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Saturday, October 16, 2010

Yamaha Star V-Max


Yamaha Star V-Max
A loan modification is either a temporary or permanent change to your current note or terms of your loan. Some banks will only perform a temporary modification lasting up to 18 months, however with the new HAMP program many lenders are participating and making permanent changes to the existing terms on your loan. So it is different than a refinance because you are not originating a new loan to replace the existing loan. The existing loan terms are modified by your current lender to meet your current circumstance.

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