Loan Modification Forum - LoanSafe.org - View Single Post

heehoo22 · 02-04-2009, 01:52 PM

The modification does not raise your interest rate. Most likely you have an ARM loan that went through an adjustment so that would be your current rate.

I believe they are not charging late charges from Oct to present day but if your late charges are from before that, then they can and will charge them to you.

02-04-2009, 01:52 PM	#4 (permalink)
heehoo22 Senior Member Join Date: Jan 2009 Location: California Posts: 141 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Modification Offer The modification does not raise your interest rate. Most likely you have an ARM loan that went through an adjustment so that would be your current rate. I believe they are not charging late charges from Oct to present day but if your late charges are from before that, then they can and will charge them to you.