Quote:
Originally Posted by lennox  I'm guessing, since your loan is interest only, it is set to recast in the next year or so, and your payment could increase dramatically. Maybe Indy will work with you to lower and lock the interest rate on an in-house modification. But if you're only paying interest now, and they add in principal...even extending the loan to 40 years, my guess is, it wouldn't lower the payments too much. But at least you wouldn't have to worry about the recast coming up. |
Hmm, leaves the option of a loan with a balloon-payment...
