gail simmons familyI'm Gail Simmons with my husband Hank and our children.

Welcome to our site for straight information on getting your loan modification approval.

Hank and I decided to create this blog as a resource to other homeowners wanting to modify their home loan in the shortest amount of time and without getting taken for thousands of dollars by scammers.
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Posts Tagged ‘ principal write down ’

Study reveals most successful loan modifications reduce principal

24/02/2010
By gailsimmons
Study reveals most successful loan modifications reduce principal

Federal Reserve Bank of NY Study reveals most successful mortgage modifications reduce principal Borrowers who receive loan modifications that reduce loan balances and not simply interest rates are far less likely to re-default on their loans, according to a new study from the Federal Reserve Bank of New York. While modifications that reduce monthly payments are...
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