Loan Modification Forum - LoanSafe.org - View Single Post - New Thread

snapple candy · 07-03-2009, 08:07 AM

Unique, it is not uncommon to hear many Chase people put on these forebearances thinking they were on the MHA trial program. After 3 or 4mths on forbearance, they roll you over to the MHA 3mth trial program. Personally, I think they did it to buy time...to wait for interest rates to go up so when they negotiate the perm mods the ending interest is highest or higher than now...they also get to continue to collect at your current rate (racking up interest during trial mod) until the final mod achieved. It is all tacked on to the end of your loan of course.

07-03-2009, 08:07 AM	#28 (permalink)
snapple candy Senior Member Join Date: Feb 2009 Posts: 1,307 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: New Thread - Reporting 3 Month Trial Updates Unique, it is not uncommon to hear many Chase people put on these forebearances thinking they were on the MHA trial program. After 3 or 4mths on forbearance, they roll you over to the MHA 3mth trial program. Personally, I think they did it to buy time...to wait for interest rates to go up so when they negotiate the perm mods the ending interest is highest or higher than now...they also get to continue to collect at your current rate (racking up interest during trial mod) until the final mod achieved. It is all tacked on to the end of your loan of course.