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Mortgage Loan Modification Attorney

H
harrisonward

37 Views • Jul 26, 2012

Description

A loan modification is when your lender agrees to change the terms of your home mortgage so that they are more favorable to you. Your mortgage can be modified in a variety of ways, including: interest rate reduction, adding additional time to the length of your loan (i.e. going from a 30 to a 40 year loan), or principal reduction.