Loan Modification

A loan modification is a process of permanently changing your existing mortgage so it's easier to manage. The goal of a loan modification is to reduce your monthly payments to an affordable level, helping  you stay up to date on the loan and in your home. Lenders allow borrowers to modify loans because the alternative - default and foreclosure - are more costly to their business. In other words, they don't want the house, but they do want the loan repaid. 

HSP's loan modification specialists serve as your authorized representative working directly with your loan servicer. We work on your behalf to navigate the complex and extensive loan modification process.