does nationstar do principal reductions
If you are facing a long-term hardship, a loan modification may be a good option to help get you back on track. With a modification, you may be able to temporarily or permanently change the terms of your loan.An affordable payment may be achieved by interest rate reduction, term extension, and forbearing or forgiving a portion of your principal balance.Nationstar offers a variety of modification options to suit your needs, including government and private programs for those who qualify.. Your home equity account is a second lien mortgage. This means that your home equity loan or home. equity line of credit is the second loan against the value of your home. 5. You are in good standing on your modified first mortgage payments.