What is a Loan Modification?
Loan Modification is a permanent change in the terms of your existing loan. Lenders may restructure your loan in a number of ways including a reduction in the interest rate, an extension of the length of the loan, adjusting the principal balance, forgiving any back payments or late fees. If you are behind on your payments, in fear of foreclosure, or anticipate not being able to afford your home loan, you may be a candidate for loan modification. Expect the Loan Modification process to take approximately 30-90 days. RescueMyLoan.com will take care of all the phone calls and complex negotiations.
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