Restructure & Modification of a Mortgage

how to restructure a mortgage

A mortgage restructuring can help you rebuild your finances.

Reasons to Restructure

Agressive borrowing against your home's value is a common cause for loan restructuring. Job loss, divorce or increased expenses also lead many borrowers to default. When you owe more on your home than it is worth and have the income or means to afford a reduced payment, your lender might consider restructuring your loan to reduce the loan balance, lower the interest rate or spread payments out over a longer term. Modifying loans allows lenders to avoid the expense and legal hassle of foreclosure.

Modification Program Profiles



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