Tuesday, December 27, 2011
Questions About Loan Modification;
A Loan Modification from a mortgage lender is a permanent change in borrower's loan. Loan modifications allow a mortgage to be reinstated allowing the borrower an affordable mortgage payment. A true loan modification will offer a long term solution typically resulting in a 30 or 40 year fixed rate mortgage at or below a current market interest rate.Question 1: In utilizing the Loan Modification option to bring a mortgage current can penalties and fees be included in the modified mortgage
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