Settle your 2nd mortgage second or HELOC home equity line of credit. This a type of loan modification or loan mod many people over look. I have seen many many many lenders take 1-5% of the loan balance as settlement. If you have a 2nd or heloc you need to watch this video. 800-632-5160 kevin@kevinmcgill.com
Hi i would like to knew if i need to stop paying me first mortgage to be able to
settle with Equity loan . thanks
magic7379 3 months ago
Your idea is right on the money. I think if you can plan on 10% of the balance with a hardship, you will have a great chance. It IS possible for less money, but it seems that 10% is the target most have.
mnguru 2 years ago