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Loan Modification

When a lender agrees to modify the terms of the original mortgage note.  This can include reduction of interest rate, a change in the loan amortization schedule or reduction in the loan amout. 


Loan modifications are often critical to helping a family stay in there homes.  Banks and the federal government are continually developing loan modification policies and procedures to make it easier to modify an existing customers loan.


Next >> VA Modification / Refunding
 
 
 























All Information Copyright NLMAA 2008.  The NLMAA is an LLC based professional association serving those in the loan modification industry.  We provide information and resources to loan modification and foreclosure prevention specialists.  The National Loan Modification Association and the NLMAA are programs of Lead Contact Solutions, LLC.  Although we are trying to develop a solid professional community, we are not a "non-for-profit" organization. 
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