Loan modification
Definition
A change in the terms of a loan, usually the interest rate and/or term, in response to the borrower's inability to make the payments under the existing term
Related Terms Other terms related to 'Loan modification' starting with the letter 'L' Lender, Loan flipping, Lock period, Loan discount fee, Loan officer Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 