My mortgage try a great Va mortgage courtesy PennyMac
I’m considering deciding on the streamline modification financing processes, it said I am into the a go several months and you will throughout that time create step 3 costs punctually then I can found my personal package towards the the newest changed loan conditions/rate. In the event the I’m not happy with whatever they provide can be reject new provide, shell out lump sum payment We are obligated to pay and keep my latest term/rates?
This is an excellent concern, Sandra. You should always manage to shell out a lump sum payment and you can always build your payments beneath your current mortgage words.