Loan Modification Forum - LoanSafe.org - View Single Post - Don't want to look a gift horse in the mouth

massage · 07-03-2009, 01:27 PM

When is your first payment due? Aug or Sept the additional $5000 could be the interest on the payment you skip. My mod came in at end of june and first payment due aug 1st so the interest for July's skippped payment was added to back of loan and NACA didnt answer any emails or calls in time for me to decline. I really doubt anyones mod makes financial sense in the long run we are all still underwater.

07-03-2009, 01:27 PM	#4 (permalink)
massage Senior Member Join Date: May 2009 Location: eastpointe michigan Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Don't want to look a gift horse in the mouth When is your first payment due? Aug or Sept the additional $5000 could be the interest on the payment you skip. My mod came in at end of june and first payment due aug 1st so the interest for July's skippped payment was added to back of loan and NACA didnt answer any emails or calls in time for me to decline. I really doubt anyones mod makes financial sense in the long run we are all still underwater.