subject: Loan Modification Help : Let's Be Serious Now [print this page] The loan modification companies charge quite a few hundreds of dollars as the initial admin fee' in setting up your account. Well, they also charge a monthly service fee which usually varies and largely depends on the professionalism of the company and on your amount of debt. And the shoddy settlement companies (which are there a lot) won't tell you anything upfront they simply don't make you aware of the whole debt negotiation process and how it works! So research well prior selecting the loan modification company. One such company is the Massachusetts Loan Modification Center, which has only one core mission, and that is to help you save money on your residential or commercial mortgage payments by favorably adjusting, or "modifying" your interest rate, your principal balance, the length of your loan or by forgiveness of past due amounts, late fees and collection costs.
