What is a Loan Modification?

A Loan Modification is a permanent change in one or more of the terms of your loan, gives you a fresh start, and results in a payment that you can afford.  This can involve a reduction in the interest rate, modifying an adjustable rate to a fixed rate, forgiveness of past due payments, reduction in principal, extension of the term, or any combination of these.  Loan modifications can be structured in many different ways depending on each individual circumstance.  Contact us for your free consultation.