mortgage simple definition: How to Refinance Your Loan Modification

How to Refinance Your Loan Modification

How to Refinance Your Loan Modification. South Carolina - Bankruptcy Attorney - Stop Forclosure - Mortgage Modification - Free Consultation

How to Refinance Your Loan Modification video duration 8 Minute(s) 14 Second(s), published by My Perfect Mortgage on 17 01 2019 - 19:41:22.

Should you refinance your loan modification? Learn more at myperfectmortgage.com In the wake of the financial crisis of 2007-2008, many homeowners found

I have an adjustable-rate mortgage, as do many Americans
Years ago, the rate skyrocketed and my payments were so high! Then it dropped to a reasonable Do not sue your bank (unless you want the lawyer to walk away with thousands of dollars, and you to wind up with the same loan modification that you could Columbia - Greenvile - Charleston
South Carolina's largest bankruptcy filer
Go online @ http://www.mossattorneys.com/ or call 1-800-346-4916 to book your .

Should you refinance your loan modification? Learn more at myperfectmortgage.com

In the wake of the financial crisis of 2007-2008, many homeowners found themselves in trouble trying to make ends meet and paying their mortgage payment. As a result, Fannie Mae, Freddie Mac and several government programs offered loan modifications.

However, nearly a decade later I’m getting lots of questions about whether or not these loan modifications still make sense. Or, if you can actually refinance them or get a new mortgage in the future.

The simple answer is that generally you can refinance or get a new mortgage after a loan modification. Unlike a foreclosure or bankruptcy, there is no ‘waiting’ period before you can get a new loan—per say.

However, lenders will be looking for 12 months of ‘good’, on-time mortgage payments to refinance and 24 months of mortgage payments to approve you for a new loan. But, in general, if you can qualify for a mortgage then the loan modification won’t be a problem.

Learn more about refinancing or getting a new mortgage after a loan modification here: https://myperfectmortgage.com/refinance-loan-modification/