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curtailment : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

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What Is A Mortgage Modification?

A mortgage is actually a contract between a borrower and a lender. The borrower gets cash up front and the lender gets back the loan amount plus interest over time under terms and conditions established in advance.
There are times though when either the borrower or the lender will seek a mortgage modification, a change in [...]

16Feb2010 | Peter G. Miller | 0 comments | Continued