Loan Modification in Maine
If you're locked into high mortgage payments and can't refinance, you may have another option. If your lender agrees to a mortgage modification, you could lower your loan payments. Talk to an experienced Maine mortgage modification attorney to find out if you're a good candidate for a loan modification.
Things to Know Before Hiring a Maine Mortgage Modification Lawyer
Before hiring a Maine loan modification attorney, here are some important things to know:
- When a lender modifies a loan, it's usually either lowering the loan's interest rate, extending the length of the loan or forgiving some of the loan's principal.
- Loan modifications aren't just for homeowners who are facing foreclosure. You may be a good candidate if you're locked into a loan with a high interest rate, but can't refinance. Owners of homes that are "under water," or worth less than the mortgage balance, are also good candidates. Finally, you may qualify for a loan modification if your income has dropped and you're struggling to make your monthly payments.
- Don't be conned by people who guarantee to modify your mortgage or rescue you from foreclosure. Loan modification scams are commonplace. Maine loan modification lawyers won't make promises or guarantees that they can't keep—but con artists will make such promises.
Find & Hire Maine Loan Modification Attorneys
If you're ready to fix your housing woes, then your next step is to hire a Maine loan modification lawyer—and Attorneys.com can help. Call us at 877-913-7222 or complete the form on this page to use our free service, which will quickly match you with Maine mortgage modification attorneys in your area.