Loan Modification Forum - LoanSafe.org - View Single Post - Bank of America-H4H or modification?

rk123 · 03-25-2009, 08:22 PM

I think I can call it a success. Praises and thanks to God, I got this mod. packet today for my parents. Only requested mod. for first loan and they got this offer;

For five years: New principal and interest= $1590(2.35%)-reduced from interest only of $2500(6.25%).
Afterwards until maturity Principal and Interest = $2661(6.25%)

***, can you plz. comment on above mod. and also do you think I should try to fix for longer term then five years as I am looking for a long term mod. that they can afford without household income after five years, to avoid any future problem and get a security for long time for them and disabled dependent brother.

Really helpful website, keep it up.May God Help all in need and those in process of modification.

03-25-2009, 08:22 PM	#11 (permalink)
rk123 Member Join Date: Jan 2009 Posts: 11 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	BOA success I think I can call it a success. Praises and thanks to God, I got this mod. packet today for my parents. Only requested mod. for first loan and they got this offer; For five years: New principal and interest= $1590(2.35%)-reduced from interest only of $2500(6.25%). Afterwards until maturity Principal and Interest = $2661(6.25%) ***, can you plz. comment on above mod. and also do you think I should try to fix for longer term then five years as I am looking for a long term mod. that they can afford without household income after five years, to avoid any future problem and get a security for long time for them and disabled dependent brother. Really helpful website, keep it up.May God Help all in need and those in process of modification.