Should You Pay Thousands of Dollars to get a Mortgage Rate Modification?

Maybe…You are not required to pay to get a loan work-out but, most mortgage lenders do not require borrowers to pay for a mortgage modification agreement. However, loan modifications can be complicated and most loan work-outs take 3-4 months to complete. Most lenders have not invested the build the staff needed to keep up with the demand of funding loss mitigation departments during this foreclosure crisis. Paying a law office or loan modification company a few thousand dollars to negotiate a new home loan with lowered interest rates that potentially could save you hundreds of dollars is a small price to pay for such a significant financial gain. Read Full Mortgage Relief Article > Loan Modification FAQ

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