Fentura Mortgage Modification Process
Fentura Mortgage is a Michigan based holding company that is associated with several community banks. Recent trends in the mortgage industry have led them to create a loan modification process for borrowers in distress. This process allows borrowers to renegotiate the terms of their loans with their lenders while delaying any foreclosure proceedings.
Borrowers will also need to prove current income and the ability to repay the mortgage should the loan modification be approved.The Fentura Mortgage modification can take several months to complete. It is advisable to continue making regular payments during the loan modification process.
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