FAQ > Loan Modification FAQ's > Will every bank agree to a Loan Modification?
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The majority of lenders are reluctantly willing to negotiate a Loan Modification. The homeowner is asking for a reduction in payment, this costs the lender money and they will resist. There must be financial evidence that the homeowner cannot pay the entire loan amount with its present payment. Every situation is unique and we work to create a persuasive argument for loan modification to the bank making the chance of success as high as possible.
Last updated on May 12, 2009 by Administrator