
Modification of a borrower's interest rate is a common occurrence in a loan modification. Many borrower's have secured Interest Only and Adjustable Rate Mortgages which increase substantially at some point in time thus making the borrower's mortgage payment beyond the borrower's means.
By modifying the interest rate you negotiate with your lender to lower the interest rate on your loan for a specified period of time which could possibly be throughout the duration of the loan. Our team of loan modification specialists will work closer with your lender and the lender's investor to secure the lowest rate possible for your interest rate. If your interest rate is currently over 6% then an interest rate reduction could be a possibility for you and could potentially cut your monthly mortgage payments in half or more.
Contact us today for a free consultation by a loan modification specialist to see if you qualify for a loan modification (888) 459-0434.