Description: 844-598-3328 Professional loan modification Services, Nationwide! The lender will determine: Whether the borrower's current payment is unaffordable. Whether it can make payments affordable by altering some aspects of the mortgage. Whether a loan modification will be beneficial for the investor who owns the borrower's loan. Get a free consultation Fill out the form below and
Lower Payment Reinstate Your Loan Improve Credit No risk to you What is Loan Modification? Loan modification is a change made to the terms of an existing loan by a lender. It may involve a reduction in the interest rate, an extension of the length of time for repayment, a different type of loan, or any combination of the three.
Such changes usually are made because the borrower is unable to repay the original loan. Most successful loan modification processes are negotiated with the help of an attorney or a settlement company. Some borrowers are eligible for government assistance in loan modification.
Although a loan modification may be made for any type of loan, they are most common with secured loans such as mortgages.