Loan Modification
A loan modification is a change made to the terms of an existing mortgage loan to make it more affordable for the homeowner. This can be done by lowering the interest rate, extending the loan term, or even reducing the principal balance. If you’re struggling to make your mortgage payments, a loan modification may be a good option to consider. To find out more about loan modifications and how they work, fill out the form below.
Description
A written agreement that permanently changes one or more of the originai terms of the Inan, such as a ratı, payment amount, maturity date, or the amount of the principal balance tu cure the delinquency and make the payments affordable.