Discover how loan modification can help you avoid foreclosure, understand government programs available, and learn the steps to apply effectively.

May 30, 2024 Add as a preferred source on Google Add as a preferred source on Google If you're struggling to make your monthly mortgage payments due to financial hardship, a loan modification could ...

I have been inundated with letters from borrowers who, for any number of reasons, can no longer afford their mortgage payment, although they could afford a lower payment. They want help getting their ...

With mortgage interest rates falling, homeowners are hunting for ways to cut their monthly payments. Refinancing remains hugely popular, but a lesser-used hack could also save you hundreds each month: ...

If you’re seeking more affordable mortgage payments, a loan modification or a refinance could both help. Loan modifications ...

A mortgage loan modification can offer an opportunity for borrowers to get their monthly payment on their mortgage reduced to an amount they can afford. A mortgage loan modification may extend the ...

Although not yet adopted by any state, the Uniform Mortgage Modification Act aims to clarify and simplify the law governing mortgage modifications by creating brightline safe harbors for common ...

The average American spends roughly 33% of their budget on housing costs, according to the Bureau of Labor Statistics.

The Obama administration wants to spend up to $100 billion on efforts to help homeowners, especially those facing foreclosure. But one of the leading ideas on how to do that — rewriting home loans to ...

Loan modifications are a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term ...