Sentences with phrase «modification at a higher interest rate»
If you're lucky, you get an offer of loan modification at a higher interest rate.
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If your existing loan is an adjustable rate mortgage, and a higher interest rate has raised your payment to the extent that you can no longer afford to pay it, you might be able to renegotiate a loan modification plan with your lender or convert that ARM into a fixed - rate mortgage at a lower interest rate.