A Loan Modification is a permanent change in one or more of the terms of a homeowner’s existing loan.  It is a long-term solution for borrowers who are facing foreclosure or are otherwise having trouble repaying their existing loan. Loan modifications typically involve a reduction in the interest rate on the loan, which can result in a drastically reduced monthly mortgage payment.  In addition, a loan modification can involve an extension of the length of the term of the loan, a different type of loan or any combination of the three.

HOWARD | NASSIRI, LLP. aggressively negotiates on behalf of its clients to obtain loan modifications that result in lower mortgage payments so our clients can afford to stay in their homes and avoid the foreclosure process.  We are routinely successful at getting rid of unwanted adjusted rate and negative amortization loan features as well. 

Due to the recent surge in foreclosures nationwide, lenders are now more open than ever to modifying a loan because the cost of doing so is less than the cost of foreclosure.  A loan modification can often make the difference between saving and losing your home.

If the interest rate on your adjustable rate mortgage is about to increase or you are in default on your mortgage payments, please contact HOWARD | NASSIRI, LLP for afree consultation. Act now to save your home: do not wait until your monthly payments are unaffordable. The earlier you get started, the better your chances are of negotiating a better interest rate and a payment that you can manage.