loan modification
Date: Wed, 10/27/2010 - 04:09
I have taken a mortgage loan 2 years back. I am going through a financial crisis and are unable to make the mortgage payments. My friends are suggesting me to go for loan modification. Now what I want to know is that does loan modification hurt credit score?
Quote:Originally Posted by AnonymousI have taken a mortgage loan
Quote:
Originally Posted by Anonymous I have taken a mortgage loan 2 years back. I am going through a financial crisis and are unable to make the mortgage payments. My friends are suggesting me to go for loan modification. Now what I want to know is that does loan modification hurt credit score? |
My mortgage is with CitiMortgage and 8 months ago, I did a loan modification with them. No, it has not hurt my credit at all. I went from 6.5% to 4.10%. Saved almost $220 in house payments.
If you have been unable to make the mortgage payments for severa
If you have been unable to make the mortgage payments for several months, you can try out loan modification. It does not hurt your credit score.