Mortgage Loan Modification
Recently the term Mortgage Loan Modification started to become more and more popular. Everyone is talking about it now.
We created this site for you to keep updated on recent developments in reference to home loan modifications. If congress and senate sign new legislation and put in place programs that are supposed to help us homeowners, we will keep you up-to-date. We are putting together a collection of sources that can help you in case you are in need of modifying your loan, writing a hardship loan modification letter, or need to contact your lender. The navigation bar on your left will grow over time and offer you additional links. Take your time and browse the site to find what you are looking for, no matter if you want to 'do it yourself' or need assistance from a loan modification company.
What Is A Mortgage Loan Modification?
A loan modification is a restructured agreement between the borrower and mortgage lender with revised terms and interest rates. Mortgage loan modifications are long-term solutions for borrowers who are considering a foreclosure or bankruptcy. Banks typically agree to modify a mortgage note when they believe the borrower never has a chance repay the current loan with their existing circumstances. Mortgage loan modifications are primarily used as a tool to stop a looming foreclosure.
A large number of clients will find themselves using a Loan Modification Plan to stop foreclosure. If you can currently make your regular payment, but you can't catch up with the past-due amount, we will negotiate with your lender to fold any past-due amounts, including interest and escrow, into the unpaid principal balance. This new amount will be re-amortized over a new period of time.
Or, if you are unable to make payments at this rate, we will negotiate with your lender to extend your loan for a longer period of time, modifying the loan amount to a more affordable level.
In some cases if you are upside down on your mortgage the bank may reduce how much you owe on the the mortgage bringing your payments down and also your interest rate to a more affordable term. Most lenders are offering rates between 2% and 7.5% to get the mortgagee back on the right track of home ownership.
A Loan Modification will change your existing mortgage note and give you a fresh new start in managing your home. Your account will be brought up to date immediately.
Refer to the navigation bar on the left to read more about loan modification, sources of help, mortgage companies that can assist you as well as organizations that established help line and information resources for troubled homeowners.
Our section Refinance Mortgage gives you even more information in case you don't have a hardship and have general (or particular) interest to learn more about how to refinance mortgage loans.
In addition we have a whole section dedicated to FHA Loan Requirements, FHA Loan Rates, FHA Loan Limits, and current mortgage refinance rates. All important topic besides looking into home loan modification.
Our section 'Debt Related Topics' includes a large selection of tools and informative pages when it comes to debt relief and debt consolidation.
And last, but not least, the section 'Reverse Mortgage' gives you plenty of insights in reverse mortgage and what you need to know about it before you would consider it.
If you want information about anything that is not covered here, feel free to contact us and let us know. Enjoy your visit and come back often -- Thank you from loan-modification-tips.com
- Loan Modification News and Updates
- This Blog and our site were created for you to keep up-to-date on recent developments in reference to home loan modifications. We also give you updates on Mortgage News.
- Mortgage Refinancing Books - Check out these books about loan modification.
- Mortgage Refinancing Books - We have a large selection of real estate books, refinancing books, loan modification literature and more.
- Loan Modification Questions
- Loan Modification Questions? Are you having difficulty understanding the application process? Is your lender giving you unsatisfactory answers? Here, you can ask and get an answer (for free).
- First Time Homebuyer Tax Credit has been extended - Read here what that means
- First Time Homebuyer Tax Credit - Senate and Congress have approved the homebuyer tax credit extension. Read all the details on how you can take advantage when applying for a home loan mortgage.
- Mortgage Loan Modification - The ins and outs you need to know.
- Mortgage Loan Modification - The ins and outs you need to know when looking into home loan modification and mortgage refinance.
- DIY Loan Modification
- DIY Loan Modification - There is no need to pay an attorney work out a loan modification with your lender. You can do it yourself. Here is how.
- Hardship Letter | Hardship Loan Modification
- How to write a hardship letter to support the workout process with your lender.
- Hardship Loan Modification - The Ins and Outs to modify your loan
- Hardship Loan Modification - The Ins and Outs you need to know to modify your loan.
- Free Loan Modification - How to do a loan modification yourself
- Free Loan Modification - How to do a loan modification yourself, Get the right tips here.
- Loan Modification Agreement - what is it and what is important to know
- Loan Modification Agreement - what is it and what is important to know when you want to modify your home loan
- Loan Modification Attorney - Why Use a Loan Modification Attorney or Lawyer?
- Loan Modification Attorney - Why Use a Loan Modification Attorney or Lawyer?
- Loan Modification Companies - what to look for and how they work
- Loan Modification Companies - what to look for and how they work
- Loan Modification With Balloon Payment - Learn here what it is all about.
- Loan Modification With Balloon Payment - The majority of loan modification agreements contain a modification with balloon payment. We tell you what's important to know.
- Federal Loan Modification - a lifeline for struggeling homeowners?
- Federal Loan Modification - a lifeline for struggeling homeowners?
- Streamlined Modification Program - Affidavit of Financial Hardship
- Streamlined Modification Program - Affidavit of Financial Hardship
- Loan Modification Scams - How to recognize and avoid them.
