All Entries in the "Loan Modification" Category
5 reasons to get a new mortgage in 2012
Mortgage interest rates, near all-time lows, are likely to remain attractive throughout 2012. That means opportunities for new homebuyers and for homeowners who want to refinance.
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7 Costly Misconceptions About Mortgage Loan Modifications
COSTLY MISCONCEPTION #1: You are not eligible for a loan modification until you are late paying your mortgage
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5 Million Loan Modifications Allowed
Nearly 5 million homeowners have obtained mortgage loan modifications over the past four years, according to figures released today by the HOPE NOW Alliance.
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Free Resources To Help Prevent Foreclosure
A government program, available since 2009, is helping homeowners who are struggling with their mortgage payments. Yet many homeowners who could be helped by the Making Home Affordable Program do not know that these free resources exist.
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Qualifying for a Loan Modification
Qualifying for a mortgage loan modification can be rough. With all the horror stories out there, you can’t blame some borrowers for just not wanting to try. But there are some general guidelines that can give you a pretty good idea of whether you can succeed or not.
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Freddie Offers New Loan Mod Option
The new option, called a Standard Modification, is designed for borrowers who are ineligible for a Home Affordable Modification Program (HAMP) loan modification or have previously defaulted on a HAMP or other loan mod.
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4 Loan Modification Mistakes
In these tough financial times, a lot of homeowners are desperately trying to obtain a loan modification to make their mortgage more affordable. If you’re one of them, here are a few things you need to look out for.
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Homeowners: Beware these loan modification scams
The Better Business Bureau wants to alert consumers about loan modification scams and how too-good-to-be-true deals are more common in today’s fragile economy.
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Is Your Loan Modification Application Stuck?
If you’re on the verge of losing your home, or you know someone who is, then you also know about the long, bureaucratic process involved in applying for a loan modification from a lender.
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Should You Accept an Unsolicited Loan Modification?
Banks have been surprising homeowners with tempting, unsolicited offers to modify mortgages. The proposed loan mods come with attractive terms and a chance to wipe out part of the mortgage balance. But some borrowers find the seeming generosity suspicious.
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What to do when foreclosure looms
Something unexpected and financially overwhelming has happened — you’ve gotten sick or your hours have been cut at work or you’ve taken on the increasingly expensive care of an elderly parent.
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