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Old 12-06-2008, 04:03 PM
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Default help interest rate increasing

On Dec. 1, our interest rate will increase causing our payments to go up another $400.00 a month. In May of 2009 the interest rate will then increase again to be 9.5 percent causing another increase. We have always made our payments on time but with these increases it may be impossible for us to make the payments in the future. We want to modify our loan to keep our house. Select Portfolio Servicing
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