Who qualifies for a loan modification?

by | Nov 4, 2017 | Frequently Asked Questions | 0 comments

Anyone that is having trouble paying his/her existing loan may qualify for a loan modification. In today’s housing market, banks are willing to work with mortgage holders who are having trouble paying their mortgage. However, homeowners with a high probability of getting a loan modification are those currently in an adjustable rate mortgage, who have a high interest rate, and/or are experiencing any kind of hardship.

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