12-11-2009, 07:41 PM
M A V I C wrote:
[quote=ztirffritz]
I've owned my home for about 7 years and I've paid down about 1/3 of the principle so far. I just refinanced so that I can pay it down even faster.
Was it a 30yr mortgage? Have you been making extra payments? You sure refinancing will help you pay it down faster than a modification?
Modifications are available to very few individuals-- it's lucky for you that you got one but I would not present it as if it were just another viable option.