Loan Modification - the main purpose

Best Option - Loan Modification

Loan modification is a great option for the homeowner that is facing home foreclosure. It can indeed save your home and get you into a mortgage agreement that is more affordable.

Main Purpose of a Loan Modification

The loan modification package is for providing the lender with sufficient documentation in order to allow them to evaluate the risk of modifying your mortgage. The question that your lender wants to answwer is about your ability and willingness to pay the new modified mortgage payment.