Loans, Debt & Credit - View Single Post - Impac/cw-loan mod approved

notasmartowner · 02-23-2009, 07:13 PM

Hello,

I had our loan mod approved from CW.

I will put this very simply.

NOW:
Total loan $800,000
Current value of house: $500,000
1st loan @ 632,000 at 5.6% set to reset in 2012. Mortgage pay @ $2900

LOAN MOD:

632,000 at 3.6% set to reset on 2014. mortgage pay @ $1900

suggestions?

02-23-2009, 07:13 PM	#1 (permalink)
notasmartowner Member Join Date: Jan 2009 Posts: 29 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Impac/cw-loan mod approved Hello, I had our loan mod approved from CW. I will put this very simply. NOW: Total loan $800,000 Current value of house: $500,000 1st loan @ 632,000 at 5.6% set to reset in 2012. Mortgage pay @ $2900 LOAN MOD: 632,000 at 3.6% set to reset on 2014. mortgage pay @ $1900 suggestions?