Health & Fitness
Columbia SC Homeowners Get Help With Loan Modifications
Columbia SC Homeowners Get Help With Loan Modifications
CNNMoney Reports, Columbia home owners who are at least 90 days behind on their mortgage payments and have a Fannie Mae or Freddie Mac-backed mortgage may receive an offer from lenders to get their mortgage payments reduced.
Lenders working with the selected Columbia homeowner will reduce a monthly payment by either extending the term of the loan—or by reducing the interest rate. Columbia homeowners could see as much as a $300 difference.
Source: “Thousands of borrowers to get mortgage payments reduced,” CNNMoney (July 1, 2013)
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