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Updated almost 3 years ago on . Most recent reply
Loan modification strategies
I have two months left in a forbearance plan and am starting to think of how I want to modify the loan. I’m curious what people favorite things to offer.
I’m hoping to end up with a slightly higher payment. Offering lowering interest rate. The person temporarily list their job due to COVID but has since regained it.
Most Popular Reply
@Peter Halliday
Be careful with mods with higher payments as it can be considered a new loan and require you to qualify the borrowers ability to repay.
- Chris Seveney
7e investments
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