loan modification: Understanding Loan Modification
- 12/03/15 07:45 AM
A loan modification is a written agreement between the borrower and the lender that permanently changes the original terms of the promissory note to make the mortgage payments more affordable.In certain situations, a lender can do one or more of the following things to get your monthly payment down to a level that you can afford:lower the interest ratelengthen the repayment term, orreduce the principal balance.(Generally, lenders do not like to approve first-mortgage principal reductions as part of a loan modification. However, there are some programs under the Hardest Hit Fund, for example those in Arizona and California, which combine principal reduction assistance with … (0 comments)
loan modification: WHEN YOU WANT TO STAY IN YOUR HOME AND CAN'T MAKE THE PAYMENTS
- 11/29/15 02:34 AM
"FIND CHEAP BANKRUPTCY LAWYERS WHO ARE GOOD"..Consult at least 3 different bankruptcy lawyers. Do not do this on the phone. To make this work to YOUR advantage, it needs to be done with office appointments. Most bankruptcy lawyers will give you a free consultation. Take them up on that offer. You won't be wasting your time. Use your free consultations to learn what you need to know to get yourself through this...Find the best bankruptcy lawyers for your free consultations. Do that by making a Google search. Use a search term like, "Los Angeles … (0 comments)
A loan modification is a written agreement between the borrower and the lender that permanently changes the original terms of the promissory note to make the mortgage payments more affordable.In certain situations, a lender can do one or more of the following things to get your monthly payment down to a level that you can afford:lower the interest ratelengthen the repayment term, orreduce the principal balance.(Generally, lenders do not like to approve first-mortgage principal reductions as part of a loan modification. However, there are some programs under the Hardest Hit Fund, for example those in Arizona and California, which combine principal reduction assistance with … (0 comments)
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