A loan modification will take the mortgage you now have and change the interest rate and payment requirements in order to achieve a fixed rate. A change in rates and payments does not result in the need for a new closing, legal fees, survey, appraisal, or taxes. In contrast, if you "refinance" a loan you'll be required to have a closing and forced to pay a variety of fees and taxes.
Homeowners
LoanMod.com has a successful track record of helping thousands of families avoid foreclosure with affordable loan modification plans. Fill out the form below to find out how we may help you!