Loan Modification Can Lower Your Monthly Mortgage Payment With A Willing Lender
Added July 2, 2009 by Ilyce R. Glink

The terms loan modification, streamline refinance and streamline mortgage are terms that sometimes get mixed up in use. For some borrowers, the idea of a streamline refinance or loan modification is a simple process to go from point A -- the current loan and interest rate -- to point B -- the same loan with a lower interest rate and lower monthly mortgage payment. In this process the homeowner expects that the fees will be low and well below going to a new lender to refinance the loan.
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