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Old 12-22-2008, 01:56 PM   #66 (permalink)
Lisa in MN
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Re: Finally offered WAMU loan Mod!

Hello Mr. Madman
I checked with my negotiator based on what you and Daniel said. She said this is a principal and interest payment- not just interest. She also said I should be recieving the documents soon and she hopes they arrive by the time I meet with the attorney on 12/30.
So, shouldnt the payment with the interest change each year be based on what the principal balance is before the new interest rate starts?
I am so ignorant with this stuff and I thank all of you in advance for the explainations!
Lisa
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