Loan Modification:

Ways a Loan Can be Modified

If you are struggling to make your monthly mortgage payments, a loan modification attorney can work to negotiate with your lender and arrive at new terms for your home loan. These new terms can help cut your monthly mortgage payments and make them more affordable. A mortgage loan modification may include one or more of the following kinds of changes to your current home loan:

  • -Lower your interest rate
  • -Lock in a fixed interest rate that won't go up
  • -Give you more time to repay your mortgage
  • -Reduce the principal balance that you still owe