A Loan Modification (Loan Mod) is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.

For consumers that are struggling current on their mortgage, loan modification can be an option. Renaissance Debt Solutions will review your current loan, and review loan docs to ensure there are no RESPA violations, which can be helpful in negotiating a modification to an existing loan.

Consider loan modification if you are potentially facing foreclosure, or are unable to continue making on-time payments because of financial hardship.