An interest rate modification helps you stay-in your residence and avoid foreclosures of the reorganizing the new terms of your mortgage. As a result, generally speaking a lowered, much more in balance payment per month. If you find yourself a mortgage modification will be helpful to you once the a borrower, their bank will normally benefit from the arrangement too. In the Newland & Newland, LLP, we can help you discuss an interest rate modification that suits your position and you will suppresses the lender off bringing undue advantageous asset of the problem. (more…)