Loan Modification Lawyer in Chicago
Avoid Foreclosure and Make Your Payment More Manageable
If you are having trouble paying your mortgage, one solution may be to negotiate a loan modification with your mortgage lender. In a loan modification, you and your lender agree to make a change to one or more of the loan terms in order to make the payments more manageable for you.
Avoid foreclosure and reduce your mortgage payment to a more manageable amount. Contact the attorneys at the Rogers Law Group to negotiate your Chicago loan modification.
Loan Modification in Chicago
A loan modification serves several purposes. In addition to changing one or more of the terms of the loan, loan modification allows the loan to be reinstated, and it usually results in a payment that the homeowner can more easily afford. It also can be used to remove a loan from foreclosure or bring the loan current.
Here are some circumstances in which loan modification may be the right choice for you:
- You want to stop or avoid foreclosure proceedings
- You have fallen behind on your mortgage payments
- You do not qualify for refinancing
- You need to lower your mortgage payment
- You owe more than your house is worth
Modification of the mortgage loan can take several forms:
- A lower interest rate
- A fixed interest rate
- An extension of the term of the loan
- The addition of missed payments to the balance of the loan
- A forebearance of some or all of the principal balance owed
Let the Rogers Law Group, LLC determine if a Chicago loan modification is the right choice for you.
Call 866-968-9125 for a Chicago loan modification or fill out our web form.