Glendale Loan Modification Lawyer

What Is Loan Modification?

When you do a loan modification, you are changing the terms of the original mortgage for the purpose of lowering your mortgage payments and making them more affordable. Changes can be made to the interest rate, term or monthly payment amount of the loan.

An experienced Glendale bankruptcy attorney from RJB Law Offices can help you to better understand what a loan modification is and how it may be an option if you are having difficulty making your monthly mortgage payment. Our highly capable legal team is extremely well versed in the legal aspect of mortgage documents and can help you understand your legal rights under your loan agreement.

Is Loan Modification Right for Me?

There are a number of reasons for you to consider modifying the loan on your home. The number one reason that homeowners modify their home loans is because they have fallen behind on making their mortgage payment and may be in danger of foreclosure. Another reason may be that they have experienced a life situation, such as an illness, and need to lower mortgage payments so they are better able to manage their medical bills.

Before calling your lender about a possible loan modification, it is important for you to understand the process, initial questions to ask when calling, what lenders normally look at when reviewing a loan modification request, and what to expect once your application is submitted. It is also important for you to know and understand what options may be available to you should your loan modification be denied.

Loan modification may be an option if:

  • You have an ARM (Adjustable Rate Mortgage)
  • You have a fixed rate mortgage with a high interest rate
  • You are having problems refinancing your loan
  • You are experiencing a financial hardship
  • You are currently in foreclosure or want to prevent foreclosure
  • You do not have any equity in your home
  • You will have difficulty making your current mortgage payment
  • Your mortgage is higher than the current value of your home

Meeting with an attorney experienced in loan modification may help you to reduce the stress and worry you may be experiencing related to your mortgage difficulties.

Contact a Glendale loan modification attorney today for advice on how to modify your mortgage.

Glendale Bankruptcy Attorney

Office Location:

RJB Law Offices
Glendale Bankruptcy Attorney
100 N. Brand Blvd.,
2nd Floor,

Glendale, CA 91203
Local Phone: 626.642.9567
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888.256.8581

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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.