I would do some research on modifications before you do it. A Modification could show up negatively on your credit. It could be the best option for you too, I don't know your situation, I would just go in with open eyes.
If this is the case - call you current loan provider and ask if they would consider modifying your loan. This is cheaper to do than a refinance - and serves the same purpose.
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Licensed in Maryland, Virginia and Washington, D.C.
Assisting Homebuyer's and Seller's for 28 years