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ZACHERY
Lengthening the term or reducing the interest I can see I know of no banks that reduce the amount due.
JACKIE
Any bank/lender would be willing to negotiate a modification of a mortgage loan instead of going through a foreclosure and taking back a dead asset that.
So I agree with the person you are working with. It might require for you to complete a little paper work on your part to back up your case as to why you want the modification to your mortgage loan. That is what most people find difficult, the paper work.
Don’t get over whealmed by it all. If there are things you don’t understand by all means call and ask your lender. They are most willing to help.
I hope this has been of some use to you, good luck.
“FIGHT ON”