Loan Modification Lawyer
If you're thinking about a loan modification to keep your home, you need an aggressive loan modification attorney. Regardless of what lenders say, very few do anything to help a struggling homeowner. You can't afford to take any risks. You want the loan modification attorneys at Thomas K. McKnight if you're depending upon your home loan modification.
Don't assume you aren't qualified for loan modification just because you are not currently overdue on your loan payments or conventional loan payments. The loan modification process is complicated. Your lender might also give you false information in order to delay the process. It is generally not to your lender's advantage if they reduce 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 lawyers can help defend your rights and help produce the best possible outcome in your support.
Loan Modification Defined
Unlike a foreclosure or bankruptcy, a home loan modification is similar to a mortgage refinance since the objective is to find you a more affordable mortgage payment for your financial situation. It is also referred to as a modified refinance. The main 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 might include:
- Fixed Interest Rate
- Lower Monthly Payment
- Reduced Interest Rate
- Reduced Principle
- Waived Negative Interest
There are many options when it pertains to loan modifications your lender might not be telling you about. Allow our skilled team to represent your best interest and get the best settlement possible in your favor.