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Anyone in the know about loan remodifications with the new stimulus plan?

We are in a fixed rate mortgage, so why would we want to change? well, we would like a lower interest rate, but we are upside down in our loan (isn't everyone). In fact, if possible, I would like to take advantage of having the difference 'forgiven' like so many others I hear about. I cant find any good info online, and I don't want to call my bank before I know what's what. Anyone in the know???


Asked by tomib at 11:20 PM on Mar. 26, 2009 in Politics & Current Events

Level 10 (483 Credits)
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Answers (2)
  • Unfortunately even the banks are having trouble! Have you visited the US Treasury website? There's an online questionnaire that can help you figure out whether you're eligible for the program.

    Answer by gdiamante at 1:09 AM on Mar. 27, 2009

  • Thanks!

    Answer by tomib at 1:26 AM on Mar. 27, 2009