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How to talk/negotiate with your lender/bank

As a homeowner, you have the ability to negotiate with your lender successfully if you are armed with the proper loan modification information and guidance. Many homeowners are now opting to contact their lender and represent themselves instead of having a third party such as a “loan modification company” that may or may not be successful not to mention the fraudulent companies who are ripping off homeowners every day. The money you waste with them could go towards your mortgage payment.

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Free Do It Yourself Loan Modification 
Tips & Information

A Loan Modification Agreement modifies the terms of your home loan, normally by lowering the minimum payment to something more manageable for the homeowner.

Remember that your lender usually DOES NOT want to acquire your home through a foreclosure so you have no reason to hesitate to contact your lender when you foresee mortgage trouble on you horizon or you start to fall behind. Anytime you find yourself facing hardship you should contact your lender and ask for help. Your modification terms might be temporary or for an extended period of time, but in any case your lender is extending you a courtesy because it is usually in their best interest.

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