Sampler: Mortgages Made Simple: Loan Modifications, Do they really happen – April 25, 2008

Check out this latest version of Mortgages Made Simple. Our lender offered to refinance us at a lower interest rate for no cost. It can happen to you, too. — Douglas

Loan Modifications, Do they really happen – April 25, 2008

Loan Modifications have become a hot topic lately due to the subprime crisis, but are they the proverbial leprechaun with a pot of gold, or that elusive shooting star? We actually know two people that were offered incredible loan modifications from their lender. Mortgages Made Simple logo The interesting thing in both cases was neither were subprime borrowers and both were contacted by their lender. And one was our Co-host/producer. We’ll tell you their stories and….

If you’re not feeling so lucky, you can contact your lender and ask for a loan modification. With a lot of persistence you can get it done. For a brief list of lenders who are more likely to help you out please email us.

(Via Mortgages Made Simple with Rick Gundzik.)

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