Repayment Plan, a written agreement which provides a specific period of time to bring a homeowners loan current by adding the delinquency plus regular monthly payments together. A repayment plan is accepted by all investors and is the most frequent method of curing a default. I have seen repayment plans as long as 8 years (96 months) but that is truly the way off exception and far from the rule. The above mentioned repayment plan was a VA loans and they really work hard to ensure Veterans are well protected. If you get a VA deal you have the ability to get creative and an extended repayment plan really helps.Repayment Plan
Realistically a repayment plan does not go any longer than 24 months and with private Wall Street money does not extend past 12 months without approval. Most recently if a loan modification is an option then a repayment plan lasting longer than....
