Monday, December 26, 2011
Questions about Loan Modification Companies
It seems that newest craze in the mortgage world is loan modifications. As an alternative to refinancing, this method is a much less expensive way to reduce your monthly housing payments. There are no closing costs or appraisals fees to deal with. Qualifying is done much differently than it is for a refinancing. In fact, credit, income and equity in your home are not generally considered negative factors. The truth is, many times the worse your situation is, the better you might actually
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