june asked:
we bought our first home in PA, instead of having a traditional home loan of fixed rate for 15%, we took out a loan called HOME EQUITY, 15 years fixed at 5.74%. the monthly payment is $1365 (principle & interest only).
We pay property tax & home owner insurance separately; it is $306 per month. Only my husband works, his monthly paycheck is about $3200 before taxes.
we bought our first home in PA, instead of having a traditional home loan of fixed rate for 15%, we took out a loan called HOME EQUITY, 15 years fixed at 5.74%. the monthly payment is $1365 (principle & interest only).
We pay property tax & home owner insurance separately; it is $306 per month. Only my husband works, his monthly paycheck is about $3200 before taxes.
As of now, our loan payment plus property tax & home owner insurance total is $1671 per month.
Are we qualify for loan modification? How do we apply?
Student Loan Refinancing
Tags: Loan Modification, Loan Rate, Principle
1 responses to Are we qualify for loan modification?
Credit Report
You should, but since you are already low interest expect it to go to a 30 or 40 year loan.
You apply with your lender, no one else. Anyone else is trying to rip you off, you work directly with the lender themselves.
Leave a reply to Are we qualify for loan modification?