Home Loan Modifications

[smithmiller6]

Has anyone had any success getting one o these home loan modification thingys. We have been getting the run around from Bank of America fo 6 months now. Anyone know of anyone that has actually been approved for a loan mod.

It's so frustrating and stressfull,

24/7 Moneybox

[chlmortgage07]

Mortgage modification is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower in general, any loan can be modified.

[Kavin Martin]

Modifying a mortgage denotes dynamic  the terms and conditions originally prescribed by the recipient and therefore the loaner. adore mortgage finance, it's primarily meant to form payment of installments handier for borrowers, particularly throughout times of monetary strains.Borrowers will choose from many mortgage modification plans. Among these is rate reduction. rather than having a floating rate, borrowers could request for a hard and fast rate. Another modification theme involves the reduction of the principal quantity. Increasing the time for repaying the loan is additionally an alternative choice.



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