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Author Question: Which of the following is the primary reason that a mortgage lender may allow a rate modification to ... (Read 30 times)

newbem

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Which of the following is the primary reason that a mortgage lender may allow a rate modification to an existing mortgage holder with a fixed-rate mortgage?


◦ The lender receives a one-time fee.
◦ The borrower may obtain a new mortgage from another lender.
◦ The borrower receives a lower interest rate.
◦ The borrower does not have to pay closing costs.


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Marked as best answer by newbem on Apr 14, 2019

Heffejeff

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