National City Loan...Please help do you think it's possible

[frankaz]

Hopefully I am posting in the right forum. Can anyone help with some information?

I am considering doing a loan modification on my own can anyone give me some advice if my modification is possible or if it is best to hire an attorney.

I have a 5 year arm that is do to come up for adjustment in Sept 2009. I would like to do a modification to fix my interest rate. I am employed but have had a reduction in my income. I also do have about 60K in equity in my home. I am also current on my mortgage. My goal is to see if they can just modify my loan to a fixed rate. I can not refinance because I do not have the income to qualify. I will not be able to afford my mortgage if my interest rate adjusts.

Please can anyone give me any information on the best way possible to achieve this. Can I do it on my own or should I hire an attorney? Or do you think that National City will do anything at all.

[Moe Bedard]

Hi frankaz,



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


You would need to contact National City and see what the options are from the investor on your loan..............the contact info and steps to take can be found here in this link........
National City Mortgage - Having Trouble Making Payments