Loan Modification After Forbearance. Is this a good idea? Loan Modifications Pros and Cons
End of forbearance is coming and many homeowners are being offered loan modification. However, is a loan modification after forbearance even a good idea? Like everything in life there are loan modifications pros and cons. Attorney Diego G. Mendez, Esq. Miami, FL goes over the facts about mortgage modifications and loan modifications. There are many loan mortgage modification tips out there, but they don't discuss whether or not a loan modification is even a good idea. We will discuss this question in depth. 00:00 Introduction 03:31 Loan Modification vs Refinance 05:41 Do You Qualify for a Loan Modification? 06:46 Why Do You Want a Loan Modification? 07:51 Are You OK With Paying More Interest? 08:45 Consider Your Credit 09:21 Bottom Line: Are Loan Modifications Worth It?
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