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modification washington: WASHINGTON LOAN MODIFICATION
- 08/11/09 11:14 AM
WASHINGTON LOAN MODIFICATION With a loan modification, a Washington homeowner can permanently change one or more of the terms on the mortgage, making the monthly payments more affordable. Modifications of the loan can include lowering the interest rate, extending the term of the loan, or by adding missed payments to the loan balance. With a successful modify, homeowners are able to save their homes, while obtaining an affordable monthly payment that allows them to stay in the home. Loan modification is a complex process involving persistent communication to the lender and skilled negotiation. Great attention must be paid to detail throughout
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