Fix My Loan - What Should I Do?
July 5, 2009 on 11:56 am | By admin | In BusinessThe first thing you need to realize is that sometimes fixing your loan will not fix your unique situation. Sometimes it will only be a temporary band aid for a much larger problem. For instance, if you have suffered a large pay cut or even lost your job, by repairing your loan you will only be able to make the payments for a short period of time and then you will end up defaulting anyways. best home equity loan In these cases, it is much better to pursue a short sale and get out of the property completely. The banks know when this is going to happen anyways and will almost always deny you for a mortgage loan modification because they can see this coming.