Mortgage Loan Modification
My son who has his mortgage at Citi Bank in NY modified his mortgage last week. It cost him $475 to drop his mortgage rate 1/2% all other terms of the mortgage remained the same. He has this option every 6 months...
His rate only dropped 1/2% because he re-financed last year.
His mortgage was motified and not re- financed.
It takes a quick call to your bank or mortgage company to see if they have it available.
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