Mortgage modification is a process where the terms of an existing mortgage are modified outside the original terms of the contract agreed to by the lender and borrower, due to missed mortgage payment, or and financial hardships. It may involve a reduction in the interest rate, an extension on your repayment period, a different type of loan, reduce your monthly payments to a more affordable one or any combination of the four.
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website for more information: https://www.unitedhousingsolut....ions.net/mortgage-re