Loan Modification Lawyer
If you're considering a loan modification to keep your home, you need a tough loan modification lawyer. Regardless of 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 attorneys at Thomas K. McKnight if you're depending upon your mortgage loan modification.
Don't 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 provide you misinformation in order to delay the process. It is typically not to your lender's benefit if they lower 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 lawyers can help protect your rights and help generate the best possible results in your favor.
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 referred to as a modified refinance. The main 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 may include:
- Fixed Interest Rate
- Lower Monthly Payment
- Reduced Interest Rate
- Reduced 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 obtain the best settlement possible in your favor.
For more information about a Loan Modification Lawyer in Santa Ana, California, contact Thomas K. McKnight LLP at (800) 466-7507 or visit our website at TKMLLP.Com for a free consultation!