Shawn Orcutt's blog Skip to main content

You are here

Shawn Orcutt's blog

What Is A Home Loan Modification?

Loan Modification Law Offices of John T. Orcutt


What is a home loan modification?


Foreclosure is a costly process for lenders, so many are willing to consider loan modification as a way to avoid doing so.


A loan modification is different from refinancing your mortgage.  Refinancing calls for replacing the  loan with a new mortgage, whereas a loan modification changes the terms of the existing loan.


Do Your Credit Reports Have Errors?

Check Your Credit Report


Negative errors

For rebuilding credit I place a lot of emphasis on adding positives to your credit reports (new, “paid on time” entries).  There are negatives on your reports too, but over time they have less and less effect on your score.  This is assuming all of the negative items on your report are correct, or even yours.  Yes, there is a very real possibility of mistakes.



Subscribe to RSS - Shawn Orcutt's blog