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What is a Loan Modification?

by Editorial Staff | Nov 4, 2017 | Frequently Asked Questions

A Loan Modification is when the bank allows a change in the terms of your existing mortgage. The purpose of a modification is to significantly lower your monthly payments, for either a temporary or permanent period of...

Who qualifies for a loan modification?

by Editorial Staff | Nov 4, 2017 | Frequently Asked Questions

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...

Why will a loan modification work for me?

by Editorial Staff | Nov 4, 2017 | Frequently Asked Questions

The government has asked for ALL lending banks to help in the foreclosure epidemic and modify mortgages for all troubled homeowners. Going to your lender with the representation of an Attorney will make a scary process seem...

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