A Simple 5-Step Process
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Contact a We Fund Lending expert to have an initial conversation
Have our experts find suitable options, and you just select a loan
Complete your loan application
Submit your application for loan approval
Sign the papers to close the loan
Loan Modification
We Fund Lending
NMLS# 1869170
https://www.nmlsconsumeraccess.org/
Copyright © . We Fund Lending. All Rights Reserved.
877-909-3386

wefundlending@gmail.com

13023 100th Avenue NE, Kirkland, WA 98034
NAERB, LLC dba
Free Consultation
Get a free mortgage consultation to learn about the loans you qualify for.
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Apply for a loan with our easy process. We provide guidance throughout each step.
If you are behind on your payments, contact us for a loan modification to avoid foreclosure. Loan modification can involve the following or any combination of:
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  • A reduction in your monthly interest rate
  • An extension in the length of time for loan repayment
  • A forbearance or reduction in your principal balance
  • A different type of loan
    • Loan Modification Vs. Refinance
    Although both a loan modification and refinance result in savings through reduced monthly mortgage payments, their use cases are different.

    While a refinance is done to increase savings, a loan modification is a loss mitigation option to avoid foreclosure if you are behind on your monthly mortgage payments.

    To qualify for a loan modification, you would have to document an economic hardship and be behind on your payments. To qualify for a refinance, you would have to provide proof of enough money to make the new payments and be current on your payments.

    Different from a refinance, a loan modification doesn’t require proof of income or a high credit score.

    With approval from your lender, a loan modification can be used to change your monthly mortgage payments to an affordable amount.
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    The content provided is for informational purposes only and should not be interpreted as mortgage, tax, or investment advice. Although the content is deemed to be accurate, it is not guaranteed to have no errors.
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    Contact Us Today at 206-915-2399