Loan Modification services

A loan modification is a procedure where the lender modifies the loan payment plan, due to hardship of the borrower, in order to help prevent the borrower from going into foreclosure. A loan modification usually results in a rate reduction and a fixed rate for a certain period of time.

Some things that can be done during the loan modification process...

- Interest rate can be changed to a fixed rate
- Extend borrower’s time to pay back the loan
- The loan interest may be reduced
- The loan can be modified altogether

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