“I can’t make my payments, but I’ve had problems dealing with my lender. I’d like to get a loan modification. Can I get it from another lender?”
Answer:
By definition, a loan modification is when your existing lender changes the terms of your loan.
If you go to another lender, that would be a refinance. And often (but not always) a homeowner who needs a loan modification is in some trouble and won’t qualify for a refinance with another lender.
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