Loan Modification
Loan Modification
Helping Homeowners Understand Their Options
A loan modification is a process where a homeowner requests changes to the original mortgage terms in order to make the payment more manageable based on their current financial situation.
A modification may include options such as adjusting the interest rate, extending the loan term, adding missed payments to the loan balance, or reviewing other available solutions offered by the lender.
You may need to consider a loan modification if you:
- Are experiencing financial hardship
- Have fallen behind on your mortgage payments
- Are at risk of falling behind
- Have a payment that has become difficult to afford
- Want to explore options to stay in your home
A loan modification is not guaranteed and must be reviewed and approved by the lender or loan servicer. Each situation is different.
At The Assistance Group, we help homeowners understand the process, organize basic information, and review possible options before making important decisions.
Schedule a Free Consultation
If you are struggling with your mortgage payment or want to understand your options, contact The Assistance Group today for a free consultation.
Carlo Bustamante Real Estate Broker The Assistance Group Phone: 833-449-6999 Email: carlo27@earthlink.net
Serving Los Angeles County and Southern California.
