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 ...

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 ...

Mortgage loan modification means to try to get a better bargain from one's moneylender regarding the terms and conditions levied on the loan. It could be a request to write off precedent credit ...

For example, according to research from Freddie Mac, borrowers who approached different lenders and got two or more quotes ...

The Federal Housing Administration (FHA) announced this week that a final rule related to an increased 40-year loan modification term has been published in the Federal Register. The rule allows ...

Want to get a loan modification on your mortgage? First, you have to pass the NPV test. The test is filled with secrets and uncertainties, though the grading is simple: You either pass or fail. Pass, ...

Discover the benefits and drawbacks of loan modification programs, eligibility requirements, and alternatives for struggling ...

A question we’ve received from clients with increased frequency is whether they can forgo recording their loan modification agreement in certain circumstances or jurisdictions without jeopardizing ...