A loan modification, otherwise known as mortgage modification, mortgage loan modification, or home loan modification is the process of modifying your existing loan to make your payments more affordable. The purpose of a loan modification is to provide you with a mortgage payment you can afford based on your financial situation. It's actually very similar to a mortgage refinance but instead of finding a new mortgage that you can afford, this just modifies your current mortgage into something you can fit into your budget.
There are a number of benefits associated with a loan modification. Some of the benefits that may be available to you are:
•Lower your monthly payments •Lower your interest rate •Fix your adjustable rate •Reduce your loan balance •Waive negatively accrued interest •Grant extensions on payments •Re-amortize loan to include past due payments •SAVE YOUR HOME
Why Should I Use A Loan Modification Attorney?
Our firm will review your case from a legal perspective. The attorney will know how to deal with your lender and assert all of your legal defenses.
Our firm can help you get the best results from your lender. Your lender may take your loan modification request more seriously when you have an attorney on your side instead of a loan modification company, because we use legal defenses as leverage when negotiating with your lender.
If you try to get a loan modification on your own or through a loan modification company, your account may be transferred from one department to another without making any progress. And if you already are in foreclosure, you can't afford to waste anymore time. Our firm can handle you loan modification application and any foreclosure proceedings, giving you more time to recover while we concentrate on saving your home.
Loan modification does not happen overnight, but if you use our firm, you can be sure that we are going to give you the best possible service and every advantage when negotiating with your lender. We have flexible payment options available to fit almost every financial situation.
The Leshin Law Firm serves clients throughout Miami-Dade, Broward and Palm Beach counties. Call us today for a FREE no obligation consultation at (954) 941-9711, or simply CLICK HERE to provide your contact information and our dedicated staff will contact you.