How You Can Prevent Delays in the Mortgage Loan Modification Process
March 5, 2010 by Victoria Stankard · 1 Comment
A mortgage loan modification is when the lender reworks the terms of your existing home loan to make the monthly payments more affordable. Lenders will lower the interest rate, extend the terms of the loan, reduce the principal (although rare) or a combination of any of the above to get the payment down. A mortgage loan modification may tarnish [...]

