Can banks adjust your interest rate on a home loan without actually going thru the whole refinance process? March 3, 2010
Posted by Banking in : Renting & Real Estate , 5comments
In terms of today’s economy and given all the programs to help people keep their homes, I heard from someone that some banks are just modifying loans with high interest rates, by lowering them to 4 or 5%. Is this true? Is there a program like this avaliable?
This is in the case that someone is near or in foreclosure because of some financial hardship.Submited by:Chad G