Loan Modification Lawyer
If you're thinking about a loan modification to keep your home, you need an aggressive loan modification attorney. Despite what lenders say, very few do anything to help a struggling homeowner. You can't afford to take any risks. You need the loan modification lawyers at Thomas K. McKnight if you're depending upon your mortgage loan modification.
Do not assume you aren't qualified for loan modification just because you are not currently delinquent on your loan payments or conventional loan payments. The loan modification process is complex. Your lender may also give you misinformation to stall the process. It is usually not to your lender's benefit if they lower the principle or fix your variable interest rate. It's also not likely that your mortgage company will wave negatively accrued interest either. Our loan modification attorneys can help protect your rights and help generate the best possible outcome in your support.
Loan Modification Defined
Unlike a foreclosure or bankruptcy, a home loan modification is much like a mortgage refinance since the objective is to find you a more affordable mortgage payment for your financial situation. It is also known as a modified refinance. The key difference is that rather than trying to find a "new" loan you will just simply "modify" the terms of your existing mortgage with your current lender.
Your loan modification might include:
- Fixed Interest Rate
- Reduced Monthly Payment
- Lower Interest Rate
- Lower Principle
- Waived Negative Interest
There are many options when it comes to loan modifications your lender may not be telling you about. Allow our experienced team to represent your best interest and get the best settlement possible in your favor.