Hello everyone!!
Thanks again for all the congrats! Well I got my docs today! As promised my loan is at frozen at 5.7% for 5 years!!!
The modification did not cost anything and we do not have to make a March payment.
In the cover letter, it said to return the application for auto withdrawl of payment, but package did not include app. so I called our negotiator Christy Mcgowan (very nice girl) and she said that it would not be necessary, it was an oversight on her that she didn't omit that part. She also told me that it was not possible to modify our second rate (9.875%) That is fine by me, because it is fixed and I was really only worried about the first! It would have just been the cherry on top! I still can't believe that this is a done deal! I am so happy and relieved!!!!
Here are the biggest misconceptions that kept me from even trying the modification route until I found Loansafe.
1. You have to be late in order to qualify for a modification
2. You must have a serious financial hardship
3. It takes 3-6 months
4. You can't do this yourself!
5. It's a pain in the a$$!!!!
Reality
1. I was never late
2. good steady income, but no LTV
3. 5 weeks
4. You
CAN do this yourself!!!! (with the help of y'all)
5. It's a pain in the a$$!!! No gettin around that one! I lived at the Kinko's fax machine!
All in all my case was "easy". My only real problem was LTV. I feel for so many of you out there that are in much more dire situations than my family and I hope that each and every one of you can find the best solution for you. Don't give up! To quote the famous Poppy
"call call call fax fax fax" I am positive that the turning point in my case was the QWR. It definately put some fire under their bums!
Moe: Of course, that is the least that I can do!
Thank you,
Shannon
