-
You are in the middle of asking a question
-
Back to my question
-
No thanks I'm done
ZERO interest mortgage modification
I received a mortgage modification which I believe is the Obama mortgage after five years after loan modification. It has the trial period spelled out: 3 payment trial period, then the inetrest rate reduction continues to 2014. In the year 2015 (the 6th year) the interest rate goes to "ZERO for the life of the loan". This seems to good to be true.
Should I expect another modification in 2015?
Should I expect new modification paperwork after the 3 payment trial period?
Has anyone else out there been offered a ZERO interest rate?
Posted Answers
No answers were posted yet - be the first one to answer!
Sign in to participate
Got an answer for RES? Would you like to comment on the posted answers, or vote for the one which you think is the best?
Sign up for a free account, or sign in (if you're already a member).
Be The First To Answer
Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them
