| Re: Need advice on a re-payment plan program
I forgot to ask.....what are the chances of having a principal reduction on the second loan? We inquired about it but our negotiator said no with no explanation.....is there something else we need to do or say to hopefully qualify for a principal reduction based on similar comps in our neighborhood? We checked our home builder and they are selling similar homes in our neighborhood with the same square footage for $360,000....our total loan was $460,000....the same home is selling for $100,000 less than ours. $360,000 is the base price without upgrades or larger lot premiums. The price we paid includes all of that. Can you give me any advice? |