PMI. The house is now worth 400K or less. There are no changes to our income. But I was turned down saying the interest rate is good. I am current with respect to my payments and would like to keep the house.I would like to check with anyone here, if they were able to do a loan remodificationsolely based on the property value going down, with no changes to your income. |
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