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What is loan modifacation?

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Anonymous

13y ago
Updated: 8/20/2019

Loan modification is when your loan gets changed in a way, usually in terms of a change in interest rate.

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Wiki User

13y ago

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Related Questions

What is modifacation?

Loan modification is when your loan gets changed in a way, usually in terms of a change in interest rate.


What is the difference between human adaptation and modification?

adaption= get used to modifacation=to change


Behind on both 1st and 2nd mortgage due to layoff thought you were going thur a modifacation but your mortgage co has transferred your smaller loan to a collection co out of no where your loan has bee?

When pursuing a mortgage loan modification...be persistent and patient with the loan modification application process..you need to pursue the mortgage company and document every point of contact with them including good hardship letters for loan modifications. Keep the documents that you can prove that you have been proactive in trying to work out a solution other than foreclosure. There is help out there and we try to inform homeowners the best options they have.


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Why do you divide your country in five regions?

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What are opinions on Hope Now Custom Modifacation?

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What is the ratio of loan balance to loan amount for this particular loan?

The ratio of loan balance to loan amount for this specific loan is 0.75.


How long after the borrowers death is the co signer liable on a loan?

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What Is The Part Of Speech For Loan?

A loan is a noun ex: The loan from the bank was helpful. To loan is a verb: I had to loan my phone charger to a friend.