Loan Modification Lawyer
If you're thinking about a loan modification to keep your home, you need a tough loan modification attorney. Regardless of what lenders claim, 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 relying on your home loan modification.
Do not assume you aren't eligible 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 even give you misinformation to delay the process. It is usually not to your lender's advantage if they reduce the principle or fix your variable interest rate. It's also unlikely that your mortgage company will wave negatively accrued interest either. Our loan modification attorneys can help defend your rights and help produce the best possible results in your support.
Loan Modification Defined
Unlike a foreclosure or bankruptcy, a home loan modification is similar to a mortgage refinance in that the goal is to get you a more affordable mortgage payment for your financial situation. It is also called a modified refinance. The primary difference is that rather than looking for a "new" loan you will just simply "modify" the terms of your existing mortgage with your current lender.
Your loan modification may include:
- Fixed Interest Rate
- Lower Monthly Payment
- Lower Interest Rate
- Lower Principle
- Waived Negative Interest
There are many options when it involves loan modifications your lender may not be telling you about. Allow our skilled team to defend your best interest and acquire the best settlement possible in your favor.