HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » MY MOM'S HOME MODIFICATIO... » Reply #3
Introducing Discussionist: A new forum by the creators of DU

Response to Drunken Irishman (Original post)

Sat Oct 13, 2012, 04:26 PM

3. Unfortunately, the banks will not do anything that doesn't benefit them.

Most likely, her interest rate was lowered and her payment dropped. That's the good news. Part of her original payment might be deferred into an escrow account that she will have to pay off if she ever sells the house. Her loan might also now be a 40-year loan instead of a 30. That's what BoA did to me.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 13 replies Author Time Post
Drunken Irishman Oct 2012 OP
hollysmom Oct 2012 #1
treestar Oct 2012 #2
LineReply Unfortunately, the banks will not do anything that doesn't benefit them.
louis-t Oct 2012 #3
Drunken Irishman Oct 2012 #4
GentryDixon Oct 2012 #5
CaliforniaPeggy Oct 2012 #6
OldDem2012 Oct 2012 #7
lunatica Oct 2012 #8
Ochsfan Oct 2012 #9
orbitgirl Oct 2012 #10
Cha Oct 2012 #11
and-justice-for-all Oct 2012 #12
FLyellowdog Oct 2012 #13
Please login to view edit histories.