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Loan Restructuring or Modification
With loan restructuring or
loan modification, you change some or all of
your mortgage loan terms, protect from
foreclosure and obtain a more affordable
payment. Loan Restructuring or Modification will
alter your existing mortgage loan and give you a
fresh start and bring your account up to date.
What qualifies as a loan
modification
1. Owe more that what the
home is worth.
2. Adjustable rate mortgage that has or is
getting ready to adjust to a higher payment
3. Behind no more than 2 payments (no NOD filed;
start of the foreclosure process)
4. Experiencing some type of hardship...loss of
job, hospitalized etc...
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