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hannahrae99 · 04-10-2009, 04:10 PM

Some quick questions. I just finished my 3-month loan mod period. My initial rate was 8.625% and then it got increased to 9.625%. Now thamy my mod period is over, they're willing to decrease it back to 8.625%. My point to them has been that's the rate that got me into trouble in the first place. My questions are:

1. can I expect a rate lower than 8.625%?

2. I have an interest only loan - any chance they'll agree to modify it to a standard P&I type loan?

Thanks.

04-10-2009, 04:10 PM	#6 (permalink)
hannahrae99 Junior Member Join Date: Dec 2008 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Wilshire Loan Mod Some quick questions. I just finished my 3-month loan mod period. My initial rate was 8.625% and then it got increased to 9.625%. Now thamy my mod period is over, they're willing to decrease it back to 8.625%. My point to them has been that's the rate that got me into trouble in the first place. My questions are: 1. can I expect a rate lower than 8.625%? 2. I have an interest only loan - any chance they'll agree to modify it to a standard P&I type loan? Thanks.