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Hi all. I just received an email from my own mortgage company which reads:

Hello Mr. Miller, After a brief review it appears that your loan qualifies for a potential restructure!! My overall goal is simply to see if we can lower your rate and payment. Also, since you are part of the family we will NOT charge you 1 penny in Underwriting, or Application, or Credit report fees like all other Lenders will. This is done by a streamline process, which means no need for credit to be issued, no income documents needed, and we can typically get everything settled for you in just a few weeks! The best part about this, is you may even be able to skip a month’s mortgage payment! Would you like to take advantage of a lower rate on your mortgage?

Usually I ignore these when they are from other companies, but why would my own mortgage company be doing this? Is this something legitimate I should be pursuing? Thanks!

Some loan details:

$159k loan - 2 years in with perfect on time automatic payments
Rate is 4.25% - FHA Loan with minimum down payment of about $6k
Lender is Roundpoint (sold off to them as soon as I closed on my loan)



Submitted November 14, 2017 at 09:20AM by Bearcat0777 http://ift.tt/2zFgebx

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