60 Minute Loan Modification Review - Is It True?
Welcome to my 60 Minute Loan Modification review!
Loan modifications are nothing new, and have been done ever since the beginning of real estate financing. A loan modification is simply taking the existing agreement, and modifying it to the satisfaction of both parties. The loan modification can be anything under the sun - including changing the payment, terms, interest rate, forgiving some of the payments, moving them to the back end of the loan, increasing the loan amount - or even getting rid of some of the loan itself!
Loan modification companies have sprung up all over the country, and homeowners facing foreclosure are especially vulnerable to some of their high-pressure tactics. If you are facing foreclosure, having a hard time making your payments or are upside-down in the value of your home, a loan modification could be for you.