Got the papers and all that stuff.
It specifically states that it is not a re-aff, and by signing the 'new terms' is not renewing our personal obligations to the loan.
They have rolled our 2 missed payments back in, lowered the rate by 6.5%, which in turn lowered the monthly payment by $300+.
Honestly, I am shocked. Our first mortgage, which we did re-aff, has done nothing at all to help, and flat out refuses to even look at any help because of being un-employed. Yet the 2nd, has been nothing but, and should we end up having to walk away, they are the ones who get the short end of the stick.
It specifically states that it is not a re-aff, and by signing the 'new terms' is not renewing our personal obligations to the loan.
They have rolled our 2 missed payments back in, lowered the rate by 6.5%, which in turn lowered the monthly payment by $300+.
Honestly, I am shocked. Our first mortgage, which we did re-aff, has done nothing at all to help, and flat out refuses to even look at any help because of being un-employed. Yet the 2nd, has been nothing but, and should we end up having to walk away, they are the ones who get the short end of the stick.
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