Welcome to McLeod & Associates!
McLeod & Associates is dedicated to providing top-notch real estate services to all those who seek them in the Southern California areas.
Main Office
2550 E. Amar Rd., Ste. A-1F
West Covina, CA 91792
(626) 964-1661
(626) 608-0438 fax
Loan Modifications
Things to know
A Loan Modification is a negotiation between a lender and borrower that results in terms of the existing loan being restructured without refinancing. The rate and terms of your loan are restructured to fit your current financial situation.
A Loan Modification is a good solution if you cannot refinance, are behind on your payments or struggling to make your payments, have experienced genuine hardship, and you want to stay in your home.
Obtaining a Loan Modification is the least damaging to your credit compared with a Short Sale or a foreclosure.
Lenders do not want to foreclose on your home, unless you have no other alternative. If you can present them with a realistic professional proposal that makes sense, they are very open and receptive to the Loan Modification process.