Now Is The Time to Apply For a Loan Modification

We have been flooded with questions about loan modifications, so we are publishing a Loan Modification Series to Loan modifications have been around for a while, but in 2020, they are a homeowner’s best friend.

Here’s why:

Loan modifications are good for both the bank and the homeowner.

The bank lent you money because you qualified for that loan. If banks wanted to be property owners, they would form companies to own properties. Most of the time, the bank doesn’t actually want your house — it wants the interest on the loan you took out. So when COVID-19 prevented hardworking homeowners from being able to make mortgage payments, the banks understood, and that’s why now is the best time to apply for a loan modification. The banks want you to become current on your mortgage payments, and they are currently devoting all of their resources to help with that.

Want to know more? You can book a free consultation. Even if you already applied for a loan modification on your own, we can still help you. You can also stay tuned to this page, where we will share our insights gained from over fifteen years on the bank side. You can also request a free loan modification guide.