Loan Modification Forum - LoanSafe.org - View Single Post

kheng · 01-10-2009, 01:13 AM

Hi ***,
Thank you for taking your time to reply to our help! I have an other question I'd like to ask you. When you said that we can try to apply again for the 2nd loan, so do you mean try to modify like the 1st loan through feddimac?
I am paying 6.25% of $417,000 on the 1st loan, and 8% of $238,000 on the second one. I keep thinking that if I am just be able to modify the first loan which is about the market value right now, and still get hit because the second loan amount and interest are too high!!! I love the house, I do not want to let it go, but it burdens me every day, every night. I can not stop thinking about this. Hopelessly, I just post it in. Again, I really appreciate your reply. Thank millions!!!!!!!!!!!!

01-10-2009, 01:13 AM	#3 (permalink)
kheng Junior Member Join Date: Jan 2009 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: help on loan modification Hi ***, Thank you for taking your time to reply to our help! I have an other question I'd like to ask you. When you said that we can try to apply again for the 2nd loan, so do you mean try to modify like the 1st loan through feddimac? I am paying 6.25% of $417,000 on the 1st loan, and 8% of $238,000 on the second one. I keep thinking that if I am just be able to modify the first loan which is about the market value right now, and still get hit because the second loan amount and interest are too high!!! I love the house, I do not want to let it go, but it burdens me every day, every night. I can not stop thinking about this. Hopelessly, I just post it in. Again, I really appreciate your reply. Thank millions!!!!!!!!!!!!