Loan Modifications

By: Ark Law Group, PLLC  02/23/2016
Keywords: loan modifications

For many homeowners in financial difficulty, struggling to pay their mortgage and in danger of foreclosure, a loan modification could be the best way to make their mortgage payments more affordable. You apply for a loan modification much like you would apply for refinancing your mortgage loan—but the result is not a new loan, rather a restructuring of your current mortgage loan that brings you current. It often also reduces your payments to something you can afford.

Keywords: loan modifications

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