Home Loan Modification

Home Loan Modification

Home Loan Modification A home loan modification is a change made to the lender’s terms of an existing mortgage loan. The purpose of a loan modification is to make the loan more affordable for the borrower, either by lowering the interest rate, extending the loan term, or changing the type of loan. If you struggle … Read more

What is a Loan Modification and How Does It Work

What is a Loan Modification and How Does It Work

What is a Loan Modification and How Does It Work The next logical step in practically everyone’s life is to become a homeowner. And while borrowing money to buy a home and having a mortgage have become commonplace in our culture, most people are unaware of how complicated that process is and what might occur … Read more