Loan modifications are tedious and time consuming. It is a huge relief when you have finally gathered all paperwork together and submitted it to the bank. It is an even bigger relief when the bank agrees to modify the loan. The bank will give you the terms of the modification to review. Many times, there […]
What You Need to Know About Loan Modifications
Life happens. People lose jobs, get very ill, or have other circumstances where they are unable to pay their mortgage. If you find yourself in this situation, it may be possible to get your loan modified to reduce the amount of your monthly payment. If you are thinking about applying for a loan modification, here […]
5 Mortgage Loan Modification Terms You Need to Know
Getting approved for a loan modification can be tricky. Still, it is important for struggling homeowners to consider this to avoid foreclosure. So, where do you begin? Understanding the terms of a loan modification can help you become more knowledgeable and determine the best option for you. Once you’ve decided to apply for a loan […]
Avoiding Mortgage Default without Having to File Bankruptcy
No matter how stable your financial situation is, life can change unexpectedly overnight. Whether you were injured, suffered a prolonged illness, or lost your job, if you find yourself in a situation where you are unable to pay a previously affordable mortgage payment, it can be a frightening situation. There are many possible solutions, but […]
