Hi all. I just received a letter from Seterus Bank who holds my mortgage.
It states they have applied a $5,000 HAMP incentive to reduce my unpaid principal.
It also states that I may also qualify for a reamortization of the UPB. I'm assuming
this is a good thing??? Can someone actually explain in layman terms what this
means? Thanks.
It states they have applied a $5,000 HAMP incentive to reduce my unpaid principal.
It also states that I may also qualify for a reamortization of the UPB. I'm assuming
this is a good thing??? Can someone actually explain in layman terms what this
means? Thanks.