Megan McGinnis' Blog–Get Connected!

3 Responses to “Principal Reduction vs Loan Modification: Which do you choose to save your home?”

1. 
   Monica Says:
   24. December 2009 at 11:40 pm

   Hi, thank you for the difference between the two. I was confused
   Monica Beltran http://www.MonicaBeltran.com
   Monica´s last blog ..Larry Benet -Video Clip with a Powerful Connection Exercise

2. 
   Angella Raisian Says:
   1. January 2010 at 3:51 pm

   I’d go for the principal reduction, no doubt. The loan mod actually increases the loan principal, but extends it to 40 years. The homeowners will have to stay in the house for at least 15-20 years before the home is no longer upside down and can be sold. Principal Reduction any day!!!
   Angella Raisian´s last blog ..Top 10 Real Estate Trainers on Twitter

3. 
   Megan McGinnis Says:
   2. January 2010 at 8:34 am

   Yes, the principal reduction should be everyone’s first course of action but not everyone qualifies.

   Megan
   http:/megan-mcginnis.com
   Megan McGinnis´s last blog ..Top 10 Loan & Lending Experts on Twitter

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