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Quick Tip: What is A Loan Modification? A modification to an existing loan made by a lender in response to a borrower's long-term inability to repay the loan. Loan modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default

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Alva Financial Group
1575 Pine Ridge Rd. Suite 11
Naples, FL 34109
Phone: (239) 595-0755
Fax: (239) 566-9722

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