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Loan Modification Should Not Affect Second Mortgages – Government

25 May, 2009 (13:43) | Loans | 3 comments

Loan Modification is the process of modifying the current terms of Loan or Mortgage so as to bring the interest rates down so as to save the American Homeowners from foreclosures. How ever according to some news reports it was feared that modified loans can greatly lower the credit scores, affecting the chances for taking [...]