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To decrease the payment amount, a modification usually involves lowering the interest rate and extending the term of the loan.
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A loan modification might reduce your monthly payments and prevent a foreclosure. Program you must complete the rma (request for modification and affidavit) and the irs. Nationstar mortgage, which operates under the brand mr. Nationstar mortgage, llc became mr. Though the terms of your modification are up to the lender, the outcome is lower, more affordable monthly mortgage.
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Sent loan modification application in a month ago and i keep having to resend it and haven't heard back.
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