- Loan Modification Scams - Learn here how to recognize and avoid them when applying for a loan modification.
- Loan Modification Sites - Read all about Home Loan Modification here
- Loan Modification Sites - Read all about Home Loan Modification here on Loan-Modification-Tips.com. A directory with tips and for loan modification companies.
- Loan Modification Stepscosts - What is involved when getting a loan modification
- Loan Modification Stepscosts - Are you considering a loan modification? You have two basic choices available: You can either do it on yourself or hire a professional.
- Legal Disclaimer for Loan-Modification-Tips.com
- Legal Disclaimer for Loan-Modification-Tips.com
- Bank of America Loan Modification - Help and DIY tips when applying with BoA
- Bank of America Loan Modification - Help and DIY tips when applying for loan modification with Bank of America.
- Citibank first mortgage loan modification; How to modify your Citibank home loan
- Citibank first mortgage loan modification; How to modify your Citibank home loan. Find details about their loan modification program and numbers how to reach the department you need.
- Countrywide Loan Modification - Get help when dealing with Countrywide
- Countrywide Loan Modification - Get help with your loan modification request Countrywide - Bank of America took them over.
- HSBC Loan Modification - Tips for a quick HSBC Loan Process
- HSBC Loan Modification - Tips for a quick HSBC Loan Process
- Nation Point - Another mortgage scam?
- Nation Point - Another mortgage scam? Unfortunately we could not find any good news about Nation Point at all. Read more on our site.
- Peak Home Loans - How to refinance your mortgage with Peak Home Loans
- Peak Home Loans - How to refinance your mortgage with Peak Home Loans
- WaMu Loan Modification - Get help with your WaMu loan, now handled by Chase
- WaMu Loan Modification - Get help with your WaMu loan, now handled by Chase.
- Wells Fargo Loan Modification - Payment Help - Alternative Repayment Options
- Wells Fargo Loan Modification - Find a repayment solution that can help you get out of default and back on the path toward home-centered financial security.
- FHA Appraisal Guidelines - Free info about FHA loan guidelines and requirements
- FHA appraisal guidelines and FHA appraisal loan requirements. These topics are essential in the loan application process.
- FHA Loan Limits - Get free info on mortage loan limits and FHA loan rates.
- FHA loan limits vary based on a variety of housing types and the state and county in which the property is located. Find details and current fha loan rates on our site.
- FHA Loan Rates - Free Resource for FHA Rates. Current and past mortgage rates.
- FHA Loan Rates are shown on our site. YOUR free resource for current mortgage rates. Find the best refinance rates here.
- FHA Refinancing | FHA mortgage refinancing | FHA qualifications
- FHA Refinancing. Get free tips about refinancing FHA loans and FHA qualifications. See current FHA loan rates and FHA loan limits.
- FHA Loan Requirements - Find the details you need when looking into a FHA loans
- FHA Loan Requirements - Read about all the requirements to take advantage for the current mortgage rates, especially in reference to your FHA loan. Mortgage Rate charts and FHA appraisal guidelines.
- Debt to Income Ratio Explained - Debt To Income Ratio Calculator
- Debt to Income Ratio Explained. How Do You Calculate It? Use our Debt Ratio Calculator.
- Refinance Mortgage - How to refinance your mortgage. Tips and tools.
- Refinance Mortgage - How to refinance your mortgage. Tips and tools, mortgage rates, refinance mortgage terms, etc.
- When to Refinance Mortgage - Refinancing Your Home - How and Why?
- When to Refinance Mortgage - Refinancing Your Home - Read when, how and why you should refinance your home mortgage.
- Mortgage Refinance Calculator Rate - we have all the calculators you need.
- Mortgage Refinance Calculator Rate - Should I refinance now? When to refinance mortgage for my house? Calculate your payment with our calculator and the current mortgage refinance interest rates.
- Mortgage Rate Chart - A selection of current and historical mortgage rates
- Mortgage Rate Chart - A selection of current and historical mortgage rates. Find current rates and calcuate your own monthly payments.
- Current Mortgage Rates - We have today s fha mortgage rates all in one chart.
- Current mortgage Rates. Find the current refinance rates for all kind of loans and refinancing in our charts. Read up on tips that help you get the lowest mortgage rates available for your situation.
- What is Reverse Mortgage - Learn The Facts First
- What is Reverse Mortgage - Learn the fact first. Read about advantages and disadvantages of a reverse mortgage. Get your question answered: What is a reverse mortgage?
- Reverse Mortgage Pros and Cons - Reverse Mortgage Good and Bad
- Reverse Mortgage Pros and Cons - Visit us to read all all about reverse mortgages pros and cons.
- Loan Modification Software - read reviews about current software available.
- Loan modification software has entered a new phase for managing, calculating, sending, packaging each loan mod for successful loan mod completion.
- Web Site Policies for Loan Modification Tips and Advice
- Information about the site policies at Loan-Modification-Tips.com.
