Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What Happens During a Loan Modification?

April 26, 2017happens loan modification

0

0 Posted

What Happens During a Loan Modification?

1 Answer

0

0 Posted

If you decide that a loan modification is for you, then one of our experienced loan modification managers will negotiate with your lender to modify the terms of the original loan so that you will have a lower interest rate and lower monthly payment. We do all the paperwork and negotiations on your behalf. We keep you posted on our progress as we work towards a resolution that will keep you in your home, avoid foreclosure and reduce your monthly mortgage.