Question:

CAN A MOD BE DONE WITHOUT HURTING YOUR CREDIT SCORE. I AM NOT BEHIND BUT MY INTREST RATE IS 8% & I MAKE LESS MONEY NOW & IT IS GETTING HARD TO MAKE THE PAYMENTS AT THIS INTREST RATE .HAVE GOOD CREDIT BUT A REFINANCE IS OUT DUE TO OTHER BILLS. SHOULD I TRY TO GET A MOD OR LEAVE IT ALONE .
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Answers
Posted By: RightTrack Financial Services on Jan 28, 2010 12:38PM
A: It is possible to get a modification without going late on your payment. Although it is not as easy to obtain a modification when you are current as it is when you are deliquent. If you see yourself coming to a point of imminent default then I would suggest tackling your problem head on today and not wait until it becomes an issue in the future when you have no money left in the bank. If you wait you will be left with a house that you cant afford and no money left for living expenses or emergencies in the future. If you fill out the form on this website you will be contacted by up to 3 loan modification professionals who will be happy to help you with the process.