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Loan Modifications Solve a Number of Problems | Loan Modifications | Refinance  vs Loan Modification

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Loan Modifications Solve a Number of Problems

Depending upon a number of factors, it is possible to accomplish any or a combination of the following:
Loan brought current by moving missed payments to the back 
Interest rate decreased substantially
Interest rate can be changed from an adjustable rate to a fixed rate
 Time the borrower has to pay the loan back can be lengthened
 In many cases, Reduce Your Loan Principal
Interest only loan may be converted to principal and interest  
Late fees and penalties can be waived
Collection calls stopped and comfortable communications with lender restored
No more late and missed payment reports to credit bureaus
 

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