Criteria You Should Know to Qualify For a Wachovia Loan Modification

The Wachovia loan modification plan has been established in answer to the rise in the number of borrowers falling into arrears on their loans and mortgages. Most borrowers who have ARMs from Wachovia are struggling to pay them after time with the unpredictable and inflating rates of interest. Wachovia Loan Modification aims to solve this issue. They achieve this largely by converting the ARMs (adjustable rate mortgages) into fixed rate loans with a good interest rate, thus making the monthly repayment affordable for the borrower.