December 1, 2022

The Difference Between Forbearance and Foreclosure

Forbearance Forbearance arrangements are really useful for homeowners who are having temporary financial difficulties such as loss of a job or illness. With forbearance, the homeowner expects that the...

April 23, 2021

Industry Terminology: Loan Modification

What is Loan Modification? Simply put, loan modification refers to any change or alteration that a lender makes to a loan. A loan modification could include a reduction in the interest rate, an increa...