Elena Cachia asked: Home Loan modifications were made to make the housing payment more manageable, generally by lessening the interest rate, prolonging the loan term and, rarely, by reducing the loan balance. Do not confuse it with a normal refinance mortgage, which pays in full the existing mortgage with a new home loan, but it [...]
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Tags: Abel, Bank Of America, Citibank, Home Owners Association, Junior Liens, Mortgage Plan, Mortgage Terms, New Home Loan, Owner Occupant, Second Mortgage
