Working with Skilled Orlando Mortgage Modification Attorneys
What is a Loan Modification?
A loan modification is fairly self explanatory: the bank lowers your payment so you can "afford" your house. Principal reduction has been used throughout the economic crisis as a way of reducing payments and it is still in use today. You have a real opportunity to save your home and reduce what you owe. The only way to find out is to ask, we ask the right questions and we ensure you have the best opportunity to save your home.
Ways the Bank Can Modify Your Payment
- Principal Reduction
- Reduction in Interest Rate
- Extension of Term