Peter J Kim's Blog – April 2013 Archive (1)
Do Loan Modifications Actually Work?
Loan modifications are a popular option most homeowners turn to when they are struggling with mortgage payments. It isn’t a secret however that it hasn’t worked as well as we hoped. The idea of “modifying” your current loan to create a more affordable payment plan seems enticing but do these popular loan modification programs actually work? Let’s looks at the data.
Don’t get me wrong, loan modifications do work for certain homeowners. Statistically, it is not for the…
ContinueAdded by Peter J Kim on April 8, 2013 at 4:32am — 1 Comment
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