Nancy Macias Morales, Happy Selling Realtor
Coldwell Banker Realty - Pearland Office
Loan Modification & Avoiding Foreclosure |
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What is Loan Modification? Whether it's called a loan modification, mortgage modification, restructuring, or workout plan, it's when a borrower who is facing great financial hardship, having difficulty making their mortgage payments and is facing foreclosure, works with their lender to change the terms of their mortgage loan to make it affordable. The workout plan varies by lender, but changes could include temporary or permanent changes to the mortgage rate, term and monthly payment of the loan, the past due amount could be rolled into the loan, and the new balance re-amortized. As always, please contact me; I can help you avoid foreclosure. Nancy Macias Morales Part of the Group of Pearland Realtors from Coldwell Banker United, Realtors |
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