Did you know that if you decide to get and are granted a loan modification that your credit score could be lowered by as much as 100 points????? Many housing counselors feel this is unfair to impose such a penalty on people trying to do the right thing and not go into foreclosure.
The credit rating industry defends this practice noting that people asking for this are already in dire straights and an actual foreclosure could reduce a credit rating 150 points or more.
For more info or a free San Antonio home search go to www.HollyGHomes.com.
No comments:
Post a Comment