Mortgage Modification
Mortgage Modification Representation
Need assistance modifying your original mortgage contract? Turn to Melody Derington Genson. We will negotiate on your behalf to modify terms of your mortgage to avoid foreclosure on your home.
What Is a Mortgage Modification?
A mortgage modification is a change in your original mortgage terms such as adjusting the payment amount, interest rate, and length of the loan. If you are facing a long-term hardship, ineligible to refinance, or are behind on your mortgage payments then a modification might be the best option for you.
Are There Benefits to a Mortgage Modification?
Mortgage modifications have some benefits such as resolving any delinquency status, reducing monthly payments, and avoiding foreclosure. Most mortgage modifications are also less damaging to your credit score than a foreclosure on your home. For more information about the benefits of mortgage modifications, call our office today at 941-365-5870.