I currently work on Loan Modifications and I'm int
Date: Mon, 03/28/2011 - 07:54
I currently work on Loan Modifications and I'm intested in learning more about the numbers with the bank in getting the modification approved. Any help?
Loan modification is offered by the lenders to those borrowers w
Loan modification is offered by the lenders to those borrowers who are facing financial hardship while paying off their mortgage. In order to get a loan modification approved from the lender, you'll have to be delinquent on your mortgage payments. If the lender is convinced about your financial hardship, then he will lower your interest rate so that you'll have to pay a reduced monthly payments which you'll be able to afford. As the rates will be lowered, your term period to pay off the loan will be increased. It is better to contact your own lender for loan modification rather than contacting a 3rd party.
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I'm intested in learning more about the numbers with the bank in getting the modification approved |
