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Loan Modification may allow you the opportunity to: 1. Change adjustable interest rate to a fixed interest rate Eliminating any additional payment increases on adjustable rate loans 2. Reduce current interest rate to a lower fixed interest rate Reduce the rate of interest currently charged to (as low as 2%) 3. Reduce balance of the principal amount of the loan Decrease the mortgage balance to current property value or less 4. Freeze adjustable interest rate CAPS on adjustable loans Reduce current interest rate and set maximum adjustable rate increases 5. Stop upward adjustment of adjustable interest rate Lock or eliminate rate increases at scheduled adjustment dates 6. Arrange delinquent payment amounts to be added to the end of loan Catch up back payments by adding delinquent amounts to the end of loan 7. Allow back payment amounts to be added to a longer loan term Renegotiate term of the loan to extend the amortization period final due date 8. Delinquent payments to be accepted in an alternative payment plan Set partial payment arrangements to allow you to get current a little at a time 9. Eliminate or reduce the delinquent payment amounts Allows you a fresh start on payments with out depleting savings 10. Negotiate a discounted loan pay-off or, arrange forbearance agreement Discount the mortgage pay off to current market value (Short Sale) or, Arrange a short term payment plan so over time you can get mortgage current
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