Loan Modification Forum - LoanSafe.org - View Single Post - Starting Loan Mod with Aurora Loan Services

cdelgado13 · 01-12-2009, 12:49 PM

Thanks for the response ***.

I guess my concern is that the rate is low now, but in the future when rates go up it will make my payments really tough to handle and we might not have loan-remod options then. Are investors not willing to do interest-only at 40 years? Or, in my situation would they be willing to lower the loan balance since I am upside down and put me in a fully amortized loan with escrow account? That seems like a win-win.

01-12-2009, 12:49 PM	#3 (permalink)
cdelgado13 Junior Member Join Date: Dec 2008 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Starting Loan Mod with Aurora Loan Services Thanks for the response ***. I guess my concern is that the rate is low now, but in the future when rates go up it will make my payments really tough to handle and we might not have loan-remod options then. Are investors not willing to do interest-only at 40 years? Or, in my situation would they be willing to lower the loan balance since I am upside down and put me in a fully amortized loan with escrow account? That seems like a win-win.