Feedback – Mortgage Problems
What is the Problem?
This one comes from a youtube viewer D. Lignell.
'I found this very helpful and informative. I would love to know more about the way mortgages work. I am attempting to get a loan modification and assumed the bank I pay the payment to, was the only party involved. I then learned there is a separate “funder” of the loan who apparently does not like, or have to participate in, the modification process. This is my second go around and so far they seem much...
My Mortgage Company Won’t Help Me Until I’m 3 Months in Arrears!
What is the Problem?
This one comes from Daniel in Carlisle, and he says:
“I know I’m going to have difficulty with a few months payments on my mortgage, but when I contacted the mortgage company, staff told me they couldn’t agree a payment arrangement until I’m actually 3 months in arrears; is that correct because it seems crazy?”
- The requirement to be three (3) months in arrear, before the Bank will discuss a payment arrangement, is more than likely the...