These changes
may include:
1) Reducing or modifying the interest rate
2) Extending the term of the loan
2) Changing the monthly payments
4) Combining any of the above
A Loan
Modification will give you a
fresh start, bringing your mortgage up to date after capitalizing any
delinquent interest, escrow, fees and other costs based on investor
guidelines.
Acting quickly should be your number one priority, as we will need to develop a plan, document your current financial
situation, and contact your lender to begin negotiations on your behalf
in order to stop foreclosure and save your home.
