Tweet
I had gotten approved for 6 months hardship in December last year.
They reduced my interest rate to 5.5. I didn't even have to be late on payments.
I applied to extend such hardship, based on the fact that my situation has really not changed.
My next payment is due July 6th and each time I call I am told they have hundred of cases like mine and that they do not have an answer yet to tell me if my payments can continue at the reduced rate or if they will decline and my payments would go back to the original 8.0%
I understand they are very busy, but this is not only stressful, but I also feel that every month I pay I am risking my money in a house I don't know if I will be able to keep.
I expresed that concern and added that I would have expect for them to have the courtesy to provide an answer at least 15 days before due date. They told me that unfortunatelly this is the best they can do.
They tell me I need to wait for their decision and they I can make my decision about the house.
I am ok, I am doing my part, following up with them. Now it is not in my hands.
As instructed each week, I am calling again next week.
In the mean time I am preparing a financial statement to decide what is it that I want to propose the bank as a permanent solution and not a 6 months fix. I'll be ok.
They reduced my interest rate to 5.5. I didn't even have to be late on payments.
I applied to extend such hardship, based on the fact that my situation has really not changed.
My next payment is due July 6th and each time I call I am told they have hundred of cases like mine and that they do not have an answer yet to tell me if my payments can continue at the reduced rate or if they will decline and my payments would go back to the original 8.0%
I understand they are very busy, but this is not only stressful, but I also feel that every month I pay I am risking my money in a house I don't know if I will be able to keep.
I expresed that concern and added that I would have expect for them to have the courtesy to provide an answer at least 15 days before due date. They told me that unfortunatelly this is the best they can do.
They tell me I need to wait for their decision and they I can make my decision about the house.
I am ok, I am doing my part, following up with them. Now it is not in my hands.
As instructed each week, I am calling again next week.
In the mean time I am preparing a financial statement to decide what is it that I want to propose the bank as a permanent solution and not a 6 months fix. I'll be ok.
Comment