 Received call from Option one Help please!
My home went in to foreclosure in February. I request a modification on 2/08 I received a call yesterday telling me that my modification was in the final process. This is what I was told they first offer me 7.9 % fixed; that wouldn't work for me, my monthly payment would be the same not a good offer. However they came back with a 4 yrs interest only 1 yrs 6.3 % 2 yr 6.4. 3 yrs 6.8 and the 4 ys 7.9% tap off. My only concern is they are adding 14,000 to my balance which would increase my loan amount from 216,000 to 229,000. Option is also requesting 2,000 from me not going toward my mortgage. Any input guys. Help please |