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For those who are intent on keeping their homes, the programs have become a major means of achieving it. Loan modifications are aimed at creating more affordable mortgage payments, but these programs can often be very difficult to qualify for because of an incredibly complicated application process.
How to Handle the Bank's Loan Modifications
One of the problems is that banks often make the application process too complicated. In fact, research shows that it is actually easier for most, if not all people qualify for mortgages in the first place than it is for them to qualify for a loan modification. There is something wrong with this picture. Many experts believe that banks simply do not have the infrastructure needed to process large amounts of loan modification program. Then of course there is always the possibility that banks deliberately giving people the run-around.
