When does refinancing make more sense than a loan modification?
January 18, 2010 by
Filed under home equity loan rates
When does refinancing make more sense than a loan modification?
Q: Last February, we got a loan modification with our lender, and I am wonder whether it would be a good idea to try to refinance with them. I am considering a refinance because there were about $3,000 in fees that we weren’t able to put into the modification. Could the mortgage company just make the $3,000 come due at any time?
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