Providence Loan Modification Attorney
Pawtucket Mortgage Payment Adjustment Lawyer
Facing late notices, penalties and calls from your lender when you are behind on your mortgage can be extremely stressful and upsetting. If you are behind more than 3 or 4 months on your payments, you will begin to see legal notices that could result in a foreclosure. If you need assistance in lowering your monthly payments, the loan modification attorneys at BK Law Group PC can help you to legally change the terms of your loan with your lender.
A loan modification is a procedure whereby you apply to your lender for a change in terms on your loan due to a hardship you are experiencing that prevents you from being able to keep your monthly mortgage payment current. Most lenders have Loss Mitigation departments that handle these procedures, however you must know the ins and outs of the mortgage industry in order to navigate their complex system. A loan modification could include the following changes that can help you lower your monthly payment and remain in your home:
- Lower your interest rate
- Lengthen the term of your loan in order to lower your payment
- Reduce your principal balance owed
- Eliminate late penalties and fees
- Restructure your loan to add past due amounts to the end of your loan term
How an Attleboro and Providence Loan Modification Lawyer Can Help
Attorney Balser has been assisting homeowners with their Loan Modification needs through out Massachusetts and Rhode Island for over 20 years. Because of the enormous amount of homeowners who need assistance with their mortgages, it is necessary to have an experienced loan modification lawyer to aggressively pursue your modification. Too many find they are turned down for their loan mod because paperwork was not filled out correctly or they just did not know their legal rights. Our office will work hard to stop any foreclosure proceedings while we negotiate your modification with terms that you will be able to afford.
Need more information on a loan modification, contact Massachusetts and Rhode Island Loan Modification Attorney Gail Balser to assist you in modifying your home loan.