Mortgage Loan Modification

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Posted on September 19, 2018 at 12:48 PM



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Recent Posts For Mortgage Loan Modification

HAMP - Mortgage Modification Program | Zillow
Homeowners facing a major financial hardship that could lead to a foreclosure may work with a lender to get a loan modification — sometimes called a mortgage modification, workout plan or restructuring — which will change the terms of the mortgage loan so the borrower can afford the payments.
What's the difference between a loan modification ... - Nolo
A loan modification is a permanent restructuring of the mortgage where one or more of the terms of a borrower's loan are changed to provide a more affordable payment. With a loan modification, the loan owner ("lender") might agree to do one of more of the following to reduce your monthly payment:
Mortgage Modification Definition | Investopedia
Mortgage modifications are typically implemented as short-term solutions for homeowners facing a period of financial hardship without changing the overall terms of the loan.

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