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I have an investment property. The interest rate is 7.75%. How can I make my lender to modify the loan?

17 Mar
 
4 Comments

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  1. Judy

    March 17, 2010 at 9:56 pm

    Uh, why would you think you could make your lender modify the loan? Didn’t you agree to it when you took it out? Was there some kind of fraud involved?

     

  2. Ryan M

    March 17, 2010 at 10:08 pm

    a) You can’t “make” you lender do anything. How about YOU live up to the terms YOU agreed to?????
    b) Since it is an investment property, you are not entitled to the same rates as a primary residence. Investment properties carry more risk for the bank, so they will ALWAYS have rates about 2% higher than traditional mortgages.

     

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