The Complete Idiot's Guide to Boosting Your Financial IQ by Ken Clark

Author:Ken Clark
Language: eng
Format: epub
Publisher: Penguin USA, Inc.

Unfortunately for many borrowers, lenders are not (and will likely never be) forced to participate in these programs. To do so seems to run against the grain of capitalism and a truly free market economy. Even companies that currently offer these programs will likely discontinue them as soon as their companies’ bottom lines and housing prices stabilize. In short, getting your mortgage lender to restructure your loan is a great strategy (be sure to read the fine print, as always) while the opportunity lasts, but shouldn’t be counted on as a fallback strategy that will always be there.

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