View Refinance Versus Loan Modification Images
View Refinance Versus Loan Modification
Images. If you refinance your home, you're replacing your old mortgage with a new one, whether to take advantage of lower interest rates or to reduce your monthly. Is it better to refinance or get a loan modification?
The banks are not denying you based on your income…remember:
Finally, you should call your mortgage servicer or lender and ask about the home affordable refinance or loan modification application process, and what your options are under the program. You are much better off refinancing your loans. If you refinance your home, you're replacing your old mortgage with a new one, whether to take advantage of lower interest rates or to reduce your monthly. Getting a mortgage loan modification could mean extending the length of your term if your lender or servicer doesn't have a program of its own, ask if you are eligible for any other assistance programs that can help you modify or even refinance your mortgage.