I wish we could modify the terms of our home loan. We’re getting totally gouged by the interest rate. Unfortunately, we have our own bad credit history — and the predatory practices of lenders, who have a disconcerting habit of asking the most of people who can afford it the least — to thank, so I don’t know if there’s much we can do. I have heard about Home Loan Modification, but I’m not sure if we would qualify.
I suppose the best place to start, for me or for anyone who is interested in modifying the terms of their mortgage, is with a legal consulting group that specializes in home loan restructuring. American Residential Law Group is one of those groups. Basied in Florida, they specialize in the legal consultation and industry information that is necessary to lower your principal balance, lower your interest rate, extend the terms, or some combination of all three.
For more information, check out arlgnow.com.
