| Re: Loan modification contract-help
Cat,
Thank-you for responding. I have another question if I may. We were offered a fixed interest rate of 10.25% on our first mort. which is currently a 10.75% ARM we started at 6.5% 4 yrs. ago and a reduction of principal of approx. 11k on our second mort. int. reduced to 2% for 3 yrs. My question is it states that "any fees and charges not included in this principal balance will be our responsibility also that any expenses incurred in connection with the servicing of the loan but not yet charged to our account as of the date of Agreement may be charged to our account after the date of the agreement" do I want to question that? What kind of fees are we talking about here and just how and when would they be due? |