Image by Getty Images via Daylife Mortgage loan modification, the changing of terms on an existing home loan, is becoming a well-known practice as the US housing market continues to crater. Borrowers who find themselves underwater on their mortgage – owing more than the property is currently worth – and facing a rising monthly mortgage […]
Loan Modification 101 – The Basics
April 12th, 2009 · Comments Off on Loan Modification 101 – The Basics
Tags: Economy · Mortgage Lending