Loan modifications are another set of documents commonly thought of in the context of real estate. But, it is when a lender and a borrower come to a new agreement modifying the existing loan.
Some things a loan modification may cover:
- Change in interest rate
- Change in length of the loan
- Change to principal
They are predominantly performed for secured debts, but may also be used for unsecured debts.
If you are looking for someone to perform your loan modification signings, Sunshine has a vast mobile and virtual network of experienced notaries.
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