What Is Loan Modification - Presentation Transcript
Loan Modifications Total Credit Solutions LLC
What is a loan Modification? The process of re-structuring or altering one or more terms of the original mortgage loan to allow the loan to be re-instated, resulting in a payment the borrower can better afford. A procedure in which a loan's terms, such as the interest rate, monthly payment or term, are altered with the approval of a lender Total Credit Solutions LLC
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The process of re-structuring or altering one or mo more
The process of re-structuring or altering one or more terms of the original mortgage loan to allow the loan to be re-instated, resulting in a payment the borrower can better afford. less
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