Mortgage Forum
step rate loan mod
This is a topic titled step rate loan mod made in the Credit Problems section, belongs to our Mortgage Chat category; Does anyone have an example of a loan mod with a step rate change in it? Stepping the rate every year for 3 years back to the original terms?...
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| Members List | Search | Today's Posts | Mark Read |
May 27th, 2008, 03:04 PM
| #1 |
| Senior Member Registered: Apr 2008
Posts: 1,497
|  step rate loan mod Does anyone have an example of a loan mod with a step rate change in it? Stepping the rate every year for 3 years back to the original terms? |
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May 31st, 2008, 07:27 AM
| #2 |
| Junior Member Registered: May 2008
Posts: 6
| I have seen different variations to it from some smaller banks and lenders, I ussually recommend rejecting that type of mod and trying for a short refinance! |
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| Topic | Started By | Category | Replies | Last Post |
| can I have a loan modification if I already have fixed rate? | Mike | Credit Problems | 1 | May 31st, 2008 07:31 AM |
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| COSI Loan-A type of ARM based on cosi index rate | Mike | Mortgage Talk | 0 | May 10th, 2008 01:41 AM |
| How to Refinance With The Lowest Mortgage Rate | cycberzul | Mortgage Marketing | 1 | May 4th, 2008 09:01 PM |
| how to lower interest rate | Mike | Home Mortgage | 0 | April 15th, 2008 03:42 AM |
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