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Can I Reduce The Principal Balance On My Mortgage?

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This is the first question many people ask. Banks don't like to do this! But we have been successful in reducing the principal balance for some of our clients. If you are able to make a mortgage payment, you should always do so, but you need to know that it is easier to negotiate the terms of your mortgage when you're behind on your mortgage than when you are current. When you are current on your mortgage, getting your lender to agree to any changes to your loan is more difficult. Once you're behind, the bank is more eager to negotiate.