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Citimortgage sold my mortgage to another mortgage company that I never heard of. I cannot even call this new mortgage company until 7 days after the first of the month because they wont have my information on file until then. Will the new mortgage company change the terms of my current loan? Im worried too, because I just had a loan modification this year and my payments went down significantly. Im worried the new company wont have to agree to those terms somehow. Has anyone had any experience with this?

2 Thoughts on My mortgage company sold my loan to another mortgage company…will everything stay the same?
  1. Reply
    wizjp
    June 22, 2012 at 9:47 am

    Everything should stay the same except where you send your payment and who the check is made out to.

    Most mortgages are sold at least once during a 10-15 year term

  2. Reply
    Zarg222
    June 22, 2012 at 10:38 am

    MOST mortgages are sold to other companies – nothing changes on your end except a payment address maybe

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