Tamera Aragon » Re-Amortization http://www.tameraaragon.com www.tameraaragon.com Fri, 20 Jan 2012 23:12:54 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Avoid Foreclosure: Option 9 – RE-AMORTIZATION http://www.tameraaragon.com/57/avoid-foreclosure-option-9-reamortization/ http://www.tameraaragon.com/57/avoid-foreclosure-option-9-reamortization/#comments Wed, 26 Oct 2011 15:39:57 +0000 Tamera http://www.tamerarei.com/?p=57 Option 9. RE-AMORTIZATION.

Definition: The delinquency is added to the loan balance in order to bring your payments up to date. Adding past due loan amounts to your current loan balance increases your loan balance and will also increase your monthly payments. The amount of the payment increase will be smaller if the life of your loan is extended at the same time as well. This is a good option if the reason for your mortgage default was temporary and your future income will support the new payment.

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Originally posted 2008-06-16 13:20:46. Republished by Blog Post Promoter


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