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What happens in a Loan Modification Procedure?

April 26, 2017happens loan modification procedure

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What happens in a Loan Modification Procedure?

1 Answer

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10 Posted

In a Loan Modification procedure, your loan’s terms, like the interest rate, monthly payment or the length of the loan, can be renegotiated to match what you can pay. So if you can’t afford to make higher payments on your mortgage, we negotiate with your lender to keep the lower payments.