A Trial Mortgage Loan Modification Can Damage Your Credit – Know The Facts
January 8, 2010 by Victoria Stankard · Leave a Comment
Homeowners who are behind on their mortgage payments or struggling to keep them current may be considering a trial loan modification. President Obama’s mortgage rescue plan is intended to help homeowners avoid foreclosure. The plan reduces monthly payments to no more than 31% of eligible borrowers’ pre-tax income or gives borrowers the opportunity to refinance their mortgage even if they have litle [...]

