Most people are getting a loan-modification confused with short-refinance. A loan-modification is done with your current lender where they can modify the interest rate or the term of the loan. This can be done yourself. A short-refinance, on the other hand, reduces your principal balance, often fairly significant. This gets a bit more complicated and is best handled by someone who specializes in doing these. For more information go to
http:// www.short-refinance.com - Sat Jun 28 2008, 23:54