close
    When applying for a mortgage modification,do you have to pay present loan during process?

    0  Views: 338 Answers: 2 Posted: 13 years ago

    2 Answers

    Contact the bank or lending institute and check with the loan officer. They can answer this best. 

    Usually no modifications take effect until there are concluded. It makes sense to finalize any change by post-dating it to the date of the next due payment to simplify the transaction but as Colleen correctly suggested, speak to your mortgage lender and tell them that's the way you'd prefer to do it. Assuming,of course, that you don't have a different preferred method.


    Remember, YOU are the customer.



    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18061 / Questions: 154
    Karma: 1102K
     
    Colleen
    Answers: 47269 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11322 / Questions: 160
    Karma: 838K
     
    Benthere
    Answers: 2392 / Questions: 30
    Karma: 760K
    > Top contributors chart

    Unanswered Questions

    JLPH
    Answers: 0 Views: 1 Rating: 0
    mb88fund
    Answers: 0 Views: 9 Rating: 0
    ongbuomnet
    Answers: 0 Views: 6 Rating: 0
    亚博智能https://yabo9996.com?
    Answers: 0 Views: 8 Rating: 0
    jiuyouone1
    Answers: 0 Views: 10 Rating: 0
    HBajee VIIP
    Answers: 0 Views: 11 Rating: 0
    > More questions...
    522350
    questions
    758212
    answers
    867924
    users