Loan Modification:
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. There typically result in a lower payment to the homeowner and a more affordable mortgage.
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This represents only a summary of one of the solutions available to homeowners facing forclosure. Please call me today for a FREEconfidential evaluation of your individual situation, property value, and other possible solutions.