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loan modify wa: Mortgage Modification Help Washington
- 07/08/09 07:48 AM
MORTGAGE MODIFICATION HELP WASHINGTON Most Washington homeowners are currently surfing through their options during the mounting mortgage crisis and current economic troubles. Amidst the fears and uncertainties, homeowners are most frequently going to come across the possibility of a home loan modification. A mortgage modification program allows a borrower’s home loan to be adjusted to new binding terms, and commonly include: Lowered interest rates; Reduced principle balance; Swapping adjustable rates to lower fixed-rates; Altering the term of the loan; Forgiveness of payment defaults and fees; Or a combination of these. The government has allocated $75 billion to subsidize some payment
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