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What are the advantages of getting a loan modification?

April 26, 2017advantages loan modification

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What are the advantages of getting a loan modification?

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The goal of a modification is to lower your monthly payment, so that you can get back on track financially and stay in your home. If you qualify as a candidate for loan modification, it is a much preferred alternative to the financial burdens created by being required to sell your home quickly or losing your home to foreclosure.