Loan Modification in Pennsylvania
Are you concerned about your ability to make your monthly mortgage payments? Or do you own a home that's worth substantially less than the value of your loan? There are legal options available that can help you remain in your home and even bring your mortgage in line with the appraised value of your home. A Pennsylvania mortgage modification lawyer can help you determine if a loan modification is right for you.
What Is a Loan Modification?
When you modify your mortgage, you're changing some element of the loan in an effort to reduce your monthly payments. You may be able to modify the:
- Interest rate
- Length of the loan
- Total amount of money owed
Some lenders may also allow you to temporarily suspend your mortgage payments.
A loan modification is ideal for homeowners who are struggling to make their mortgage payments because they're unemployed, have taken a new job at a lower salary, or have incurred extraordinary financial expenses due to illness or divorce. It's also right for homeowners who are locked into usually high interest rates but can't qualify for a loan refi, as well as those homeowners whose homes have fallen in value since it was purchased.
How Can a Pennsylvania Mortgage Modification Attorney Help You?
You're not required to work with a Pennsylvania loan modification lawyer, but there are a few reasons to do so.
A Pennsylvania loan modification attorney will also have the knowledge and skills to analyze your finances, review the mortgage modification proposal and help ensure that you don't fall victim to a loan modification scam.
Finally, when you sign a loan modification agreement, you're signing a legally binding contract. As with any contract, you'll want to have your lawyer review it before you sign.
Find & Hire a Pennsylvania Loan Modification Lawyer
If you're ready to solve your mortgage problems, now is the time to hire Pennsylvania mortgage modification lawyers—and Attorneys.com can help you through the process. Our free service can quickly connect you with experienced mortgage modification attorneys across the state, from Pennsylvania to Pittsburgh, from Erie to Scranton and everywhere in between.
To get started, call us at 877-913-7222. Or, complete the short form on this page. After answering a few simple questions, we'll match you with a local Pennsylvania loan modification attorney.