Lenders Open to Loan Modification
January 22nd, 2008 by Kenneth Long
Homeowners that are behind on mortgage payments have new leverage in negotiating improved terms on their existing mortgages. Lenders are suddenly agreeing to loan modifications at a much greater frequencies than before.
Some homeowners have seen their interest rates drop by multiple points. Many have been granted payment reductions of $200 or more. Read the rest of this entry »
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