http://www.rapidbk.com/index.php/loan-modification-app 1(888) 619-4850
Loan modification mortgage is a process whereby a home owner’s mortgage is modified and both the lender and homeowner are bound by the new terms of the new mortgage. The most common loan modifications are listed below:
* Lowering the mortgage interest rate
* Reducing the mortgage principal balance
* Fixing adjustable interest rates within the mortgage
* Increasing the loan term throughout the mortgage
* Forgiveness of payment defaults and fees
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