| Re: CW Modification in Phase 2 Stage BONY Investor
I do not know how many phases there are. I've worked in the modification department for years but the phases thing is all new to me. I am in the escalation group so we don't follow the normal practices.
BONY is pretty flexible but it comes down to your affordability. Whether or not you can afford a reasonable mortgage payment based on your current principal balance. Rarely do you see the rates on BONY reduced below a 5.25%. |