I'm am currently refinancing my home. Last week, I heard the discussion about the woman who was modifying her mortgage with Wells Fargo and had it adversely affect her credit score. I followed up with this to make sure I was safe. Based on what I found out, there is a difference between refinancing your home and modifying your loan, with the latter affecting your credit rating. As explained to me, a modification is for people who cannot refinance and are experiencing financial hardship.
Thanks. I love your show. Joe in Jacksonville
Explore Stories that share this feature's tags
AMERICAN PUBLIC MEDIA
261 S. Figueroa Street, Los Angeles, CA 90012
American Public Media's online services are supported by users like you. Contribute now…