SHALABI Law

Loan Modifications​

 

Within our economy, several homeowners worry about being able to pay off their mortgage on time. With financial difficulties affecting many homeowners, loan modification can help secure your house against foreclosure.

 

A loan modification is a very effective tool to help you lower your payments and save your home.  A loan modification is an agreement made between the bank and the homeowner to change the terms of your loan to lower your monthly interest rate, monthly payment, and often times the amount left on your loan without having to refinance your mortgage.  The mortgage is negotiated to make it more affordable to fit your budget. 

 

Since not every homeowner qualifies for a loan modification, it is best to seek advice from an Attorney who practices in that area and is familiar with the eligibility process.  It’s always better to start the process of loan modification sooner rather than later.  Whether you are behind on payments, are in default, or dealing with foreclosure, our office can help you get started as soon as possible.  Our office is experienced in helping the you the homeowner and the bank reach an agreement to help you save your home.