Home Loan Modification Information
Exploring Your Options
Has your mortgage rate adjusted, or have you suffered a loss of income recently? if so, you may be struggling to keep up with your mortgage payments
A loan modification can restructure your mortgage by changing the terms and conditions of your loan. Both your principal balance and your interest rate may be reduced. We can help you explore several types of loan modification plans to avoid default and foreclosure.
During the process, we will not be looking for a better mortgage for you; we will be reaching an agreement with the lender on your existing loan. This arrangement can reduce monthly payments and help you avoid foreclosure.
Benefits to Modifying Your Mortgage Loan
If you modify your loan, you can:
- Extend the term of the loan
- Lower the interest
- Reduce the principal amount
- Afford the payment and avoid foreclosure
- Roll past-due amounts into the loan
A loan modification lawyer at the Law Offices of Matthew T. Foley, PLC, can review your current situation. He will work closely with you to come up with a mortgage modification plan that suits your needs.
Hiring a Tucson Attorney to Assist in Your Loan Modification
Hiring a lawyer with powerful negotiating skills can greatly increase your chances of obtaining an affordable and rapid loan modification from your bank or lender.
We invite you to come to our office in Tucson to talk to a lawyer about loan modification. The modification can significantly lower your payments and avert foreclosure.