WaMu loan mod

[donnyb]

I am new to this site, but from what i have read so far it seems there is great info here. I was wondering what would be the best way to get a loan modification from wamu. I am currently paying 7.75% on a $180,000 loan. The loan is scheduled to go up to 8.5% next month. I have never been late on a payment. What options do I have? I definitely want to keep the house, but I simply cannot afford to at these rates. Any advise you can give is greatly appreciated.

[Moe Bedard]

Hi donnyb,

Welcome to the fourm and thank you for joining...............

If you have not done so already you would need to start by putting together a hardship letter.........click on the link for examples.........

Examples of a Hardship Letter

then you would need to call WaMu to see what options are available from the investor on your loan for a modification.........
WaMu Loss Mitigation
1-877-533-8960


Please keep us posted on your progress...........